南开17春学期《会计专业英语》左线作业

奥鹏南开大学2020年秋季学期在线作业 11192553751.Which of the following is not included in the computation ofthe quick ratio?A.inventoryB.marketable securitiesC.accountsreceivable D.cash【参考答案】: A2.Which of the items below is not a business organization form?（）A.entrepreneurshipB.proprietorshipC.partnershipD.corporat ion【参考答案】: A3.The inventory method that assigns the most recent costs to costof good sold isA.FIFOB.LIFOC.averageD.specific identification【参考答案】: B4.When the market rate of interest on bonds is higher than thecontract rate, the bonds will sell at ( )A.a premiumB.their face valueC.their maturity valueD.a discount【参考答案】: D5.The primary purpose of a stock split is to ( )share C.increase the market price of the stock per share D.increase retained earnings【参考答案】: B6.If preferred stock has dividends in arrears, the preferredstock must be ( )A.participatingB.callableC.cumulativeD.convertible【参考答案】: C7.The assets and liabilities of the company are $128,000 and$84,000, respectively. Owner’s equity should equalA.$212,000B.$44,000C.$128,000D.$84,000【参考答案】: B8.Which of the following should not be considered cash by anaccountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash funds【参考答案】: C9.Which of the following concepts relates to separating thereporting of business and personal economic transactions?A.Cost ConceptB.Unit of Measure ConceptC.Business Entity ConceptD.Objectivity Concept【参考答案】: C10.The primary purpose of a stock split is to （）share C.increase the market price of the stock per share D.increase retained earnings【参考答案】: B11.Cash dividends are usually not paid on which of the following?A.class B common stockB.preferred stockC.treasurystock D.class A common stock【参考答案】: C12.The excess of issue price over par of common stock is termeda(n) ( )A.discountB.incomeC.deficitD.premium【参考答案】: D13.Which statement below is not a reason for a corporation to buyback its own stock ( )A.resale to employeesB.bonus to employeesC.for supporting the market price of the stockD.to increase the shares outstanding【参考答案】: D14.If title to merchandise purchases passes to the buyer when thegoods are shipped from the seller, the terms areA.n/30B.FOB shipping pointC.FOB destinationD.consigned【参考答案】: B15.How is treasury stock shown on the balance sheet?A.as an assetB.as a decrease in stockholders' equityC.as an increase in stockholders' equityD.treasury stock is not shown on the balance sheet【参考答案】: B16.The cost of a product warranty should be included as an expensein the ( )A.period the cash is collected for a product sold on accountB.future period when the cost of repairing the product is paidC.period of the sale of the productD.future period when the product is repaired or replaced【参考答案】: C17.The income statement is prepared from( )A.the adjusted trial balance.B.the income statement columns of the work sheet.C.either the adjusted trial balance or the income statement columns of the work sheet.D.both the adjusted trial balance and the income statement columns of the work sheet.【参考答案】: C18.What is the term applied to the excess of net revenue from salesover the cost of merchandise sold?A.gross profitB.income from operations incomeD.gross sales【参考答案】: A19.The price at which a stock can be sold depends upon a numberof factors. Which statement below is not one of those factors?( )A.the financial condition, earnings record, and dividend record of the corporationB.investor expectations of the corporation's earningpower C.how high the par value D.general business and economic conditions and prospects【参考答案】: C20.The journal entry a company uses to record the estimatedaccrued product warranty liability is ( )A.debit Product Warranty Expense; credit Product WarrantyPayable B.debit Product Warranty Payable; credit Cash C.debit Product Warranty Expense; credit Cash D.debit Product Warranty Payable; credit Product Warranty Expense【参考答案】: A21.Ordinarily, a corporation owning a significant portion of thevoting stock of another corporation accounts for the investmentusing the equity method.A.错误B.正确【参考答案】: B22.The main reason that the bank statement cash balance and thedepositor's cash balance do not initially balance is due to timingdifferences.A.错误B.正确【参考答案】: B23.During inflationary periods, the use of the LIFO method ofcosting inventory will result in a greater amount of net incomethan would result from the use of the FIFO method.A.错误B.正确【参考答案】: A24.If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.A.错误B.正确【参考答案】: A25.If the liabilities owed by a business total $300,000 and owners equity is equal to $300,000, then the assets also total $300,000. T.对 F.错【参考答案】: F26.If ending inventory for the year is understated, net income for the year is overstated.A.错误B.正确【参考答案】: A27.The adjusted trial balance verifies that total debits equals total credits before the adjusting entries are prepared.T.对 F.错【参考答案】: F28.During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues.T.对 F.错【参考答案】: T29.Intangible assets differ from property, plant and equipment assets in that they lack physical substance.T.对 F.错【参考答案】: T30.Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities.T.对 F.错【参考答案】: T31.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method.A.错误B.正确【参考答案】: A32.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.T.对 F.错【参考答案】: F33.Bondholders claims on the assets of the corporation rank ahead of stockholders.A.错误B.正确【参考答案】: B34.The maturity value of a note receivable is always the same as its face value.T.对 F.错【参考答案】: F35.The prices of bonds are quoted as a percentage of the bonds' market value.A.错误B.正确【参考答案】: A36.The investor carrying an investment by the equity method records cash dividends received as an increase in the carrying amount of the investment.T.对 F.错【参考答案】: F37.Paying an account payable increases liabilities and decreases assetsT.对 F.错【参考答案】: F38.A corporation is a business that is legally separate and distinct from its owners.A.错误B.正确【参考答案】: B39.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable. T.对 F.错【参考答案】: T40.Revenue accounts are increased by credits.T.对 F.错【参考答案】: T41.The effect of a sales return and allowance is a reduction in sales revenue and a decrease in cash or accounts receivable.A.错误B.正确【参考答案】: B42.When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.T.对 F.错【参考答案】: T43.Dividends in arrears are liabilities of the corporation.T.对 F.错【参考答案】: F44.The statement of cash flows consists of an operating section, an income section, and an equity section.A.错误B.正确【参考答案】: A45.When a stock dividend is declared, it becomes a liabilityA.错误B.正确【参考答案】: A46.A fixed asset impairments occurs when the fair value of a fixed asset falls below its book value and is not expected to recover.A.错误B.正确【参考答案】: B47.If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase.A.错误B.正确【参考答案】: A48.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.T.对 F.错【参考答案】: T49.The book value of a fixed asset reported on the balance sheet represents its market value on that date.T.对 F.错【参考答案】: T50.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.错误B.正确【参考答案】: A。

Chapter 2 Accounting Concepts and Principles财务报表要素Asset 资产Liability 负债Equity 所有者权益、股本Revenue 收入Expense 费用Gain 利得Loss 损失For each item below, indicate to which category of elements of financial statements it belongs.每个项目下面，说明这类财务报表要素属于.(a) Retained earnings 留存收益equity(b) Sales 销售revenue(c) Additional paid-in capital 股本溢价equity(d) Inventory 存货asset(e) Depreciation 折旧费expense(f) Dividends 股息equity(g) Gain on sale of investment 出售投资收益gain(h)Interest payable 应付利息liability(i)Loss on sale of equipment 销售设备的亏损loss(j) Issuance of common stock 发行普通股equityChapter 3 Financial StatementsExercise 1. Presented on the next page are the captions of Faulk Company’s balance sheet.在下一页的标题的福克公司的资产负债表。

(a) Current assets. (f) Current liabilities.(b) Investments. (g) Non-current liabilities.(c) Property, plant, and equipment. (h) Capital stock.(d) Intangible assets. (i) Additional paid-in capital.(e) Other assets. (j) Retained earnings.(a)流动资产(b)投资(c固定资产(d)无形资产(e)其他资产(f)流动负债(g)非流动负债。

南开14春学期《会计专业英语》在线作业答案单选题判断题一、单选题（共20 道试题，共40 分。

）1. The amount of the outstanding checks is included on the bank reconciliation as a(n) （）A. deduction from the balance per depositor's recordsB. addition to the balance per bank statementC. deduction from the balance per bank statementD. addition to the balance per depositor's records-----------------选择：C2. The debt created by a business when it makes a purchase on account is referred to as anA. account payableB. account receivableC. assetD. expense payable-----------------选择：A3. Debts owed by a business are referred to as（）A. accounts receivablesB. equitiesC. owner’s equityD. liabilities-----------------选择：D4. Revenue should be recognized when（）A. cash is receivedB. the service is performedC. the customer places an orderD. the customer charges an order-----------------选择：B5. 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 accountB. future period when the cost of repairing the product is paidC. period of the sale of the productD. future period when the product is repaired or replaced-----------------选择：C6. The journal entry a company uses to record the estimated accrued product warranty liability is （）A. debit Product Warranty Expense; credit Product Warranty PayableB. debit Product Warranty Payable; credit CashC. debit Product Warranty Expense; credit CashD. debit Product Warranty Payable; credit Product Warranty Expense-----------------选择：A。

Chapter 3Discussion questions1.Why trading securities are usually regarded as current assets?Trading securities consist of surplus cash invested in government or corporate debt obligations, or in shares (equity securities) that can be readily sold (marketable) and ate held as a source of mature or be sold within the next year or operating period to be classified as current assets, although it is probable that they will. Trading securities ate considered current assets if they are marketable, and management’s intent of holding them for a longer period, they should be classified as long-term investment in securities.2.In making the annual adjusting entry for uncollectible accounts, a company mayutilize a balance sheet approach to make the estimate or it may use an income statement approach. Explain these two alternative approaches.A balance sheet is a financial statement listing a company’s assets, liabilities and owners’ or shareholders’ equity on a specific date. A balance sheet approach to an audit is a limited audit that only examines the accounts on a company's balance sheet.The income statement, also known as the profit and loss, or P&L, statement, runs down the revenues and expenses of a company over a specified time period, showing the company's net profit for the period. All publicly traded companies are required to produce an income statement at least annually, but many firms choose to produce quarterly income statements as well.3.Which inventory valuation method should a company use if it wants to minimizeincome taxes?When prices are rising, LIFO results in lower reported income and thus may provide a related tax benefit.When prices are decreasing, FIFO results in lower reported income and thus may provide a related tax benefit.4.What are the advantages by using the retail method to estimate inventories?The retail inventory method is widely used by department stores and other types of retail business that are likely to keep periodic inventory records. Such firms typically mark each item of merchandise with the retail price and record purchased at both cost and retail price. A firm can estimate its ending inventory at retail price merely by subtracting the net sales for the month from the retail price of goods available for sale. The ending inventory at retail is then converted to most on the basis of the ratio of cost to selling retail price for the current period. One of the major advantages of the retail method is that it provides inventory figures for use inpreparing interim statements.Exercises1.In general terms, financial assets appear in the balance sheet at:A．Face valueB．Current valueC．Market valueD．Estimated future sales valueAnswer: B2. On January 1, CL Company had a $3100credit balance in the Allowance forDoubtful Accounts. During the year, sales totaled $78000 and &6900 of accounts receivable were written off as uncollectible. A December 31 aging of accounts receivable indicated the amount probably uncollectible to be $5300. (No recoveries of accounts previously written off were made during the year.) CL Company’s financial statements for the current year should include:A．Uncollectible accounts expense of $9100B．Uncollectible accounts expense of $5300C．Allowance for Doubtful Accounts with a credit balance of $1500D．Allowance for Doubtful Accounts with a credit balance of $8400Answer: A3. Why do companies prefer the LIFO inventory method during a period of risingprices?A．Higher reported incomeB．Lower income taxesC．Lower reported incomeD．Higher ending inventoryAnswer: B4. Which of the following statements is true?A. Separation of duties is not an important element of internal control forinventories.B. The perpetual system is used primarily for low-unit-cost inventory.C. An annual physical count of inventory is needed regardless of the type ofinventory system used.D. All the above are true.Answer: C5. If a firm purchases $100000 of bonds of Z Company at 101 plus accrued interestof $2000 and pays broker’s commissions of $50, the amount debited to Investment in Z Company Bonds may be:A. $100000B. $101050C. $103000D. none of the aboveAnswer: C6. ABC Company needs to determine the approximate amount of inventory at theend of each month without taking a physical inventory of merchandise. From the following information, you are required to determine the cost of the July 31The cost of the July 31inventory is determined as follows:Ending inventory of July 31 at retail selling price=$640,000-$375,000=$364,800 Ratio of cost to selling retail price=$435,200/$640,000=68%Ending inventory of July 31 at cost=$364,000×68%=$248,064。

会计专业英语答案【篇一：15春学期《会计专业英语》在线作业满分答案】a. an expense accountb. a capital accountc. a liability accountd. an asset account?正确答案：d2. the debt created by a business when it makes a purchase on account is referred to as ana. account payableb. account receivablec. assetd. expense payable?正确答案：a3. when the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds area. convertible bondsb. unsecured bondsc. debenture bondsd. callable bonds?正确答案：d4. which of the items below is not a business organization form?（）a. entrepreneurshipb. proprietorshipc. partnershipd. corporation?正确答案：a5. cash investments made by the owner to the business are reported on the statement of cash flows in thea. financing activities sectionb. investing activities sectionc. operating activities sectiond. supplemental statement?【篇二：《会计专业英语》期末试题(a卷)答案】txt>1. (1) journal entry—a chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts.(2) going concern ——an assumption that a business entity will continue in operation indefinitely and thus will carry out its existing commitments.(3) matching principle——the revenue earned druing an accounting period is offset with the expenses incurred in generating this revenue.(4) working capital——current assets minus current liabilities(5) revenue expenditure——any expenditure that will benefit only the current accounting period.2. 每空1分，其中两个debit合计1分(1) (two). (debit). (debit). (equal). (2) (adjusting). (assign). (end). (prior) (3) (liquid). (that). (at)3.题一10分，第一小段6分，第二小段4分。