[南开大学]21春学期《会计专业英语》在线作业-(资料答案)1

[南开大学]21春学期《会计专业英语》在线作业

试卷总分:100 得分:100

一、单选题 (共 20 道试题,共 40 分)

1.If the two totals of a trial balance are not equal, it could be due to

项.an error in determining the account balances, such as a balance being

incorrectly computed

项.recording the same transaction more than once

项.failure to record a transaction

项.recording the same erroneous amount for both the debit and the credit parts

of a transaction

[-标准答案-]：A

2.Characteristics of a corporation include ( )

项.shareholders who are mutual agents

项.direct management by the shareholders (owners)

项.its inability to own property

项.shareholders who have limited liability

[-标准答案-]：D

3.The term "inventory" indicates （ ）

项.merchandise held for sale in the normal course of business

项.materials in the process of production or held for production

项.supplies

项.both A and B

[-标准答案-]：D

4.A characteristic of a fixed asset is that it is （ ）

项.intangible

项.used in the operations of a business

项.held for sale in the ordinary course of the business

项.none of the above

[-标准答案-]：B

ing a perpetual inventory system, the entry to record the return from a

customer of merchandise sold on account includes a

项.credit to Sales Returns and Allowances

项.debit to Merchandise Inventory

项.credit to Merchandise Inventory

项.debit to Cost of Merchandise Sold

[-标准答案-]：B

6.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts

is equal to the ( )

项.Uncollectible accounts expense for the year

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

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

项.sum of all accounts that are past du项.

[-标准答案-]：C

7.Revenues are reported when

项.a contract is signed

项.a contract is signed

项.work is begun on the job

项.work is completed on the job

[-标准答案-]：D

8.The interest rate specified in the bond indenture is called the （ ）

项.discount rate

项.contract rate

项.market rate

项.effective rate

[-标准答案-]：B

9.The inventory method that assigns the most recent costs to cost of good sold

is

项.FIFO

项.LIFO

项.average

项.specific identification

[-标准答案-]：B

10.Merchandise inventory at the end of the year is overstate项. Which of the

following statements correctly states the effect of the error?

项.owner's equity is overstated

项.cost of merchandise sold is overstated

项.gross profit is understated

项.net income is understated

[-标准答案-]：A

11.One of the main disadvantages of the corporate form is the( )

项.professional management

项.double taxation of dividends

项.charter

项.corporation must issue stock

[-标准答案-]：B

12.Expenses are reported on the( )

项.income statement

项.statement of owner's equity

项.statement of cash flows

项.balance sheet

[-标准答案-]：A

13.Cash dividends are usually not paid on which of the following?

项.class B common stock

项.preferred stock

项.treasury stock

项.class A common stock

[-标准答案-]：C

14.Revenue should be recognized when（ ）

项.cash is received

项.the service is performed

项.the customer places an order

项.the customer charges an order

[-标准答案-]：B

15.In which section of the balance sheet would Treasury Stock be reported?

项.Fixed assets

项.Long-term liabilities

项.Stockholders' equity

项.Intangible assets

[-标准答案-]：C

16.How is treasury stock shown on the balance sheet?

项.as an asset

项.as a decrease in stockholders' equity

项.as an increase in stockholders' equity

项.treasury stock is not shown on the balance sheet

[-标准答案-]：B

17.Cash investments made by the owner to the business are reported on the

statement of cash flows in the

项.financing activities section

项.investing activities section

项.operating activities section

项.supplemental statement

[-标准答案-]：A

18.For accounting purposes, the business entity should be considered separate

from its owners if the entity is（ ）

项.a corporation