中级财务会计英第二学期选择题判断题

1、中级财务会计英选择题判断题考点一：应付票据分类，流动负债，非流动负债，非负债D 1. Liabilities area. any accounts having credit balances after closing entries are made b deferred credits that are recognized and measured in conformity with generally accepted accounting principlesc. obligations to transfer ownership shares to other entities

2、 in the future d obligations arising from past transactions and payable in assets or services in the futureD 2 Which of the following is a current liability?a. A long-term debt maturing currently, which is to be paid with cash in a sinking fundb A long-term debt maturing currently, which is to be re

3、tired with proceeds from a new debt issuec. A long-term debt maturing currently, which is to be converted into common stock d None of theseA 3. Which of the following is true about accounts payable?1. Accounts payable should not be reported at their present value2. When accounts payable are recorded

4、 at the net amount, a Purchase Discounts account will be used3. When accounts payable are recorded at the gross amount, a Purchase Discounts Lost account will be useda. 1b2c. 3d Both 2 and 3 are trueA 4 Among the short-term obligations of Lance Company as of December 31, the balance sheet date, are

5、notes payable totaling $250,000 with the Madison National Bank These are 90-day notes, renewable for another 90-day period These notes should be classified on the balance sheet of Lance Company as a. current liabilitiesb deferred chargesc. long-term liabilitiesd intermediate debtB 5. Which of the fo

6、llowing is not true about the discount on short-term notes payable?a. The Discount on Notes Payable account has a debit balanceb The Discount on Notes Payable account should be reported as an asset on the balance sheet.D 8.C 9.11.D 12.D 13.C 14.c. When there is a discount on a note payable, the effe

7、ctive interest rate is higher than the stated discount rated All of these are trueWhich of the following should not be included in the current liabilities section of the balance sheet?a. Trade notes payableb Short-term zero-interest-bearing notes payablec. The discount on short-term notes payabled A

8、ll of these are includedWhich of the following is a current liability?a. Preferred dividends in arrearsb A dividend payable in the form of additional shares of stockc. A cash dividend payable to preferred stockholdersd All of theseOf the following items, the only one which should not be classified a

9、s a current liability isa. current maturities of long-term debtb sales taxes payablec. short-term obligations expected to be refinancedd unearned revenuesAn account which would be classified as a current liability isa. dividends payable in the company1 s stockb accounts payabledebit balancesc. losse

10、s expected to be incurred within the next twelve months in excess of the company* s insurance coveraged none of theseWhich of the following may be a current liability?a. Withheld Income Taxesb Deposits Received from Customersc. Deferred Revenued All of theseWhich of the following items is a current

11、liability?a. Bonds (for which there is an adequate sinking fund properly classified as a long-term investment) due in three monthsb Bonds due in three yearsc. Bonds (for which there is an adequate appropriation of retained earnings) due in eleven monthsd Bonds to be refunded when due in eight months

12、, there being no doubt about the marketability of the refunding issueD 15. Which of the following statements is false?a. A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis and demonstrates an ability to complete

13、 the refinancingb Cash dividends should be recorded as a liability when they are declared by the board of directorsc. Under the cash basis method, warranty costs are charged to expense as they are paidd FICA taxes withheld from employees' payroll checks should never be recorded as a liability si

14、nce the employer will eventually remit the amounts withheld to the appropriate taxing authority考点二：实际利息法下溢价和折价对摊销的影响是增加还是减少B 6. Stone, Inc issued bonds with a maturity amount of $200, 000 and a maturity ten years from date of issue If the bonds were issued at a premium, this indicates thata. the eff

15、ective yield or market rate of interest exceeded the stated (nominal) rateb the nominal rate of interest exceeded the market ratec. the market and nominal rates coincidedd no necessary relationship exists between the two ratesA 7. If bonds are initially sold at a discount and the straight-line metho

16、d of amortization is used, interest expense in the earlier years willa. exceed what it would have been had the effective interest method of amortization been usedb be less than what it would have been had the effective interest method of amortization been usedc. be the same as what it would have bee

17、n had the effective interest method of amortization been usedd be less than the stated (nominal) rate of interestD 8. Under the effective interest method of bond discount or premium amortization, the periodic interest expense is equal toa. the stated (nominal) rate of interest multiplied by the face

18、 value of the bondsb the market rate of interest multiplied by the face value of the bonds c the stated rate multiplied by the beginning-of-period carrying amount of the bondsd the market rate multiplied by the beginning-of-period carrying amount of the bondsD 9. When the effective interest method i

19、s used to amortize bond premium or discount, the periodic amortization willa. increase if the bonds were issued at a discountbdecreaseifthebondswereissuedata premiumc.increaseifthebondswereissuedata premiumdincreaseifthebondswereissuedateither a discountor apremium考点三：普通股的优先权体现在什么地方B 2 The pre-empti

20、ve right of a common stockholder is the right toa. share proportionately in corporate assets upon liquidation b share proportionately in any new issues of stock of the same class c. receive cash dividends before they are distributed to preferred stockholdersd exclude preferred stockholders from voti

21、ng rightsA 3. The pre-emptive right enables a stockholder toa. share proportionately in any new issues of stock of the same class b receive cash dividends before other classes of stock without the pre-emptive rightc. sell capital stock back to the corporation at the option of the stockholderd receiv

22、e the same amount of dividends on a percentage basis as the preferred stockholders考点四：投资证券的利得如何列示考点五：库存股份的出售利得如何列示C 10. When treasury stock is purchased for more than the par value of the stock and the cost method is used to account for treasury stock, what account (s) should be debited?a. Treasury

23、stock for the par value and paid-in capital in excess of par for the excess of the purchase price over the par valueb Paid-in capital in excess of par for the purchase pricec. Treasury stock for the purchase priced Treasury stock for the par value and retained earnings for the excess of the purchase

24、 price over the par valueAll. "Gains" on sales of treasury stock (using the cost method) should be credited toa. paid-in capital from treasury stockb capital stockc. retained earningsd other incomeB 13. How should a "gain" from the sale of treasury stock be reflected when using t

25、he cost method of recording treasury stock transactions?a. As ordinary earnings shown on the income statementb As paid-in capital from treasury stock transactionsc. As an increase in the amount shown for common stock d As an extraordinary item shown on the income statement考点六：小额股份股票A 29. The issuer

26、of a 5% common stock dividend to common stockholders preferably should transfer from retained earnings to contributed capital an amount equal to thea. market value of the shares issuedb book value of the shares issuedc. minimum legal requirementsd par or stated value of the shares issuedA 30. At the

27、 date of declaration of a small common stock dividend, the entry should not includea. a credit to Common Stock Dividend Payableb a credit to Paid-in Capital in Excess of Parc. a debit to Retained Earningsd All of these are acceptable考点七：持有至到期投资如何分类4 A requirement for a security to be classified as h

28、eld-to-maturity isa. ability to hold the security to maturityb positive intentc. the security must be a debt security.d All of these are required考点八：未实现的利得C 8 Unrealized holding gains or losses which are recognized in income are from securities classified asa. held-to-maturityb available-for-salec.

29、tradingd none of theseD 10. An unrealized holding gain on a company* s available-for-sale securities should be reflected in the current financial statements asa. an extraordinary item shown as a direct increase to retained earnings b a current gain resulting from holding securitiesc. a note or paren

30、thetical disclosure onlyd other comprehensive income and included in the equity section of the balance sheet考点九：长期工程合同会计方法时主要因素考虑哪些B 8. In selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be a. the terms of payment in

31、the contractb the degree to which a reliable estimate of the costs to complete and extent of progress toward completion is practicablec. the method commonly used by the contractor to account for other long-term construc-tion contracts.d the inherent nature of the contractor' s technical faciliti

32、es used in construction考点十：长期工程合同完工百分比法确认毛利C 9 The percentage-of-completion method must be used when certain conditions exist Which of the following is not one of those necessary conditions?a. Estimates of progress toward completion, revenues, and costs are reasonably dependableb The contractor can

33、be expected to perform the contractual obligation. c. The buyer can be expected to satisfy some of the obligations under the contractd The contract clearly specifies the enforceable rights of the parties, the consideration to be exchanged, and the manner and terms of settlementB 10. When work to be

34、done and costs to be incurred on a long-term contract can be estimated dependably, which of the following methods of revenue recognition is preferable?a. Installment-sales methodb Percentage-of-completion methodc. Completed-contract methodd None of theseB 12. In accounting for a long-term constructi

35、on-type contract using the percentage-of-completion method, the gross profit recognized during the first year would be the estimated total gross profit from the contract, multiplied by the percentage of the costs incurred during the year to the a. total costs incurred to date b total estimated costc

36、. unbilled portion of the contract price d total contract price考点十一：应税所得零碎所得B 3. Taxable income of a corporationa.differsfrom accounting income duetodifferencesinintraperiodallocation between the two methods of income determinationbdiffersfrom accounting income duetodifferencesininterperiodallocatio

37、n and permanent differences between the two methods of income determination.c. is based on generally accepted accounting principlesd is reported on the corporation's income statementC 4 Taxable income of a corporation differs from pretax financial income because ofPermanentTemporarya.NoNob.NoYes

38、CYesYesd.YesNoDifferencesDifferences考点十二：永久性差异D 9. Interperiod income tax allocation procedures are appropriate whena. an extraordinary loss will cause the amount of income tax expense to be less than the tax on ordinary net incomeb an extraordinary gain will cause the amount of income tax expense t

39、o be greater than the tax on ordinary net incomec. differences between net income for tax purposes and financial reporting occur because tax laws and financial accounting principles do not concur on the items to be recognized as revenue and expensed differences between net income for tax purposes an

40、d financial reporting occur because, even though financial accounting principles and tax laws concur on the item to be recognized as revenues and expenses, they don* t concur on the timing of the recognitionB 10. Interperiod tax allocation would not be required whena. costs are written off in the ye

41、ar of the expenditure for tax purposes but capitalized for accounting purposesb statutory (or percentage) depletion exceeds cost depletion for the periodc. different methods of revenue recognition arise for tax purposes and accounting purposes.d different depreciable lives are used for machinery for

42、 tax and accounting purposesC 11. Renner Corporation* s taxable income differed from its accounting income computed for this past year An item that would create a permanent difference in accounting and taxable incomes for Renner would bea. a balance in the Unearned Rent account at year endb using ac

43、celerated depreciation for tax purposes and straight-line depreciation for book purposesc. a fine resulting from violations of OSHA regulationsd making installment sales during the yearD 12. An example of a permanent difference isa. proceeds from life insurance on officersb interest expense on money

44、 borrowed to invest in municipal bondsc. insiErance expense for a life insurance policy on officersd all of these考点十三:会计变更政策B 1 Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accou

45、nting concept ofa. materialit y.b consistencyc. conservatismd objectivit y.B 2. Which of the following is not a change in accounting principle?a. A change from LIFO to FIFO for inventory valuationb Using a different method of depreciation for new plant assetsc. A change from full-cost to successful efforts in the extractive industry d A change from completed-contract to percentage-of-completionC 3. An example of a change i