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1、【奥鹏】南开大学19春学期（1709、1803、1809、1903）会计专业英语在线作业试卷总分:100 得分:100第1题,The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the ( )A、cost methodB、market methodC、income methodD、equity method正确答案:D第2题,One of the main di
2、sadvantages of the corporate form is the( )A、professional managementB、double taxation of dividendsC、charterD、corporation must issue stock正确答案:B第3题,The following are examples of external users of accounting information except:A、governmentB、customersC、creditorsD、all of the above正确答案:D第4题,In which sect
3、ion of the balance sheet would Treasury Stock be reported?A、Fixed assetsB、Long-term liabilitiesC、Stockholders equityD、Intangible assets正确答案:C第5题,The journal entry a company uses to record the estimated accrued product warranty liability is ( )A、debit Product Warranty Expense; credit Product Warranty
4、 PayableB、debit Product Warranty Payable; credit CashC、debit Product Warranty Expense; credit CashD、debit Product Warranty Payable; credit Product Warranty Expense正确答案:A第6题,Stockholders equity ( )A、is usually equal to cash on handB、includes paid-in capital and liabilitiesC、includes retained earnings
5、 and paid-in capitalD、is shown on the income statement正确答案:C第7题,The primary purpose of a stock split is to ( )A、increase paid-in capitalB、reduce the market price of the stock per shareC、increase the market price of the stock per shareD、increase retained earnings正确答案:B第8题,What is the type of account
6、and normal balance of Allowance for Doubtful Accounts?A、Contra asset, creditB、Asset, debitC、Asset, creditD、Contra asset, debit正确答案:A第9题,Financial reports are used by（ ）A、managementB、creditorsC、investorsD、all of the above正确答案:D第10题,Cash equivalents（ ）A、are illegal in some companyB、will be converted t
7、o cash within two yearsC、will be converted to cash within 90 daysD、will be converted to cash within 120 days正确答案:C第11题,If the maker of a promissory note fails to pay the note on the due date, the note is said to be( )A、displacedB、disallowedC、dishonoredD、dishonored正确答案:C第12题,The liability for a divid
8、end is recorded on which of the following dates?A、the date of recordB、the date of paymentC、the date of announcementD、the date of declaration正确答案:D第13题,The debt created by a business when it makes a purchase on account is referred to as anA、account payableB、account receivableC、assetD、expense payable正
9、确答案:A第14题,Which of the items below is not a business organization form?( )A、entrepreneurshipB、proprietorshipC、partnershipD、corporation正确答案:A第15题,The cost method of accounting for stock( )A、recognizes dividends as incomeB、is only appropriate as part of a consolidationC、requires the investment be incr
10、eased by the reported net income of the investeeD、requires the investment be decreased by the reported net income of the investee正确答案:A第16题,Which of the following should not be considered cash by an accountant?A、coinsB、bank checking accountsC、postage stampsD、Petty cash funds正确答案:C第17题,A bank reconci
11、liation should be prepared periodically because （ ）A、the depositors records and the banks records are in agreementB、the bank has not recorded all of its transactionsC、any differences between the depositors records and the banks records should be determined, and any errors made by either party should
12、 be正确答案:C第18题,Cash equivalents( )A、are illegal in some companyB、will be converted to cash within two yearsC、will be converted to cash within 90 daysD、will be converted to cash within 120 days正确答案:C第19题,During a period of falling prices, which of the following inventory methods generally results in t
13、he lowest balance sheet amount for inventory. ( )A、average methodB、LIFO methodC、FIFO methodD、can not tell without more information正确答案:C第20题,Notes may be issued ( )A、when assets are purchasedB、to creditors to temporarily satisfy an account payable created earlierC、when borrowing moneyD、all of the ab
14、ove正确答案:D第21题,For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.T、对F、错正确答案:T第22题,If the liabilities owed by a business total $300,000 and owners equity is equal to $300,000, then the assets al
15、so total $300,000.T、对F、错正确答案:F第23题,The declaration of a stock dividend decreases a corporations stockholders equity and increases its liabilities.T、对F、错正确答案:F第24题,A fixed asset impairments occurs when the fair value of a fixed asset falls below its book value and is not expected to recover.A、错误B、正确正确答案:B第25题,The adjusted trial balance verifies that total debits equals total credits before the
