国际会计（双语）-基于IASIFRS智慧树知到课后章节答案2023年下山东外事职业大学

国际会计（双语）——基于IAS&IFRS智慧树知到课后章节答案2023年下山东外事职业大学山东外事职业大学

第一章测试

AcompanyentersintothefollowingtransactionsforthemonthofMay20X1.

•Purchasedgoods$3,800oncreditfromsupplier.

•Boughtfixtures$1,500forcash.

•Paid$20insundryexpenses.

•Soldgoodstoacustomer,received$8,000forcash.

•Receivesabankloanof$5,000.

•Paysthemonth'swagesby$800forcash.

WhatisthetotalentrytothecreditsideofthecashTaccount?（）

A:$6,120.B:$10,320.C:$2,320.D:$2,300.

答案:$2,320.

Abusinesshascapitalof$20,000.Whichofthefollowingassetandliabilityfigurescouldappearinthestatementoffinancialpositionprobably?（）

A:Assets($)8,000Liability($)2,000B:Assets($)28,000Liability($)8,000C:Assets($)8,000Liability($)28,000D:Assets($)10,000Liability($)10,000

答案:Assets($)28,000Liability($)8,000

Whichofthefollowingstatementsconcerningadebitentryisincorrect?（）

A:Debitentriesrecordincreaseinincome.B:Debitentriesrecordincreaseinexpenses.C:Debitentriesrecordincreaseinasset.D:Debitentriesrecorddecreaseincapitalorliabilities.

答案:Debitentriesrecordincreaseinincome.

Whichofthefollowingstatementsaboutaccountingconceptsarecorrect?（）

A:Thesubstanceoverformconventionisthat,transactionsshouldbeaccountedforinaccordingtoitslegalform,noteconomicreality.B:Neutralityandgoingconcernarethetwounderlyingassumptionsinpreparingfinancialstatement.C:Theprudenceconceptmeansthatunderstatingofassetsandoverstatingofliabilitiesisdesirable.D:IASBistryingtoestablishgreaterglobaluniformitywiththeaccountingprinciples.

答案:IASBistryingtoestablishgreaterglobaluniformitywiththeaccountingprinciples.

Whichofthefollowingitemisnotanassetofabusiness?（）

A:Property.B:Bankoverdraft.C:Receivable.D:Inventory.

答案:Bankoverdraft.

第二章测试

Helenreceivesachequefromhersister.WhattermdescribesHelen'sroleinthistransaction?（）

A:Drawer.B:Payer.C:Drawee.D:Payee.

答案:Payee.

Chrispayshermortgagebyinstructingherbanktomakemonthlypaymentofafixedamountfromhercurrentaccount.WhichofthefollowingmethodofpaymentisappropriatetoChris?（）

A:Bankdraft.B:Cheque.C:Directdebit.D:Standingorder.

答案:Standingorder.

Theamountofmoneythatapersonownedonastorecreditcardispaid

automaticallyanddirectlytothestoreoutoftheperson'sbankaccountmonthlyonacertaindate.Themoneythepersonspentonthestorechangedtohisneedmonthly.Thisisanexampleof.（）

A:standingorderB:creditcardC:directdebitD:cheque

答案:directdebit

Acreditnotemaybeissuedexcept.（）

A:damagedgoodsweresenttothebuyerB:thesellreceivedgoodsreturnedfromcustomersC:discountisallowedtothebuyerD:thesellerhadunderstatedtheamountpayableonaninvoice

答案:thesellerhadunderstatedtheamountpayableonaninvoice

第三章测试

Whichofthefollowingstatementisnotcorrect?（）

A:Ifthetotaldebitsinanaccountexceedthetotalcredits,willtherebeadebitbalanceoftheaccount.B:Receivablecontrolaccountformpartofthedoubleentrysystem.C:Receivableledgeraccountformpartofthedoubleentrysystem.D:Totalreceivableaccountformpartofthedoubleentrysystem.

答案:Receivableledgeraccountformpartofthedoubleentrysystem.

Theprofitandlossaccountisalsoknownasthe.（）

A:statementoffinancialpositionB:cashflowstatementC:tradingaccountD:incomeandexpenseaccount

答案:incomeandexpenseaccount

Whichofthefollowingwouldbeusedasasourcedocumentforapettycashbook?（）

A:Cheque.B:Debitnotefromtheinsurancecompany.C:Billforpurchaseofstampsandpencils.D:Directdebitinstruction.

答案:Billforpurchaseofstampsandpencils.

Inareceivableledgercontrolaccount,whichofthefollowinglistiscomposedofitemswhichwouldappearonthecreditsideoftheaccount?（）

A:Cashreceivedfromcustomersandsalesreturns.B:ashreceivedfromcustomersanddiscountreceived.C:Sales,cashreturnedtocustomersanddiscountreceived.D:Sales,cashreturnedtocustomersanddiscountsallowed.

答案:Cashreceivedfromcustomersandsalesreturns.

ThefollowingentriesappearinacashaccountinMarch.Paymentsbycustomer$15,000,rentsreceived$250,insurancepaid$150,drawings$700,capitalpaidin$2,000.Thebalanceb/don1Marchwas$3,000(inhand).Whatistheclosingbalanceat31March.（）

A:$22,400.B:$19,400.C:$11,400.D:$16,800.

答案:$19,400.

Cashisshownonabalancesheetasa（）.

A:currentassetB:long-termassetC:long-terminvestmentD:liability

答案:currentasset

InventoryisvaluedusingFIFOmethod.Openinginventorywas10unitsat$5

each.Purchaseswere30unitsat$6each,thenissuesof25unitsweremade,followedbyissuesof10units.Whatisclosinginventoryvaluedat?（）

A:$65.B:$50.C:$30.D:$35.

答案:$30.

Whichofthefollowingitemsshouldappearonthedebitsideofbankaccount?（）

A:Cash/chequepaidtosupplier.B:Drawings.C:Expenseandotherpayment.D:Proceedsfromotheritems.

答案:Proceedsfromotheritems.

Inventoryisclassifiedasa（）.

A:currentliabilityonthestatementoffinancialpositionB:fixedassetonthestatementoffinancialpositionC:currentassetonthestatementoffinancialpositionD:aseitheraninvestmentoracurrentassetonthestatementoffinancialposition

答案:currentassetonthestatementoffinancialposition

Ccompanyhasclosinginventoryof$2,600at30June20X1.closinginventorybeaccountedfor?（）

A:Debitincomestatement$2,600,Creditinventory$2,600.B:Debitstatementoffinancialposition$2,600,CreditinventoryC:Debitinventory$2,600,Creditincomestatement$2,600.D:Debitinventory$2,600,Creditstatementoffinancialposition

答案:Debitinventory$2,600,Creditincomestatement$2,600.

第四章测试

Whichofthefollowingisanitemofcapitalexpenditure?（）

A:Costofgoodssold.B:Repairstoamachine.C:Rentexpenditure.D:Purchaseofamotorvehicle.

答案:Purchaseofamotorvehicle.

Whichofthefollowingstatementsregardingnon-currentassetaccountingiscorrect?（）

A:Allnon-currentassetsshouldberevaluedeachyear.B:Non-currentassetsshouldberevaluedtoreflectrisingprices.C:Revaluedamountisthefairvalueatthedateoftherevaluation.D:Non-currentassetsmayberevaluedatthediscretionofmanagement.Oncerevaluationhasoccurreditmustberepeatedregularlyforallnon-currentassetsinaclass.

答案:Non-currentassetsmayberevaluedatthediscretionofmanagement.Oncerevaluationhasoccurreditmustberepeatedregularlyforallnon-currentassetsinaclass.

Whichofthefollowingstatementsregardingdepreciationiscorrect?（）

A:Units-of-productionmethodisusuallythemostappropriatemethodofdepreciation.B:Allnon-currentassetsmustbedepreciated.C:Depreciationchargesmustbebaseduponthecarryingvalueofanasset(lessresidualvalueifappropriate).D:Achangeinthechosendepreciationmethodisachangeinaccountingpolicywhichshouldbedisclosed.

答案:Depreciationchargesmustbebaseduponthecarryingvalueofanasset(lessresidualvalueifappropriate).

Anon-currentasset(cost$15,000,depreciation$10,000)isgiveninpart

exchangeforanewasset.Theagreedtrade-invaluewas$3,500.Theincomestatementwillinclude?（）

A:Alossondisposal$1,500.B:Alossonpurchaseofanewasset$3,500.C:Aprofitondisposal$1,500.D:Aprofitondisposal$3,500.

答案:Alossondisposal$1,500.

Thefinancialstatementthatreportsgains(losses)onthesaleofPPEis

the.（）

A:StatementofcashflowB:IncomestatementC:BalancesheetD:Statementoffinancialposition

答案:Incomestatement

Acompanypurchasedsomeplantandequipmenton1July20X1for$40,000.

Theestimatedscrapvalueoftheplantintenyearsisestimatedtobe$4,000.Thecompany'spolicyistochargedepreciationonthestraightlinebasis.Whatshouldthedepreciationchargefortheplantbeintheaccountingperiodoftwelvemonthsto30September20X1?（）

A:$600.B:$675.C:$900.D:$720.

答案:$900.

Acompanyisrecordingtheinvoiceforthepurchaseofanewnon-currentasset.Aswellasthebasiccostoftheasset,theinvoiceshowsthefollowingitems:

Delivery

Installation

Maintenance

Whichofthecostsshouldbetreatedasrevenueexpenditure?（）

A:Deliveryonly.B:Maintenanceonly.C:InstallationonlyD:Allofthecosts.

答案:Maintenanceonly.

ACompanyhasdevelopmentexpenditureof$500,000.Itspolicyistoamortizedevelopmentexpenditureat2%perannum.Accumulatedamortisationbroughtdownis$2,000.Whatisthechargeintheincomestatementfortheyear'samortisation?（）

A:$8,000.B:$2,000.C:$10,000.D:$12,000.

答案:$10,000.

Acompanyhasamachinewithpresentvalueoftheestimatedcashflowsof$300,000.Thecompanyhasreceivedanofferforthemachinefor$280,000fromCompanyinthesameindustry.Whatistheimpairmentlossshouldbeifthecarryingvalueofthemachineis$330,000?（）

A:$20,000.B:$40,000.C:$30,000.D:$10,000.

答案:$30,000.

第五章测试

LIXINCompanypurchasesadebtinstrumentfor$2,000on1January,20X1.Assumetheeffectiverateis10%andtheinterestactuallyreceivedeachyearis$120.Whichofthefollowingshouldbethecorrectamountofamortisedcostofthedebtinstrumentattheendofyear20X1?（）

A:$2,168.B:$2,000.C:$2,080.D:$1,920.

答案:$2,080.

Typicalliabilityaccountsinclude.（）

A:accountspayable,loannotes,bankoverdraft,andwagespayableB:accountsreceivable,bankoverdraft,wagespayable,unearnedrevenueC:accountspayable,bankloan,wagespayable,drawingsD:accountspayable,bankoverdraft,wagespayable,stationery

答案:accountspayable,loannotes,bankoverdraft,andwagespayable

Abusinesspurchasedequipmentbyissuingaone-yearnotepayable.Theentireamountofthenoteisdueattheendofoneyear.Recordingthetransactionrequires（）

A:aliabilitytobedebited,anassettobecreditedB:anassettobedebited,aliabilitytobecreditedC:anassettobedebited,long-termliabilitytobecreditedD:withdrawalstobedebited,anassettobecredited

答案:anassettobedebited,aliabilitytobecredited

Acompanyborrows$88,500onSeptember1,20X0fromthebankbysigningan￥88,500,6%note,dueSeptember120X1.WhatistheaccruedinterestonDecember31,20x0.（）

A:$5,540B:$1,328C:$1,770D:$1,760

答案:$1,770

Iftheamountoftaxchargeislowerfollowingistheappropriatejournalentry?

A:DEBITTaxpayable(statementoffinancialposition)

CREDITDeferredtax(statementoffinancialposition)

Taxcharge(statementofcomprehensiveincome)

B:DEBITTaxcharge(statementofcomprehensiveincome)

Deferredtax(statementofcomprehensiveincome)

CREDITTaxpayable(statementoffinancialposition)

C:DEBITTaxcharge(statementofcomprehensiveincome)

CREDITTaxpayable(statementoffinancialposition)

Deferredtax(statementoffinancialposition)

D:DEBITTaxcharge(statementofcomprehensiveincome)

Deferredtax(statementoffinancialposition)

CREDITTaxpayable(statementoffinancialposition)

答案:DEBITTaxcharge(statementofcomprehensiveincome)

Deferredtax(statementoffinancialposition)

CREDITTaxpayable(statementoffinancialposition)

Acompanypublishesamagazineon1Julyandannualsubscriptionistotalled$120,000.Themoneyhasbeenreceivedandisnon-refundable.Thefinancialyearendofthecompanyis31December.Howmuchrevenuethepublishershouldberecognisedinrespectoftheannualsubscriptions?（）

A:$50,000.B:$120,000.C:$60,000.D:$100,000.

答案:$60,000.

On1May,20X1,Acompanypaysarentbillof$1,800fortheperiodto31April

20X2.Whatarethechargetotheprofitandlossaccountandtheentryinthestatementoffinancialpositionfortheyearended30November20X1?（）

A:$1,050chargetoprofitandlossaccountandaccrualof$750inthestatementoffinancialpositionB:$750chargetoprofitandlossaccountandprepaymentof$1,050instatementoffinancialpositionC:$1,050chargetoprofitandlossaccountandprepaymentof$750inthestatementoffinancialpositionD:$1,800chargetoprofitandlossaccountandnoentryinthestatementoffinancialposition

答案:$1,050chargetoprofitandlossaccountandprepaymentof$750inthestatementoffinancialposition

第六章测试

Whichofthefollowingitemdoesnotbelongtoshareholder'sequity?（）

A:Revaluationsurplus.B:Loannotes.C:Reserves.D:Capitalpaid-ininexcessofparvalue(sharepremium).

答案:Loannotes.

A10%$1preferencesharecarriesarighttoanannualdividendof.（）

A:8cB:10cC:$1D:1c

答案:10c

IfAcompanyissues5,000$1ordinarysharesat$3each,theamountofshare

premiumaccountwillbe（）.

A:$15,000B:$20,000C:$10,000D:$5,000

答案:$10,000

Whichofthefollowingitemsisdistributable?（）

A:Sharepremium.B:Retainedearning.C:Revaluationsurplus.D:Non-statutoryreserves.

答案:Non-statutoryreserves.

Supposeacompany'sissuedsharecapitalconsistsof500,000$1ordinaryshareswhichwereissuedatapremiumof10cpershare,ifthemanagerswishtopayadividendof10%,whattheamountoftotaldividends?（）

A:$50,000.B:$10,000.C:$1,000.D:$15,000.

答案:$50,000.

第七章测试

Whichofthefollowingisthecorrectjournalentryforsalesofgoodsoncredit?

A:DEBITCash(statementoffinancialposition)

CREDITSales(statementofcomprehensiveincome)

B:

DEBITTradereceivables(statementoffinancialposition)

CREDIT