《19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业 Characteristics of a corporation include》由会员分享，可在线阅读，更多相关《19秋学期（1709、1803、1809、1903、1909）《会计专业英语》在线作业 Characteristics of a corporation include（10页珍藏版）》请在金锄头文库上搜索。
1、Evaluation Warning: The document was created with Spire.Doc for .NET.会计专业英语 1 单选题 1 Characteristics of a corporation include （ ） D A shareholders who are mutual agentsB direct management by the shareholders (owners)C its inability to own propertyD shareholders who have limited liability2 Sinking Fun
2、d Cash would be classified on the balance sheet as （ ） D A a current assetB a fixed assetC an intangible assetD an investment3 One of the main disadvantages of the corporate form is the( ) B A professional managementB double taxation of dividendsC charterD corporation must issue stock4 If the maker
3、of a promissory note fails to pay the note on the due date, the note is said to be( ) C A displacedB disallowedC dishonoredD dishonored5 The interest rate specified in the bond indenture is called the ( ) B A discount rateB contract rateC market rateD effective rate6 Accumulated Depreciation ( ) C A
4、 is used to show the amount of cost expiration of intangiblesB is the same as Depreciation ExpenseC is a contra asset accountD is used to show the amount of cost expiration of natural resources7 The primary purpose of a stock split is to ( ) B A increase paid-in capitalB reduce the market price of t
5、he stock per shareC increase the market price of the stock per shareD increase retained earnings8 The two most common specialized fields of accounting in practice are( ) B A forensic accounting and financial accountingB managerial accounting and financial accountingC managerial accounting and enviro
6、nmental accountingD financial accounting and tax accounting systems9 The matching concept( ) D A addresses the relationship between the journal and the balance sheetB determines whether the normal balance of an account is a debit or creditC requires that the dollar amount of debits equal the dollar
7、amount of credits on a trial balanceD determines that expenses related to revenue be reported at the same time the revenue is reported10 In which section of the balance sheet would Treasury Stock be reported? C A Fixed assetsB Long-term liabilitiesC Stockholders equityD Intangible assets11 Stockhold
8、ers equity （ ） C A is usually equal to cash on handB includes paid-in capital and liabilitiesC includes retained earnings and paid-in capitalD is shown on the income statement12 Which of the following entries records the acquisition of office supplies on account? C A Office Supplies, debit; Cash, cr
9、editB Cash, debit; Office Supplies, creditC Office Supplies, debit; Accounts Payable, creditD Accounts Receivable, debit; Office Supplies, credit13 Which of the following should not be considered cash by an accountant? C A coinsB bank checking accountsC postage stampsD Petty cash funds14 How does pa
10、ying a liability in cash affect the accounting equation? C A assets increase; liabilities decreaseB assets increase; liabilities increaseC assets decrease; liabilities decreaseD liabilities decrease; owners equity increases15 All of the following occur with a double-entry accounting system except: B
11、 A The accounting equation remains in balance.B Each business transaction will have only two entries.C Every transaction affects at least two accountsD The sum of all debits is always equal to the sum of all credits in each journal entry.16 The term inventory indicates （ ） D A merchandise held for s
12、ale in the normal course of businessB materials in the process of production or held for productionC suppliesD both A and B17 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 ( ) D A convertible bondsB unsecur
13、ed bondsC debenture bondsD callable bonds18 Profit is the difference between D A assets and liabilitiesB the incoming cash and outgoing cashC he assets purchased with cash contributed by the owner and the cash spent to operate the businessD the amounts received from customers for goods or services a
14、nd the amounts paid forthe inputs used to provide the goods or services19 Using accrual accounting, expenses are recorded and reported only（ ） A A when they are incurred, whether or not cash is paidB when they are incurred and paid at the same timeC if they are paid before they are incurredD if they
15、 are paid after they are incurred20 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 （ ） B A solvency and leverageB solvency and profitabilityC solvency and liquidityD solvency and equity2 判断题 1 Prepaid expenses are an example of an expense. A A 错误B 正确2 If a firm has a quick ratio of 1, the subsequent payment of an account payable will cause the ratio to increase. B A
