[南开大学]19 秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业 试卷总分:100 得分:100
【题目】Stockholders' equity ( ) A、is usually equal to cash on hand
B、includes paid-in capital and liabilities
C、includes retained earnings and paid-in capital D、is shown on the income statement 参考选择是:C
【题目】Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error? A、net income is understated B、net income is overstated
C、cost of merchandise sold is understated
D、merchandise inventory reported on the balance sheet is overstated 参考选择是:A
【题目】The excess of issue price over par of common stock is termed a(n) （ ） A、discount B、income C、deficit D、premium 参考选择是:D
【题目】The journal entry a company uses to record the estimated accrued product warranty liability is ( )
A、debit Product Warranty Expense; credit Product Warranty Payable B、debit Product Warranty Payable; credit Cash C、debit Product Warranty Expense; credit Cash
D、debit Product Warranty Payable; credit Product Warranty Expense 参考选择是:A 第5题,Cash investments made by the owner to the business are reported on the statement of cash flows in the A、financing activities section B、investing activities section C、operating activities section D、supplemental statement 参考选择是:A
【题目】Cash dividends are usually not paid on which of the following? A、class B common stock B、preferred stock C、treasury stock
D、class A common stock
参考选择是:C 第7题,Which of the following concepts relates to separating the reporting of business and personal economic transactions? A、Cost Concept
B、Unit of Measure Concept C、Business Entity Concept D、Objectivity Concept 参考选择是:C
【题目】A capital expenditure results in a debit to （ ） A、an expense account B、a capital account C、a liability account D、an asset account 参考选择是:D
【题目】The characteristics of partnership exclude( ) A、more financial resources than a proprietorship B、additional management skills C、limited liability D、unlimited liability 参考选择是:C
【题目】Current liabilities are（ ）
A、due, but not receivable for more than one year B、due, but not payable for more than one year C、due and receivable within one year D、due and payable within one year 参考选择是:D
【题目】The debt created by a business when it makes a purchase on account is referred to as an
A、account payable B、account receivable C、asset
D、expense payable 参考选择是:A
【题目】The most widely used depreciation method is A、straight-line
B、sum-of-the-years-digits C、declining-balance D、units-of-production 参考选择是:A
【题目】A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to A、increase one asset, decrease another asset B、decrease an asset, decrease a liability C、increase an asset, increase a liability D、increase an asset, increase owner's equity 参考选择是:B
【题目】A bank reconciliation should be prepared periodically because ( ) A、the depositor's records and the bank's records are in agreement B、the bank has not recorded all of its transactions
C、any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected D、the bank must make sure that its records are correct 参考选择是:C
【题目】Notes may be issued ( ) A、when assets are purchased
B、to creditor's to temporarily satisfy an account payable created earlier C、when borrowing money D、all of the above 参考选择是:D
【题目】Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
A、owner's equity is overstated
B、cost of merchandise sold is overstated C、gross profit is understated D、net income is understated 参考选择是:A
【题目】Sinking Fund Cash would be classified on the balance sheet as （ ） A、a current asset B、a fixed asset
C、an intangible asset D、an investment 参考选择是:D
【题目】The reduction of par or stated value of stock by issuance of a proportionate number of additional shares is termed a ( ) A、liquidating dividend B、stock split