南开18秋学期（1709、1803、1809）《会计专业英语》在线作业[答案]满分答案
18秋学期（1709、1803、1809）《会计专业英语》在线作业-0002
试卷总分:100 得分:0
一、 单选题 (共 20 道试题,共 40 分)
1.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are
A.convertible bonds
B.unsecured bonds
C.debenture bonds
D.callable bonds
2.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
3.Cash dividends are usually not paid on which of the following?
A.class B common stock
B.preferred stock
C.treasury stock
D.class A common stock
4.Accumulated Depreciation ( )
A.is used to show the amount of cost expiration of intangibles
B.is the same as Depreciation Expense
C.is a contra asset account
D.is used to show the amount of cost expiration of natural resources
5.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
6.The interest rate specified in the bond indenture is called the （ ）
A.discount rate
B.contract rate
C.market rate
D.effective rate
7.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
8.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.
9.Expenses are reported on the（ ）
A.income statement
B.statement of owner's equity
C.statement of cash flows
D.balance sheet
10.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
11.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
12.The liability for a dividend is recorded on which of the following dates?
A.the date of record
B.the date of payment
C.the date of announcement
D.the date of declaration
13.Characteristics of a corporation include （ ）
A.shareholders who are mutual agents
B.direct management by the shareholders (owners)
C.its inability to own property
D.shareholders who have limited liability
14.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
15.Financial reports are used by（ ）
A.management
B.creditors
C.investors
D.all of the above
16.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
17.A characteristic of a fixed asset is that it is （ ）
A.intangible
B.used in the operations of a business
C.held for sale in the ordinary course of the business
D.none of the above
18.Revenue should be recognized when（ ）
A.cash is received
B.the service is performed
C.the customer places an order
D.the customer charges an order
19.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
20.The most widely used depreciation method is
A.straight-line
B.sum-of-the-years-digits
C.declining-balance
D.units-of-production
南开18秋学期（1709、1803、1809）《会计专业英语》在线作业[答案]多选题答案
二、 判断题 (共 30 道试题,共 60 分)1.The amortization of a premium on bonds payable decreases bond interest expense.
A.错误
B.正确
2.Bonds are sold at face value when the contract rate is equal to the market rate of interest.
A.错误
B.正确
3.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
4.All property, plant, and equipment assets are depreciated over time.
A.错误
B.正确
5.Dividends in arrears are liabilities of the corporation.
A.错误
B.正确
6.The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future.
A.错误
B.正确
7.Investments in stocks that are expected to be held for the long term are listed in the stockholder's equity section of the balance sheet.
A.错误
B.正确
8.Accounting is a service that provides many different users with financial information to make economic decisions.
A.错误
B.正确
9.During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
A.错误
B.正确
10.When using the FIFO inventory costing method, the most recent costs are assigned to the cost of goods sold.
A.错误
B.正确
11.The allowance for doubtful accounts is similar to accumulated depreciation in that the account represents the total of all accounts written-off since the beginning year.
A.错误
B.正确
12.When common stock is issued in exchange for land, the land should be recorded in the accounts at the par amount of the stock issued.
A.错误
B.正确
13.Prepaid expenses are an example of an expense.
A.错误
B.正确
14.Temporary investments are reported on the balance sheet at cost.
A.错误
B.正确
15.The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity.
A.错误
B.正确
16.Allowance for Doubtful Accounts is a liability account.
A.错误
B.正确
17.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.错误
B.正确
18.Information is material if its omission or misstatement could influence the economic decisions of users.
A.错误
B.正确
19.Even when a trial balance is in balance, there may be errors in the individual accounts.
A.错误
B.正确
20.Bondholders are creditors of the issuing corporation.
A.错误
B.正确
21.Income is recognized when an increase in future benefits related to an increase in an asset of a decrease of a liability has arisen that can be measured reliably.
A.错误
B.正确
22.An income statement is a summary of the revenues and expenses of a business as of a specific date.
A.错误
B.正确
23.The statement of cash flows consists of an operating section, an income section, and an equity section.
A.错误
B.正确
24.When old equipment is traded in for a new equipment, the difference between the list price and the trade in allowance is called boot.
A.错误
B.正确
25.Recognition is the process of incorporating in the balance sheet or income statement an item that meet the definition of an element and satisfies the recognition criteria.
A.错误
B.正确
26.Primary users of accounting information are accountants.
A.错误
B.正确
27.The prices of bonds are quoted as a percentage of the bonds' market value.
A.错误
B.正确
28.The difference between Accounts Receivable and its contra asset account is called net realizable value.
A.错误
B.正确
29.Revenue accounts are increased by credits.
A.错误
B.正确
30.The balance of the allowance for doubtful accounts is added to accounts receivable on the balance sheet.
A.错误
B.正确
南开18秋学期（1709、1803、1809）《会计专业英语》在线作业[答案]历年参考题目如下：
