【奥鹏】[南开大学]《会计专业英语》20春期末考核

1、【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 ()Ax when they are incurred, whether or not cash is paidBx when they are incurred and paid at the same timeC、 if they are paid before they are incurredD、 if they are paid after they are incurre

2、d正确答案:A第 2 题,Notes may be issued ()Ax when assets are purchasedB、 to creditor's to temporarily satisfy an account payable created earlierC、 when borrowing moneyD、 all of the above正确答案:D第 3 题,A capital expenditure results in a debit to ( )Ax an expense accountBx a capital accountC、 a liability ac

3、countD、 an asset account正确答案:D第 4 题,Which of the following should not be considered cash by an accountant?Ax coinsBx bank checking accountsC、 postage stampsD、 Petty cash funds正确答案:C第 5 题,Current liabilities are( )A、 due, but not receivable for more than one yearBx due, but not payable for more than

4、one yearCx due and receivable within one yearD、 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) ( ) Ax discountBx incomeC、 deficitD、 premium 正确答案:D第 7 题,All of the following below are needed for the calculation of depreciation except ()A、

5、costBx residual valueCx estimated lifeD、 book value正确答案:D第 8 题，In the accounting cycle, the last step is ( )Ax preparing the financial statementsBx journalizing and posting the adjusting entriesC、 preparing a post-closing trial balanceD、 journalizing and posting the closing entries 正确答案:C第 9 题,Stock

6、holders' equity ()Ax is usually equal to cash on handB、 includes paid-in capital and liabilitiesC、 includes retained earnings and paid-in capitalD、 is shown on the income statement 正确答案:C第 10 题，Financial reports are used by ()Ax managementBx creditorsCx investorsD、 all of the above正确答案:D第 11 题，W

7、hich of the following financial statements reports information as of a specific date?A、 income statementB、statement of owner's equityC、 statement of cash flowsD、 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 in

8、vestment. High Corporation reported a S10, 000 net loss. Low Corporation, s entry would include a ( )Ax Debit to the investment account for $10,000Bx Debit to the investment account for $4,000C、 Credit to the investment account for $4,000D、 Debit to a loss account for $4,000 正确答案:c第 13 题，The two met

9、hods of accounting for investments in stock are the cost method and the ()Ax straight-line methodBx equity methodC、 liability methodD、 interest method正确答案:B第 14 题，Expenses are reported on the( )Ax income statementB、statement of owner's equityC、 statement of cash flowsD、 balance sheet正确答案:A第 15 题

10、，The cost method of accounting for stock( )Ax recognizes dividends as incomeBx is only appropriate as part of a consolidationC、 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 1

11、6 题,Current liabilities include( )Ax accounts payableBx short-term notes payableC、 wages payableD、 taxes payableE、 bonds payable 正确答案:A, B, C,D第 17 题，Which of the following should be considered cash by an accountant?Ax coinsBx bank checking accountsC、 postage stampsD、 Petty cash fundsEx I0U (I owe y

12、ou)正确答案:A, B, D第 18 题，Trade Discounts ()A、 reductions from the list priceB、 not recognized in the accounting recordsC、 customers are billed net of discountsD、 gross method vs. net methodEx same as cash discount正确答案:A, B, C第 19 题,Accrual Basis of Accounting ()Ax revenue reported when earnedBx revenue

13、 reported when cash is receivedC、 expense reported when incurredD、 properly matches revenues and expenses in determining net incomeE、 requires adjusting entries at end of period正确答案:A,C,D,E第 20 题,The term "inventory" indicates ( )Ax merchandise held for sale in the normal course of busines

14、sBx materials in the process of production or held for productionC、 suppliesD、 fixed assetsEx patents止确答案:A, B第 21 题,Accruals fall into two categories, they are ()Ax prepaid expenseBx unearned revenueC、 accrued expensesD、 accrued revenuesEx deferred revenue正确答案:C,D第 22 题，Merchandise inventory at the

15、 end of the year is overstated. Which of the following statements correctly states the effect of the error?Ax cost of merchandise sold is overstatedBx owner' s equity is overstatedC、 net income is understatedD、 gross profit is understatedEx net income is overstated正确答案:B,E第 23 题，Notes may be iss

16、ued ()Ax when fixed assets are purchasedBx to creditor's to temporarily satisfy an account payable created earlierC、 when available-for-sale securities are soldD、 when borrowing moneyEx pay cash dividends正确答案:A, B, D第 24 题,Current assets include ()Ax intangible assetsBx cashC、 receivablesD、 shor

17、t-term investmentsEx inventoriesF、 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 capitalBx reduce the market price of the stock per shareC、 reduce earnings per shareD、 to increase the number of shares outstandingEx increase the mark

18、et activity of the shares正确答案:B,C,D,E第 26 题，The double-entry accounting system records each transaction twice.T、对F、错 正确答案:F第 27 题，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、正确正确答案:A

19、第 28 题，If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.T、对F、错正确答案:T第 29 题，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.T、对F、错正确答案:F第 30 题，

20、An income statement is a summary of the revenues and expenses of a business as of a specific date.T、对F、错正确答案:F第 31 题，When a stock dividend is declared, it becomes a liabilityT、对F、错正确答案:F第 32 题，Intangible assets differ from property, plant and equipment assets in that they lack physical substance.A、错误B、正确正确答案:B第 33 题，The difference between Accounts Receivable and its contra asset account is called net realizab