19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业答卷

1、19秋学期（1709、1803、1809、1903、1909）会计专业英语在线作业-0001试卷总分:100 得分:100一、单选题 (共 20 道试题,共 40 分)1.Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporations entry would include a ( )A.Debit to the investment account for $4,000B.Debit to the investment account for $10,000C.Debit to a loss account for $4,000D.Credit to the investment account for $4,000答案:D2.Expenses are reported on the( )A

2、.statement of owners equityB.statement of cash flowsC.income statementD.balance sheet答案:C3.Financial reports are used by（ ）A.managementB.investorsC.creditorsD.all of the above答案:D4.During a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory. ( )A.can not tell without more informationB.average methodC.LIFO methodD.FIFO method答案:D5.Which of the following financial statements reports information as of a specific date

3、?A.statement of owners equityB.statement of cash flowsC.income statementD.balance sheet答案:D6.Financial statements in which financial data for two or more companies are combined as a single entity are calledA.conventional statementsB.constitutional statementsC.consolidated statementsD.audited statements答案:C7.The characteristics of partnership exclude( )A.unlimited liabilityB.more financial resources than a proprietorshipC.limited liabilityD.additional management skills答案:C8.Which of the following

4、 below generally is the most useful in analyzing companies of different sizes?A.price-level accountingB.comparative statementsC.common-sized financial statementsD.audit report答案:C9.The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as ( )A.solvency and profitabilityB.solvency and liquidityC.solvency and leverageD.solvency and equity答案:A10.When the perpetual inventory system is used, the inventory sold is debited to ( )A.supplies e

5、xpenseB.salesC.merchandise inventoryD.cost of merchandise sold答案:D11.The cost of a product warranty should be included as an expense in the ( )A.period the cash is collected for a product sold on accountB.period of the sale of the productC.future period when the product is repaired or replacedD.future period when the cost of repairing the product is paid答案:B12.The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?( )A.the finan

6、cial condition, earnings record, and dividend record of the corporationB.investor expectations of the corporations earning powerC.how high the par valueD.general business and economic conditions and prospects答案:C13.The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the( )A.Statement of Retained EarningsB.Income statement as Other Revenue (Expenses)C.Balance sheet as an adjustment to the asset accountD.Balance sheet as an adjustment to Stockholders Equity答案:

7、D14.Which of the items below is not a business organization form?( )A.proprietorshipB.partnershipC.entrepreneurshipD.corporation答案:C15.Austin, Inc. made a Prepaid Rent payment of $3,500 on January 1st. The companys monthly rent is $700. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:A.$700B.$3,500C.$2,800D.$1,750答案:C16.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the ( )A.total of the accounts receiva

8、bles written-off during the yearB.total estimated uncollectible accounts as of the end of the yearC.sum of all accounts that are past due.D.Uncollectible accounts expense for the year答案:B17.Which of the following should not be considered cash by an accountant?A.postage stampsB.coinsC.bank checking accountsD.Petty cash funds答案:A18.Which of the following measures a companys ability to pay its current liabilities?A.number of times interest charges earnedB.inventory turnoverC.earnings per shareD.cur

9、rent ratio答案:D19.The cost of a product warranty should be included as an expense in the （ ）A.period the cash is collected for a product sold on accountB.period of the sale of the productC.future period when the product is repaired or replacedD.future period when the cost of repairing the product is paid答案:B20.A business paid $7,000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was toA.increase one asset, decrease another assetB.increase an asset, increase owners equityC.increase an asset, increase a liabilityD.decrease an asset, decrease a liability答案:D二、判断题 (共 30 道试题,共 60 分)21.The increase side of all accounts is the normal balance.答案:

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