南开19春学期(1709、1803、1809、1903)《会计专业英语》在线作业1

1 / 8 【奥鹏】[南开大学]19春学期（1709、1803、1809、1903）《会计专业英语》在线作业

试卷总分:100 得分:100

第1题,The two methods of accounting for investments in stock are the cost method

and the ( )

A、straight-line method

B、equity method

C、liability method

D、interest method

正确答案:

第2题,A business paid $7,000 to a creditor in payment of an amount owed. The effect

of the transaction on the accounting equation was to

A、increase one asset, decrease another asset

B、decrease an asset, decrease a liability

C、increase an asset, increase a liability

D、increase an asset, increase owner's equity

正确答案:

第3题,If preferred stock has dividends in arrears, the preferred stock must be

( )

A、participating

B、callable

C、cumulative

D、convertible

正确答案:

第4题,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

正确答案:

第5题,The most widely used depreciation method is

A、straight-line

B、sum-of-the-years-digits

C、declining-balance

D、units-of-production

正确答案:

第6题,Under which method of cost flows is the inventory assumed to be composed

of the most recent costs?

A、average cost

B、last-in, first-out

C、first-in, first-out 2 / 8 D、weighted average

正确答案:

第7题,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.

正确答案:

第8题,The cost of a product warranty should be included as an expense in the （ ）

A、period the cash is collected for a product sold on account

B、future period when the cost of repairing the product is paid

C、period of the sale of the product

D、future period when the product is repaired or replaced

正确答案:

第9题,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

正确答案:

第10题,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

正确答案:

第11题,The amount of the outstanding checks is included on the bank reconciliation

as a(n) （ ）

A、deduction from the balance per depositor's records

B、addition to the balance per bank statement

C、deduction from the balance per bank statement

D、addition to the balance per depositor's records

正确答案:

第12题,Financial reports are used by（ ）

A、management

B、creditors 3 / 8 C、investors

D、all of the above

正确答案:

第13题,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

正确答案:

第14题,The term "inventory" indicates ( )

A、merchandise held for sale in the normal course of business

B、materials in the process of production or held for production

C、supplies

D、both A and B

正确答案:

第15题,Expenses are reported on the（ ）

A、income statement

B、statement of owner's equity

C、statement of cash flows

D、balance sheet

正确答案:

第16题,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

正确答案:

第17题,Profit is the difference between

A、assets and liabilities

B、the incoming cash and outgoing cash

C、he assets purchased with cash contributed by the owner and the cash spent to

operate the business

D、the amounts received from customers for goods or services and the amounts paid

for

the inputs used to provide the goods or services

正确答案:

第18题,Cash investments made by the owner to the business are reported on the

statement of cash flows in the