20春學(xué)期（1709、1803、1809、1903、1909、2003）《會(huì)計(jì)專業(yè)英語(yǔ)》在線作業(yè)

試卷總分:100  得分:100

一、單選題 (共 20 道試題,共 40 分)

13.Cash equivalents( )

A.will be converted to cash within two years

B.will be converted to cash within 90 days

C.will be converted to cash within 120 days

D.are illegal in some company

2.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )

A.total of the accounts receivables written-off during the year

B.total estimated uncollectible accounts as of the end of the year

C.sum of all accounts that are past due.

D.Uncollectible accounts expense for the year

3.The primary purpose of a stock split is to ( )

A.reduce the market price of the stock per share

B.increase the market price of the stock per share

C.increase retained earnings

D.increase paid-in capital

9.The accounting equation may be expressed as（ ）

A.Assets = Revenues less Liabilities

B.Assets = Equities - Liabilities

C.Assets - Liabilities = Owner's Equity

D.Assets + Liabilities = Owner's Equity

5.Current liabilities are（ ）

A.due, but not receivable for more than one year

B.due, but not payable for more than one year

C.due and receivable within one year

D.due and payable within one year

6.How does paying a liability in cash affect the accounting equation?

A.liabilities decrease; owner's equity increases

B.assets increase; liabilities increase

C.assets increase; liabilities decrease

D.assets decrease; liabilities decrease

7.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?

A.owner's equity is overstated

B.net income is understated

C.gross profit is understated

D.cost of merchandise sold is overstated

8.All of the following occur with a double-entry accounting system except:

A.The sum of all debits is always equal to the sum of all credits in each journal entry.

B.The accounting equation remains in balance.

C.Every transaction affects at least two accounts

D.Each business transaction will have only two entries.

10.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）

A.total of the accounts receivables written-off during the year

B.total estimated uncollectible accounts as of the end of the year

C.sum of all accounts that are past due.

D.Uncollectible accounts expense for the year

4.Which statement below is not a reason for a corporation to buy back its own stock.

A.to increase the shares outstanding

B.resale to employees

C.for supporting the market price of the stock

D.bonus to employees

11.Financial reports are used by( )

A.management

B.investors

C.creditors

D.all of the above

12.What is the type of account and normal balance of Allowance for Doubtful Accounts?

A.Contra asset, debit

B.Contra asset, credit

C.Asset, debit

D.Asset, credit

13.Debts owed by a business are referred to as（ ）

A.owner’s equity

B.liabilities

C.equities

D.accounts receivables

14.If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible?

A.Uncollectible Accounts Expense

B.Interest Expense

C.Allowance for Doubtful Accounts

D.Accounts Receivable

15.Which of the following financial statements reports information as of a specific date?

A.statement of owner's equity

B.statement of cash flows

C.income statement

D.balance sheet

16.Current liabilities are( )

A.due, but not receivable for more than one year

B.due, but not payable for more than one year

C.due and receivable within one year

D.due and payable within one year

17.The debt created by a business when it makes a purchase on account is referred to as an

A.expense payable

B.asset

C.account receivable

D.account payable

14.The percentage analysis of increases and decreases in individual items in comparative financial statements is called ( )

A.vertical analysis

B.solvency analysis

C.profitability analysis

D.horizontal analysis

11.Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?

A.net income is understated

B.net income is overstated

C.merchandise inventory reported on the balance sheet is overstated

D.cost of merchandise sold is understated

12.Which of the following groups are considered to be internal users of accounting information?

A.Government and banks

B.Employees and managers

C.Employees and customers

D.Customers and vendors

二、判斷題 (共 30 道試題,共 60 分)

21.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.

44.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.

23.Even when a trial balance is in balance, there may be errors in the individual accounts.

24.The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the financial statements.

25.In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.

26.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.

27.Every adjusting entry will affect at least one income statement account and one balance sheet account.

24.Purchasing supplies on account increases liabilities and decreases equity.

29.Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.

30.The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense.

31.If the liabilities owed by a business total $500,000, then the assets also total $500,000.

32.If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.

33.The matching concept requires expenses be recorded in the same period that the related revenue is recorded.

34.The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.

32.Paying an account payable increases liabilities and decreases assets

36.For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments divided among different employees.

37.Bondholders are creditors of the issuing corporation.

28.Even when a trial balance is in balance, there may be errors in the individual accounts.

39.The statement of cash flows consists of an operating section, an income section, and an equity section.

40.Intangible assets differ from property, plant and equipment assets in that they lack physical substance.

41.The amortization of a premium on bonds payable decreases bond interest expense.

42.The double-entry accounting system records each transaction twice.

43.An income statement is a summary of the revenues and expenses of a business as of a specific date.

44.The difference between Accounts Receivable and its contra asset account is called net realizable value.

45.Primary users of accounting information are accountants.

46.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.

47.Dividends in arrears are liabilities of the corporation.

48.When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.

49.For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.

50.Revenue is earned only when money is received.