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20春學(xué)期（1709、1803、1809、1903、1909、2003）《會計專業(yè)英語》在線作業(yè)
試卷總分:100    得分:100
第1題,Cash equivalents(  )
A、are illegal in some company
B、will be converted to cash within two years
C、will be converted to cash within 90 days
D、will be converted to cash within 120 days
正確答案:


第2題,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the (  )
A、Uncollectible accounts expense for the year
B、total of the accounts receivables written-off during the year
C、total estimated uncollectible accounts as of the end of the year
D、sum of all accounts that are past due.
正確答案:


第3題,The primary purpose of a stock split is to (  )
A、increase paid-in capital
B、reduce the market price of the stock per share
C、increase the market price of the stock per share
D、increase retained earnings
正確答案:


第4題,The accounting equation may be expressed as（  ）
A、Assets = Equities - Liabilities
B、Assets + Liabilities = Owner's Equity
C、Assets = Revenues less Liabilities
D、Assets - Liabilities = Owner's Equity
正確答案:


第5題,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
正確答案:


第6題,How does paying a liability in cash affect the accounting equation?
A、assets increase; liabilities decrease
B、assets increase; liabilities increase
C、assets decrease; liabilities decrease
D、liabilities decrease; owner's equity increases
正確答案:


第7題,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、cost of merchandise sold is overstated
C、gross profit is understated
D、net income is understated
正確答案:


第8題,All of the following occur with a double-entry accounting system except:
A、The accounting equation remains in balance.
B、Each business transaction will have only two entries.
C、Every transaction affects at least two accounts
D、The sum of all debits is always equal to the sum of all credits in each journal entry.
正確答案:


第9題,On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （  ）
A、Uncollectible accounts expense for the year
B、total of the accounts receivables written-off during the year
C、total estimated uncollectible accounts as of the end of the year
D、sum of all accounts that are past due.
正確答案:


第10題,Which statement below is not a reason for a corporation to buy back its own stock.
A、resale to employees
B、bonus to employees
C、for supporting the market price of the stock
D、to increase the shares outstanding
正確答案:


第11題,Financial reports are used by(   )
A、management
B、creditors
C、investors
D、all of the above
正確答案:


第12題,What is the type of account and normal balance of Allowance for Doubtful Accounts?
A、Contra asset, credit
B、Asset, debit
C、Asset, credit
D、Contra asset, debit
正確答案:


第13題,Debts owed by a business are referred to as（  ）
A、accounts receivables
B、equities
C、owner’s equity
D、liabilities
正確答案:


第14題,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、Accounts Receivable
C、Allowance for Doubtful Accounts
D、Interest Expense
正確答案:


第15題,Which of the following financial statements reports information as of a specific date?
A、income statement
B、statement of owner's equity
C、statement of cash flows
D、balance sheet
正確答案:


第16題,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
正確答案:


第17題,The debt created by a business when it makes a purchase on account is referred to as an
A、account payable
B、account receivable
C、asset
D、expense payable
正確答案:


第18題,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
正確答案:


第19題,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、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated
正確答案:


第20題,Which of the following groups are considered to be internal users of accounting information?
A、Employees and customers
B、Customers and vendors
C、Employees and managers
D、Government and banks
正確答案:


第21題,Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
A、錯誤
B、正確
正確答案:


第22題,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
T、對
F、錯
正確答案:


第23題,Even when a trial balance is in balance, there may be errors in the individual accounts.
T、對
F、錯
正確答案:


第24題,The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the financial statements.
T、對
F、錯
正確答案:


第25題,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.
A、錯誤
B、正確
正確答案:


第26題,Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
T、對
F、錯
正確答案:


第27題,Every adjusting entry will affect at least one income statement account and one balance sheet account.
T、對
F、錯
正確答案:


第28題,Purchasing supplies on account increases liabilities and decreases equity.
T、對
F、錯
正確答案:


第29題,Solvency analysis focuses on the ability of a business to pay its current and noncurrent liabilities.
A、錯誤
B、正確
正確答案:


第30題,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.
T、對
F、錯
正確答案:


第31題,If the liabilities owed by a business total $500,000, then the assets also total $500,000.
T、對
F、錯
正確答案:


第32題,If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.
A、錯誤
B、正確
正確答案:


第33題,The matching concept requires expenses be recorded in the same period that the related revenue is recorded.
A、錯誤
B、正確
正確答案:


第34題,The main reason that the bank statement cash balance and the depositor's cash balance do not initially balance is due to timing differences.
A、錯誤
B、正確
正確答案:


第35題,Paying an account payable increases liabilities and decreases assets
A、錯誤
B、正確
正確答案:


第36題,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.
A、錯誤
B、正確
正確答案:


第37題,Bondholders are creditors of the issuing corporation.
A、錯誤
B、正確
正確答案:


第38題,Even when a trial balance is in balance, there may be errors in the individual accounts.
A、錯誤
B、正確
正確答案:


第39題,The statement of cash flows consists of an operating section, an income section, and an equity section.
T、對
F、錯
正確答案:


第40題,Intangible assets differ from property, plant and equipment assets in that they lack physical substance.
T、對
F、錯
正確答案:


第41題,The amortization of a premium on bonds payable decreases bond interest expense.
T、對
F、錯
正確答案:


第42題,The double-entry accounting system records each transaction twice.
A、錯誤
B、正確
正確答案:


第43題,An income statement is a summary of the revenues and expenses of a business as of a specific date.
T、對
F、錯
正確答案:


第44題,The difference between Accounts Receivable and its contra asset account is called net realizable value.
T、對
F、錯
正確答案:


第45題,Primary users of accounting information are accountants.
T、對
F、錯
正確答案:


第46題,The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
A、錯誤
B、正確
正確答案:


第47題,Dividends in arrears are liabilities of the corporation.
A、錯誤
B、正確
正確答案:


第48題,When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
A、錯誤
B、正確
正確答案:


第49題,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.
A、錯誤
B、正確
正確答案:


第50題,Revenue is earned only when money is received.
A、錯誤
B、正確
正確答案: