财务相关英文考试

财务相关英文考试1．Whichofthefollowingstatementsisfalse?A．Accountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakers.B．Financialstatementsreportfinancialinformationaboutabusinessentitytodecisionmakers.C．Ownersofacorporationarepersonallyliableforthedebtsofthecorporation.D．Thepurposeoffinancialaccountingistoprovideinformationtopeopleoutsideoftheentity,suchasinvestorsandcreditors.2．Wilburownsandoperatesafishingtackleshop.Wilburneedstoborrowmoneytoexpand;therefore,hepreparedfinancialstatementstopresenttohisbanker.Wilburobtainedappraisalsofalltheassetsofthebusinesstoensurethatthebalancesheetwouldreflectthemostcurrentvalueoftheassets.Wilburhasviolatedwhichofthefollowingprinciplesorconcepts?ReliabilityprincipleB．CostprincipleC．Going-concernprincipleStable-monetary-unitconcept3．Whichofthefollowingistrue?Owners'Equity－Assets＝LiabilitiesB．Assets－Owners'Equity＝LiabilitiesC．Assets＋Liabilities＝Owners'EquityLiabilities＝Owners'Equity＋Assets4．G.HarrisonIncexperiencedadecreaseintotalassetsof$2,000duringthecurrentyear.Duringthesameyear,totalliabilitiesdecreased$6,000.Ifdividendsfortheyearwere$10,000andtheownersmadenoadditionalinvestment,howmuchwasnetincome?$14,000B．$6,000C．$18,000$2,0005．Whichofthefollowingstatementsistrue?Theincomestatementreportsallchangesinassets,liabilities,andstockholders'equityofthebusinessduringtheperiod.B．Revenuesandexpensesarereportedonlyonthebalancesheet.C．Thestatementofcashflowsreportscashflowsfromthreetypesofbusinessactivities——cashreceipts,cashpayments,andinvesting.Onthestatementofretainedearnings,thenetincomefortheperiodisaddedtothebeginningbalanceofretainedearnings.6．Whichofthefollowingstatementsisnottrue?A．Investingactivitiesrelatetotheinvestmentbyownersintothebusiness.B．Payingdividendsisanexampleofafinancingactivity.C．Operatingactivitiesarethemostimportanttypeofbusinessactivity.D．Managersmustmakedecisionsaboutoperating,investing,andfinancingactivities.7．Onwhichfinancialstatementcantheendingbalanceinretainedearningsbefound?BalancesheetB．IncomestatementC．StatementofretainedearningsBothAandC8．Whichoftheseisanexampleofanassetaccount?ServiceRevenueB．DividendsC．SuppliesAlloftheaboveareassets9．DobsonCompanypaid$1,200onaccount.TheeffectofthistransactiononDobson'saccountingequationistdecreaseliabilitiesandincreasestockholders’equity.B．decreaseassetsanddecreaseliabilities.C．havenoeffectontotalassets.decreaseassetsanddecreasestockholders'equity.10．Whichofthesestatementsisfalse?Decreasesinliabilitiesandincreasesinrevenuesarerecordedwithacredit.B．Decreasesinassetsandincreasesinstockholders'equityarerec