financial accounting知到智慧树章节测试课后答案2024年秋德州学院

financialaccounting知到智慧树章节测试课后答案2024年秋德州学院第一章单元测试

TheequationfortheStatementofCashFlowsis（）。

A:Netcashflowfrom(OperatingActivities–InvestingActivities+FinancingActivities)+EndingCashbalance=BeginningCashbalance

B:Netcashflowfrom(OperatingActivities+InvestingActivities+FinancingActivities)–BeginningCashbalance=EndingCashbalance

C:Netcashflowfrom(OperatingActivities+or-InvestingActivities+or–FinancingActivities)+BeginningCashbalance=EndingCashbalance

D:Netcashflowfrom(OperatingActivities–InvestingActivities–FinancingActivities)+BeginningCashbalance=EndingCashbalance

答案:Netcashflowfrom(OperatingActivities+or-InvestingActivities+or–FinancingActivities)+BeginningCashbalance=EndingCashbalance

Whichitemisanasset?（）。

A:AccountsReceivable

B:Long-TermDebt

C:AccountsPayable

D:NotesPayable

答案:AccountsReceivable

Iftotalliabilitiesdecreasedby$75,000andtotalassetsdecreasedby$90,000duringthesameaccountingtimeperiod,whathappenedtototalowners’equityduringthisperiod?（）。

A:$15,000increase

B:$15,000decrease

C:$90,000decrease

D:$90,000increase

答案:$15,000decrease

Assuminganentitywillcontinuetooperatelongenoughtosellitsinventoriesandconvertanyreceivablestocashis（）。

A:Historicalcostprinciple.

B:Entityassumption.

C:Stable-monetary-unitassumption.

D:Continuity(going-concern)assumption.

答案:Continuity(going-concern)assumption.

Whichfinancialstatementreportsnetincomeanddividends?（）。

A:StatementofRetainedEarnings

B:BalanceSheet

C:IncomeStatement

D:StatementofCashFlows

答案:StatementofRetainedEarnings

The______statesthatassetsshouldberecordedattheiractualcost.（）。

A:Entityassumption

B:Historicalcostprinciple

C:Continuity(going-concern)assumption

D:Stable-monetary-unitassumption

答案:Historicalcostprinciple

Whichfinancialstatementreportsrevenuesandexpenses?（）。

A:BalanceSheet

B:StatementofCashFlows

C:StatementofRetainedEarnings

D:IncomeStatement

答案:IncomeStatement

Mr.RonaldSmithistheownerofasmallbusiness.Hehasdecidedtosavemoneyduringhisinitialyearsofoperationbynothiringaprofessionalaccountant.Hemakesinflationadjustmentstoaccountinginformationtomakeitcomparableovertime.Whichaccountingprinciple,concept,orassumptiondoesthisviolate?（）。

A:Entityassumption

B:Historicalcostprinciple

C:Stable-monetary-unitassumption

D:Continuity(going-concern)assumption

答案:Stable-monetary-unitassumption

（）。

A:$100,000.00

B:$338,000.00

C:$213,000.00

D:$278,000.00

答案:$213,000.00

（）。

A:$120,000.00

B:$150,000.00

C:$127,000.00

D:$263,000.00

答案:$127,000.00

第二章单元测试

Thejournalis:（）。

A:Alistingofallaccountsusedtorecordthebusinesstransactions.

B:Alistingofallopenaccountsandtheirbalances.

C:Achronologicalrecordoftransactions.

D:Notnecessarytorecordtransactions.

答案:Achronologicalrecordoftransactions.

Whichofthefollowingaccountsisdecreasedwithadebit?（）。

A:Equipment

B:AccountsPayable

C:Cash

D:PayrollExpense

答案:AccountsPayable

Whichofthefollowingaccountsisdecreasedwithacredit?（）。

A:AccountsPayable

B:RentRevenue

C:ServiceRevenue

D:AccountsReceivable

答案:AccountsReceivable

TheXYZCompanyreceived$1,000foracustomeronaccount.Theentrytorecordthistransactionis:（）。

A:

B:

C:

D:

答案:

Theledgeris:（）。

A:AgroupingofallT-accounts,withtheirbalances.

B:Aneventthathasaneconomicimpactonthebusiness.

C:Alwaysexpectedtohaveadebitbalance.

D:other

threechoicesarenottrue.

答案:AgroupingofallT-accounts,withtheirbalances.

Atrialbalance:（）。

A:Requiresthateverytransactionaffectatleasttwoaccounts.

B:Listsallaccountswiththeirbalances.

C:other

threechoicesarenottrue.D:Mandatesthatthedollarsumofthedebitsequalthatofthecreditsforeachtransaction.

答案:Listsallaccountswiththeirbalances.

Whenacompanysellsmerchandise,butthecustomerdoesnotpayitimmediately,itshould:（）。

A:CreditAccountsPayable.

B:DebitAccountsReceivable.

C:CreditAccountsReceivable.

D:Makenoentry.

答案:DebitAccountsReceivable.

Anexpense:（）。

A:Istheincreaseinstockholders’equityasaresultofprovidinggoodsorservices.

B:Isthedecreaseinstockholders’equityasaresultofprovidinggoodsorservices.

C:Isthedecreaseinliabilitiesasaresultofprovidinggoodsorservices.

D:Hasthesamenormalbalanceasliabilities.

答案:Isthedecreaseinstockholders’equityasaresultofprovidinggoodsorservices.

Eachofthefollowingisrevenueexcept:（）。

A:Dividends

B:ServiceRevenue

C:LegalFeesEarned

D:SalesRevenue

答案:Dividends

Inanalyzingatransactionusingtheaccountingequation,whichaccountisincludedintheStockholders’Equitysection?（）。

A:AccountsPayable

B:Cash

C:Revenue

D:AccountsReceivable

答案:Revenue

第三章单元测试

Whichofthefollowingisacurrentliability?（）。

A:FurnitureandFixtures

B:Equipment

C:AccountsPayable

D:Inventory

答案:AccountsPayable

Adeferralis:（）。

A:anadjustmentforreceiptofcashinadvance

B:anadjustmentforpaymentofaniteminadvance

C:other

threechoices

arenot

true.D:bothanadjustmentforpaymentofaniteminadvanceandanadjustmentforreceiptofcashinadvance.

答案:bothanadjustmentforpaymentofaniteminadvanceandanadjustmentforreceiptofcashinadvance.Whichaccountneedsanadjustmentattheendoftheperiod?（）。

A:Land

B:Supplies

C:Cash

D:AccountsPayable

答案:Supplies

Thesuppliesaccounthasa$3,000beginningbalance.Suppliesintheamountof$5,000werepurchasedduringtheaccountingperiod.Anendinginventoryrevealeda$1,200balanceofsuppliesonhand.Theentrytoadjusttheaccountaccordinglyis:（）。

A:

B:

C:

D:

答案:

WhatistheaccountclassificationandnormalbalanceofPrepaidRent?（）。

A:Asset,debit

B:Contraasset,debit

C:Contraasset,credit

D:Asset,credit

答案:Asset,debit

Thecompanyreceives36000foralegalserviceofsix-monthsinadvanceonOctober1,2014.WhatistheentryfortheprepaymentonOctober1,2014?（）。

A:

B:

C:

D:

答案:

RefertoQuestion6.WhatistheentrytomakethenecessaryadjustmentonDecember31,2014?（）。

A:

B:

C:

D:

答案:

Whichassetdoesnotdepreciate?（）。

A:Furniture

B:Equipment

C:Land

D:Buildings

答案:Land

Whichofthefollowingisnotatemporaryaccount?（）。

A:Dividends

B:Expense

C:Revenue

D:CommonStock

答案:CommonStock

Inadheringtotheexpenserecognitionprinciple:（）。

A:bothexpensesarerecordedintheperiodtheyareactuallyusedandcurrentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincomearetrue.B:expensesarerecordedintheperiodtheyareactuallyused.

C:currentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincome.

D:expensesarerecognizedwhencashispaid.

答案:bothexpensesarerecordedintheperiodtheyareactuallyusedandcurrentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincomearetrue.

第四章单元测试

Whichofthefollowingisnotacomponentofinternalcontrol?（）。

A:Informationsystem

B:Complywithlegalrequirements

C:Monitoringofcontrols

D:Riskassessment

答案:Complywithlegalrequirements

Lappingis:（）。

A:fraudulentfinancialreporting

B:misappropriationofassets

C:bothmisappropriationofassetsandatypeoffraudD:atypeoffraud

答案:bothmisappropriationofassetsandatypeoffraudWhichofthefollowingisNOTanelementofthefraudtriangle?（）。

A:Ethics

B:Rationalization

C:Opportunity

D:Motive

答案:Ethics

WhichofthefollowingisNOTadocumentusedtocontrolabankaccount?（）。

A:Check

B:Depositticket

C:Signaturecard

D:Receipt

答案:Receipt

Thebooksideofabankreconciliationwillincludewhichofthefollowing?（）。

A:Electronicfundstransfers(EFT)

B:Outstandingchecks

C:Bankerrors

D:Depositsintransit

答案:Electronicfundstransfers(EFT)

TheSingletaryCorporationhadabeginningcashbalanceof$7,050duringthemonthofMarch.Thiscompanyisexpectedtocollect$4,500fromitsoutstandingaccountsreceivable.TheprojectedcashsalesforMarchare$9,000.Theoutstandingaccountspayablebalanceis$10,000,ofwhich30%istobepaidduringMarch.OperatingexpensesthataretobepaidduringMarchareprojectedtobe$12,000.IfpreparingacashbudgetforthemonthofMarch,whatistheendingcashbalance?（）。

A:11550

B:1550

C:5550

D:-1450

答案:5550

Usethefollowingoptiontoindicatewheretheitemsdescribedinquestions7wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

Outstandingchecksamountto$2,640asoftheendofSeptember.（）。

A:Addtothebankstatementbalance

B:Addtothebookbalance

C:Doesnotappearonthebankreconciliation

D:Deductfromthebookbalance

E:Deductfromthebankstatementbalance

答案:Deductfromthebankstatementbalance

Usethefollowingoptiontoindicatewheretheitemsdescribedinquestions8wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

TheSeptemberbankstatementreports$17ofinterestearned.（）。

A:Doesnotappearonthebankreconciliation

B:Addtothebookbalance

C:Addtothebankstatementbalance

D:Deductfromthebookbalance

E:Deductfromthebankstatementbalance

答案:Addtothebookbalance

Usethefollowingoptiontoindicatewheretheitemsdescribedinquestions9wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

Depositsintransittotal$5,600.（）。

A:Addtothebookbalance

B:Addtothebankstatementbalance

C:Deductfromthebookbalance

D:Doesnotappearonthebankreconciliation

E:Deductfromthebankstatementbalance

答案:Addtothebankstatementbalance

Usethefollowingoptiontoindicatewheretheitemsdescribedinquestions10wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

AnNSFcheckfromacustomerfor$800appearsontheSeptemberbankstatement.（）。

A:Doesnotappearonthebankreconciliation

B:Deductfromthebookbalance

C:Deductfromthebankstatementbalance

D:Addtothebookbalance

E:Addtothebankstatementbalance

答案:Deductfromthebookbalance

第五章单元测试

OnSeptember5,theXYZCo.madea$2,500creditsale,duein30days.OnOctober1,thecustomerrequestedandwasgrantedanextensiononthepayment.Thecustomerwasrequiredtosigna60-day,5%noteonthedayoftheextension.Paymentwasmadeonthematuritydateofthenote.

WhatistheentryonSeptember5torecordthecreditsale?（）。

A:

B:

C:

D:

答案:

RefertoQuestion1.Whatisthematurityvalueofthenote?(Roundtotheclosestdollar)（）。

A:$2,625.00

B:$2,479.00

C:$2,500.00

D:$2,521.00

答案:$2,521.00

RefertoQuestion1.WhatistheentrytorecordtheextensiononOctober1?（）。

A:

B:

C:

D:

答案:

RefertoQuestion1.Whatisthematuritydateofthenote?（）。

A:December1

B:November29

C:November30

D:November4

答案:November30

AccordingtoQuestion1,Whatistheentrytorecordreceiptofthepayment,onthematuritydateofthenote?（）。

A:

B:

C:

D:

答案:

Whenanaccountsreceivableaccounthasbeendeterminedtobeuncollectibletheentrytorecordthewriteoffusingtheallowancemethodwouldinclude:（）。

A:AdebittoAccountsReceivable.

B:AcredittoNotesReceivable.

C:AdebittoAllowanceforUncollectibleAccounts.

D:AdebittoUncollectibleAccountExpense.

答案:AdebittoAllowanceforUncollectibleAccounts.

Whichofthefollowingaboutfactoringareceivableisfalse?（）。

A:Factoringisoftenexpensivecomparedtothecostsofretainingthereceivableonthebooks.

B:Thesellerlosescontroloverthecollectionprocess.

C:Thesellerreceivesthefullvalueoftheaccountsreceivable.

D:Thesellerreceivestheamountofthereceivablelessthefinancingexpenseschargedbythefinancialinstitution.

答案:Thesellerreceivesthefullvalueoftheaccountsreceivable.

Available-for-salesecuritiesarereportedonthebalancesheetat:（）。

A:Historicalcost.

B:other

threechoicesarenot

true.

C:Fairvalue.

D:Amortizedcost.

答案:Fairvalue.

Anunrealizedgainoccurs:（）。

A:Ifthesalespriceisgreaterthantheinvestmentcarryingamount.

B:other

three

choicesarenot

true.

C:Ifthefairvalueoftheinvestmentislessthanthecurrentrecordedvalue.

D:Ifthefairvalueoftheinvestmentisgreaterthanthecurrentrecordedvalue.

答案:Ifthefairvalueoftheinvestmentisgreaterthanthecurrentrecordedvalue.

Whichmethodofwritingoffanuncollectibleaccountdoesnotviolatetheexpenserecognitionprinciple?（）。

A:NeitherDirectwrite-offmethodorAllowancemethodB:Allowancemethod

C:Directwrite-offmethod

D:BothDirectwrite-offmethodandAllowancemethod

答案:Allowancemethod

第六章单元测试

Theexcessofsalesrevenueovercostofgoodssoldis:（）。

A:beginninginventory.

B:grossprofit.

C:endinginventory.

D:costofgoodssold.

答案:grossprofit.

Theperpetualinventorysystem:（）。

A:otherthreechoicesaretrue.B:requiresanannualcountofinventoryonhand.

C:isusedbymostbusinesses.

D:keepsacontinuousrecordforeachinventoryitem.

答案:otherthreechoicesaretrue.Costofgoodssold:（）。

A:isthenumberofunitsofinventorypurchasedmultipliedbycostperunitofinventory.

B:willbethesameamountwhenusingLIFOorFIFO,duringaperiodofrisingprices.

C:isthenumberofunitsofinventorysoldmultipliedbycostperunitofinventory.

D:willalwaysbelowerwhenusingLIFOratherthanFIFO,duringaperiodofrisingprices

答案:isthenumberofunitsofinventorysoldmultipliedbycostperunitofinventory.

Merchandiseinventory:（）。

A:isanexpenseontheincomestatement

B:bothisthecostofinventorythathasbeensoldandisanexpenseontheincomestatementC:isthecostofinventorythathasbeensold

D:neitheristhecostofinventorythathasbeensoldorisanexpenseontheincomestatement

答案:neitheristhecostofinventorythathasbeensoldorisanexpenseontheincomestatement（）。

A:$28.70

B:$27.33

C:$25.00

D:$22.00

答案:$28.70

RefertoQuestion5.Usingtheaveragecostmethod,whatisthecostofgoodssold?（）。

A:$2,049.75

B:$2,152.50

C:$717.50

D:$1,875.00

答案:$2,152.50

RefertoQuestion5.Whatvalueisassignedtotheendinginventory,ifusingFIFO?（）。

A:$595.00

B:$625.00

C:$875.00

D:$550.00

答案:$875.00

（）。

A:$20,000

B:$35,000

C:$75,000

D:$55,000

答案:$35,000

RefertoQuestion8.Whatisthegrossprofitforthiscompany?（）。

A:$182,000

B:$35,000

C:$162,000

D:$197,000

答案:$182,000

Inventoryturnover:（）。

A:otherthreechoices

arenottrue.B:indicateshowrapidlyinventoryissold.

C:istheratioofcostofgoodssoldtoaverageinventory.

D:bothindicateshowrapidlyinventoryissoldandistheratioofcostofgoodssoldtoaverageinventory

答案:bothindicateshowrapidlyinventoryissoldandistheratioofcostofgoodssoldtoaverageinventory

第七章单元测试

"Case7-1:UsetheinformationbelowtoanswerQuestions1-6.

Abusinesspurchasedanassetthathadatotalcostof$110,000andaresidualvalueof$10,000.Theassetisexpectedtoservicethebusinessforaperiodof10yearsorproduceatotalof1,000,000units.ThemachinewaspurchasedJanuary1stofthecurrentyearandhasbeeninserviceonecompleteyear.

RefertoCase7-1.Whatisthedepreciablecostoftheasset?"（）。

A:$90,000

B:$110,000

C:$100,000

D:$120,000

答案:$100,000

RefertoCase7-1.Usingthestraight-linemethod,whatistheamountofdepreciationexpenseinYeartwooftheasset’slife?（）。

A:$11,000

B:$12,000

C:$20,000

D:$10,000

答案:$10,000

RefertoCase7-1.Nowassumethebusinessusestheunits-of-productionmethod.Iftheassetproduces250,000unitsinYear1and200,000unitsinYeartwo,whatistheamountofdepreciationexpenseforYeartwo?（）。

A:$45,000

B:$20,000

C:$25,000

D:$22,000

答案:$20,000

RefertoCase7-1andQuestion3.WhatisthebookvalueoftheassetattheendofYeartwo,usingtheunits-of-productionmethod?（）。

A:$90,000

B:$65,000

C:$80,000

D:$60,500

答案:$65,000

RefertoCase7-1.WhatisthedepreciationexpenseinYearone,ifthedouble-declining-balancemethodisused?（）。

A:$11,000

B:$22,000

C:$10,000

D:$20,000

答案:$22,000

Theentrytorecordtheannualdepreciationdoesnotinclude:（）。

A:AcredittoAccumulatedDepreciation.

B:AdebittoAccumulatedDepreciation.

C:AdebittoDepreciationExpense.

D:otherthreechoicesarenottrue.

答案:AdebittoAccumulatedDepreciation.

Incalculatingthetotalcostofland,allcostsareincludedexcept:（）。

A:Surveyfees

B:Brokeragecommission.

C:Fencing

D:Purchaseprice.

答案:Fencing

Ifaplantassetissoldandagainisincurred,theentrytorecordthesalewouldincludeadebitto:（）。

A:PlantAsset.

B:SalesRevenue.

C:AccumulatedDepreciation.

D:GainonSaleofAsset.

答案:AccumulatedDepreciation.

Returnonassets:（）。

A:iscalculatedasnetincome/averagetotalassets.

B:measurestheamountofsalesdollarsgeneratedbyeachdollarofassetsinvestedinthebusiness.

C:iscalculatedasaveragetotalassets/netincome.

D:iscalculatedasnetincome/netsales.

答案:iscalculatedasnetincome/averagetotalassets.

WhichofthefollowingstatementsisTRUE?（）。

A:Allocatingthecostofanaturalresourcetoanexpenseiscalleddepreciation.

B:Intangibleassetsareamortized.

C:Allocatingthecostofaplantassetoveritsusefullifeiscalleddepletion

D:other

threechoices

aretrue.

答案:Intangibleassetsareamortized.

第八章单元测试

TheAshleyCorporationpurchased$600,000of4%,5-yearbondsat97onJanuary1,2014.InterestistobepaidsemiannuallyonJanuary1andJuly1.

Thisisaheld-to-maturityinvestment.

Thiscompanyusesthestraight-linemethodtoamortizeanypremiumsordiscounts.Whatwasthepurchasepriceofthesebonds?（）A.$600,000

A:$618,000B:

$600,000C:$582,000

D:

$540,000

答案:$582,000

RefertoQuestion1.WhatistheamountofInterestRevenuerecordedonJuly1,2014?（）

A:$24,000

B:$12,000

C:$10,200

D:$13,800

答案:$13,800

RefertoQuestion1.WhatisthecarryingamountofthebondonJuly1,2014?（）

A:$600,000

B:$583,800

C:$582,000

D:$580,200

答案:$583,800

Whichstatementregarding“available-for-saleinvestments”istrue?

（）

A:Availableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownership.

B:Ifthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestments.

C:BothAvailableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownershipandIfthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestmentsarenottrue.

D:BothAvailableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownershipandIfthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestmentsaretrue.

答案:Availableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownership.

Whenanavailableforsaleinvestmentissold:（）

A:arealizedgainorlosscannotberecorded.

B:theamountoftherealizedgainorlossisthedifferencebetweentheamountreceivedandthecostoftheinvestment.

C:arealizedgainorlossisreportedasanexpenseontheIncomeStatement.

D:otherthreechoices

occur.

答案:theamountoftherealizedgainorlossisthedifferencebetweentheamountreceivedandthecostoftheinvestment.

Whichofthefollowingistrueregardingequity-methodinvestments?（）

A:That

gainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

isnot

trueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentisnot

true.

B:Gainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment.

C:Thatgainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

istrueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentis

true.

D:TheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestment.

答案:Thatgainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

istrueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentis

true.

Undertheequitymethod,whenaninvestorcompanyrecordsitsshareofinvesteeincome,（）

A:theinvestorcompanywilldebitCashfortheirshareoftheincome.

B:amemoentryisusedtorecordtherevenue.

C:theentrytorecordtherevenueis:

Equity-MethodInvestmentRevenueXX

Equity-MethodInvestmentXX"

D:"thefollowingentryisusedtorecordtherevenue:

Equity-MethodInvestmentXX

Equity-MethodInvestmentRevenueXX"

答案:"thefollowingentryisusedtorecordtherevenue:

Equity-MethodInvestmentXX

Equity-MethodInvestmentRevenueXX"

Whichofthefollowingis/areeliminatedinthepreparationofaconsolidatedbalancesheet?（）

A:Intercompanyreceivablesandpayables

B:selectotherthree

choicesall

C:Investmentaccount

D:Stockholders’equityofthesubsidiary

答案:selectotherthree

choicesall

Onthepurchasedate,long-termavailable-for-saleequitysecuritiesarereportedonthebalancesheetat:（）

A:cost

B:thelower-of-cost-or-market.

C:amortizedcost

D:fairvalue

答案:cost

TheUnrealizedGainonInvestmentinAvailable-for-SaleSecuritiesisreportedin:（）

A:OtherRevenuesandGainsontheincomestatement.

B:OtherComprehensiveIncomeontheStatementofComprehensiveIncome

C:AccumulatedOtherComprehensiveIncomeonthebalancesheet

D:OtherComprehensiveIncomeontheStatementofComprehensiveIncome

andAccumulatedOtherComprehensiveIncomeonthebalancesheet

答案:OtherComprehensiveIncomeontheStatementofComprehensiveIncome

andAccumulatedOtherComprehensiveIncomeonthebalancesheet

第九章单元测试

Whichofthefollowingisnottrueaboutacontingentliability:（）

A:Dependsonfutureoutcomeofpastevents.

B:other

threechoices

arenot

true.C:Mustbedisclosedifitisreasonablypossible.

D:Mustberecordedifitisremote.

答案:Mustberecordedifitisremote.

TheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesaleofthebondwouldincludea:（）

A:$500,000credittoCash.

B:$30,000credittoBondsPayable.

C:$500,000debittoAccountsPayable.

D:$500,000credittoBondsPayable.

答案:$500,000credittoBondsPayable.

TheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesemiannualinterestpaymentis:（）

A:"InterestExpense$15,000

Cash$15,000"

B:"InterestExpense$30,000

InterestPayable$30,000"

C:"InterestExpense$15,000

InterestPayable$15,000"

D:"InterestExpense$30,000

Cash$30,000"

答案:"InterestExpense$15,000

Cash$15,000"

Whichofthefollowingcurrentliabilitiesis/areaknownamount?

（）

A:AccountsPayable

B:otherthreechoices

areall

knownamounts.

C:PayrollLiabilities

D:UnearnedRevenue

答案:otherthreechoices

areall

knownamounts.

Whichofthefollowingstatementsistrueinrelationshiptoacompanyfinancingwithdebtratherthanstock?（）

A:Interestexpenseisnottax-deductiblewhiledividendsaretax-deductible.

B:Theprincipalamountmustberepaidatthematurityofthebonds.

C:Earningspersharewillgenerallybehigherwhenacompanyisfinancedwithstockratherthandebt.

D:Tradingonequitymeansthatthebusinessearnslessbyinvestingborrowedfundsthanitpaysininterestexpenseonbonds.

答案:Theprincipalamountmustberepaidatthematurityofthebonds.

OnJanuary1st,XYZCompanyissued$200,000,5-year,4%bonds.Themarketrateatthetimeofthesalewasgreaterthan4%sothebondsweresoldat93,sellingquantityis2000.InterestispayableJune30thandDecember31st.Theentrytorecordthesaleofthebondswouldincludea:（）

A:DebittoCashfor$200,000.

B:CredittoCashfor$186,000.

C:DebittoDiscountonBondsPayablefor$14,000.

D:CredittoBondsPayablefor$186,000.

答案:DebittoDiscountonBondsPayablefor$14,000.

RefertoQuestion6.IftheXYZCompanyusesthestraight-linemethodtoamortizediscountonthebonds,theentrytorecordthefirstinterestpaymentwouldinclude:（）

A:DebittoInterestExpensefor$9,400.

B:CredittoCashfor$5,400.

C:DebittoInterestExpensefor$5,400.

D:DebittoDiscountonBondsPayablefor$1,400.

答案:DebittoInterestExpensefor$5,400.

AllofthefollowingarereportedascurrentliabilitiesEXCEPT:（）

A:salestaxpayable

B:accountspayable

C:bondpayablefor5years

D:notespayableduein6months

答案:bondpayablefor5years

Whenabusinessreceivescashfromacustomerbeforeearningtherevenue,theycredit:（）

A:AccountsReceivable.

B:UnearnedRevenue

C:SalesTaxPayable

D:AccountsPayable

答案:UnearnedRevenue

WhichofthefollowingstatementsisTRUEregardingpensionliabilities?（）

A:Ifthepensionobligationexceedsthemarketvalueoftheplanassets,thatexcessisreportedasaliability.

B:otherthree

choicesaretrue.

C:Iftheplanassetsexceedthepensionliability,theassetandobligationamountsarereportedonlyinthenotestothefinancialstatements.

D:Theyoriginatewhenabusinessprovidesretirementcompensationforitsemployees.

答案:otherthree

choicesaretrue.

第十章单元测试

Whichofthefollowingisarightofastockholder?（）

A:Voting

B:selectotherthreeall.

C:Preemption

D:Dividends

答案:selectotherthreeall.

Whichofthefollowingispartofstockholders’equity?（）

A:everyoneisnotpartof

stockholders’equityB:Retainedearnings

C:BothPaid-incapital

andRetainedearnings

D:Paid-incapital

答案:BothPaid-incapital

andRetainedearnings

Anentityisauthorizedtosell60,000sharesof$11par,6%cumulativepreferredstockand110,000sharesof$7parcommonstock.Thereare30,000sharesofpreferredstockoutstandingand90,000sharesofcommonstockoutstanding.A$50,000cashdividendhasbeendeclaredbytheboardofdirectors.Nodividendsinarrearsexist.Whatisthetotalamounttobegiventothepreferredshareholder?（）

A:$19,800

B:$15,000

C:$39,600

D:$50,000

答案:$19,800

RefertoQuestion3.Howmuchisthecommonstockdividendpershare(rounded)?（）

A:$.2