奥鹏作业网22春学期（高起本1709-1803、全层次1809-2103）《会计专业英语》在线作业-00001
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
A.n/30
B.FOB shipping point
C.FOB destination
D.consigned
2.When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are
A.convertible bonds
B.unsecured bonds
C.debenture bonds
D.callable bonds
3.The liability for a dividend is recorded on which of the following dates?
A.the date of record
B.the date of payment
C.the date of announcement
D.the date of declaration
4.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
5.The matching concept( )
A.addresses the relationship between the journal and the balance sheet
B.determines whether the normal balance of an account is a debit or credit
C.requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
D.determines that expenses related to revenue be reported at the same time the revenue is reported
6.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
7.Cash equivalents（ ）
A.are illegal in some company
B.will be converted to cash within two years
C.will be converted to cash within 90 days
D.will be converted to cash within 120 days
8.The interest rate specified in the bond indenture is called the ( )
A.discount rate
B.contract rate
C.market rate南开答案请进：opzy.net或请联系微信：1095258436
D.effective rate
9.The term “inventory” indicates ( )
A.merchandise held for sale in the normal course of business
B.materials in the process of production or held for production
C.supplies
D.both A and B
10.The amount of the outstanding checks is included on the bank reconciliation as a(n) （ ）
A.deduction from the balance per depositor’s records
B.addition to the balance per bank statement
C.deduction from the balance per bank statement
D.addition to the balance per depositor’s records
11.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
12.Revenues are reported when
A.a contract is signed
B.a contract is signed
C.work is begun on the job
D.work is completed on the job
13.The two methods of accounting for investments in stock are the cost method and the ( )
A.straight-line method
B.equity method
C.liability method
D.interest method
14.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 account
B.future period when the cost of repairing the product is paid
C.period of the sale of the product
D.future period when the product is repaired or replaced
15.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 Corporation’s entry would include a ( )
A.Debit to the investment account for $10,000
B.Debit to the investment account for $4,000
C.Credit to the investment account for $4,000
D.Debit to a loss account for $4,000
16.All of the following occur with a double-entry accounting system except:
A.The accounting equation remains in balance.
B.Each business transaction will have only two entries.
C.Every transaction affects at least two accounts
D.The sum of all debits is always equal to the sum of all credits in each journal entry.
17.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
18.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
19.The amount of the outstanding checks is included on the bank reconciliation as a(n) ( )
A.deduction from the balance per depositor’s records
B.addition to the balance per bank statement
C.deduction from the balance per bank statement
D.addition to the balance per depositor’s records
20.The interest rate specified in the bond indenture is called the （ ）
A.discount rate
B.contract rate
C.market rate
D.effective rate
二、判断题 (共 30 道试题,共 60 分)
21.If ending inventory for the year is understated, net income for the year is overstated.
22.During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
23.Bonds are sold at face value when the contract rate is equal to the market rate of interest.
24.Horizontal analysis is used to compare the financial statements of the same company for different periods.
25.All property, plant, and equipment assets are depreciated over time.
26.A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory.
27.Revenue is earned only when money is received.
28.The declining-balance method is an accelerated depreciation method.
29.Every adjusting entry will affect at least one income statement account and one balance sheet account.
30.Investments in stocks that are expected to be held for the long term are listed in the stockholder’s equity section of the balance sheet.
31.Dividends in arrears are liabilities of the corporation.
32.Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.
33.Accounting is a service that provides many different users with financial information to make economic decisions.
34.The prices of bonds are quoted as a percentage of the bonds’ market value.
35.During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method.
36.Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the public.
37.Accounting Process is identifying, measuring, recording, and communicating economic information to permit informed judgments and decisions by users of information.
38.Revenue accounts are increased by credits.
39.The book value of a fixed asset reported on the balance sheet represents its market value on that date.
40.The prices of bonds are quoted as a percentage of the bonds’ market value.
41.The relationship of each asset item as a percent of total assets is an example of vertical analysis.
42.When a stock dividend is declared, it becomes a liability
43.Cash equivalents are short -term investments that will be converted to cash within 120 days.
44.The difference between Accounts Receivable and its contra asset account is called net realizable value.
45.If the liabilities owed by a business total $500,000, then the assets also total $500,000.
46.Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
47.Amortization is the allocation process of writing off bond premiums and discounts to interest expense over the life of the bond issue.
48.Consuming goods and services in the process of generating revenues results in expenses.
49.Investments in stocks that are expected to be held for the long term are listed in the stockholder’s equity section of the balance sheet.
50.Managerial accounting is primarily concerned with the recording and reporting of economic data and activities of an entity for use by owners, creditors, governmental agencies, and the pu
