【奥鹏】[南开大学]《会计专业英语》20春期末考核

【奥鹏】-[南开大学]《会计专业英语》20春期末考核 试卷总分:100 得分:100

第1题,Using accrual accounting, expenses are recorded and reported only（ ） A、when they are incurred, whether or not cash is paid B、when they are incurred and paid at the same time C、if they are paid before they are incurred D、if they are paid after they are incurred 正确答案:A

第2题,Notes may be issued ( ) A、when assets are purchased

B、to creditor's to temporarily satisfy an account payable created earlier C、when borrowing money D、all of the above 正确答案:D

第3题,A capital expenditure results in a debit to ( ) A、an expense account B、a capital account C、a liability account D、an asset account 正确答案:D

第4题,Which of the following should not be considered cash by an accountant? A、coins

B、bank checking accounts C、postage stamps D、Petty cash funds 正确答案:C

第5题,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 正确答案:D

第6题,The excess of issue price over par of common stock is termed a(n) （ ） A、discount

B、income C、deficit D、premium 正确答案:D

第7题,All of the following below are needed for the calculation of depreciation except( ) A、cost

B、residual value C、estimated life D、book value 正确答案:D

第8题,In the accounting cycle, the last step is（ ） A、preparing the financial statements

B、journalizing and posting the adjusting entries C、preparing a post-closing trial balance

D、journalizing and posting the closing entries 正确答案:C

第9题,Stockholders' equity （ ） A、is usually equal to cash on hand

B、includes paid-in capital and liabilities

C、includes retained earnings and paid-in capital D、is shown on the income statement 正确答案:C

第10题,Financial reports are used by（ ） A、management B、creditors C、investors

D、all of the above 正确答案:D

第11题,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 正确答案:D

第12题,Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporation's entry would include a ( ) A、Debit to the investment account for $10,000 B、Debit to the investment account for $4,000 C、Credit to the investment account for $4,000 D、Debit to a loss account for $4,000 正确答案:C

第13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:B

第14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:A

第15题,The cost method of accounting for stock( ) A、recognizes dividends as income

B、is only appropriate as part of a consolidation

C、requires the investment be increased by the reported net income of the investee D、requires the investment be decreased by the reported net income of the investee 正确答案:A

第16题,Current liabilities include( ) A、accounts payable

B、short-term notes payable C、wages payable D、taxes payable

E、bonds payable 正确答案:A,B,C,D

第17题,Which of the following should be considered cash by an accountant? A、coins

B、bank checking accounts C、postage stamps D、Petty cash funds E、IOU（I owe you) 正确答案:A,B,D

第18题,Trade Discounts ( ) A、reductions from the list price

B、not recognized in the accounting records C、customers are billed net of discounts D、gross method vs. net method E、same as cash discount 正确答案:A,B,C

第19题,Accrual Basis of Accounting ( ) A、revenue reported when earned

B、revenue reported when cash is received C、expense reported when incurred

D、properly matches revenues and expenses in determining net income E、requires adjusting entries at end of period 正确答案:A,C,D,E

第20题,The term \

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、fixed assets E、patents 正确答案:A,B

第21题,Accruals fall into two categories, they are ( ) A、prepaid expense B、unearned revenue C、accrued expenses

D、accrued revenues E、deferred revenue 正确答案:C,D

第22题,Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error? A、cost of merchandise sold is overstated B、owner's equity is overstated C、net income is understated D、gross profit is understated E、net income is overstated 正确答案:B,E

第23题,Notes may be issued ( ) A、when fixed assets are purchased

B、to creditor's to temporarily satisfy an account payable created earlier C、when available-for-sale securities are sold D、when borrowing money E、pay cash dividends 正确答案:A,B,D

第24题,Current assets include( ) A、intangible assets B、cash

C、receivables

D、short-term investments E、inventories

F、property, plant and equipment 正确答案:B,C,D

第25题,The primary purpose of a stock split include ( ) A、increase paid-in capital

B、reduce the market price of the stock per share C、reduce earnings per share

D、to increase the number of shares outstanding E、increase the market activity of the shares 正确答案:B,C,D,E

第26题,The double-entry accounting system records each transaction twice.