[VIP专享]2007年对外经贸大学会计专业中英文试题

对外经济贸易大学2007年硕士研究生入学考试初试试题考试科目：831会计综合第一部分：英文试题（共70分）1．Give a brief explanation for the following terms（9 points）（1）Useful life；（2）Revenue expenditure；（3）Interest·bearing liability；（4）Conservatism principle；（5）Working capital；（6）Direct write-off method．2．True and false（7 points）For each of the following statements，write the T or the F to indicate whether the statement is True or False．（1）The only business events thin are entered in accounting records are those that can be expressed in monetary terms．（2）The ledger is sometimes called the book of original entry because it is the accounting record where transactions are，first recorded．（3）When the direct write-off method is used to recognize un-collectible accounts expense，an Allowance for Doubtful Accounts is not required．（4）Assets wear out more quickly when they are depreciated by all accelerated method．（5）If capital stock is issued by a corporation at a price higher than par value, the excess amount represents income in the period in which the shares of stocks are issued．（6）When a corporation presents both‘basic’and‘diluted’earnings per share，the basic earnings per share will be the smaller of the two figures．（7）Issuing bonds at a discount increases the actual cost of borrowing above the contact rate of interest printed on the bonds．3．Translate the following statements into Chinese。

（8 points）（1）The-sum-of-the—year’s-digits and fixed-percentage-of-declining-base are the most frequently encountered methods of accelerated depreciation．These methods result in larger charges to expense in the earlier years of assets use，although little evidence supports the notion that assets actually decline in service potential in the manner suggested by these methods．Advocates contend that accelerated depreciation is preferred to straight-line because as the assets ages，the smaller depreciation charges are associated with higher maintenance charges．The resulting combined expense pattern provides a better matching against the associated revenue stream．（2）The reporting of business income assumes that all items of revenue and expenses are capable of being measured．One requirement of measurement is that the object or event is capable of being ordered or ranked in respect to some property．Measurement is the assigning of numbers to objects or events according to rules．It is also a process of comparison in order to obtain more precise information to distinguish one alternative from another in a decision situation．4．Multiple eh6iee questions（please choose the best one for each of the following questions（15 points）（1）Which of the following relationships do you consider of least significant to a stockholder?A．Net income is greater than the amount of working capital；B．The return on assets consistently is higher than the industry average；C．The return on equity has increased in each of the past 3 years；D．The return on assets is greater than the rate of interest being paid to creditors；E．None of the above．（2）if a company’s current ratio declined in a year during which its quick ratio improved，which of the following is the most likely explanation?A．An increase in inventory；B．A decrease in inventory；C．Receivables are being collected more rapidly than in the past；D．Receivables are being collected more slowly than in the past；E．None of the above．（3）The primary purpose of inventory flow assumption is to：A．Minimize the income taxes；B．Maximize the reported amount of net income；C．Parallel the physical flow of units of merchandise；D．Offset against revenue an appropriate cost of goods．（4）An item of inventory purchased in 2005 for$30 has been incorrectly written down to current replacement cost of $20．The item is currently selling in 2006 for $50，its normal selling price．Which of the following statements is correct?A．Income for 2005 is overstated；B．The cost of sales for 2006 will be overstated；C．Income for 2006 is overstated；D．The closing inventory of 2005 is overstated；E．None of the above．（5）An investment in trading securities is valued on the balance sheet at the：A．Cost to acquired the asset；B．Lower of cost or market price；C．Fair value；D．Accumulated income less accumulated dividends since acquisition．（6）Assuming that a company has only one class of capital stock，a transfer from retained earnings to contributed capital equal to the market value of the share issued is ordinarily a characteristic of：A．a stock dividend；B．a stock option；C．a stock split；D．a common stock equivalent．（7）which of the following transactions would result in an increase in the current ratioif the ratio is presently 2：1？A．Repaid a 90-day loan；B．Purchased merchandise on account；C．liquidated a long-term liability；D．Received payment of an accounts receivable；E．None of the above．（8）in which of the following situations would the largest amount be recorded as an expense of the current period?（Assume accrual basis accounting）A．$2000 is paid for equipment with a useful life of five years；B．$800 is paid for a two-year fire insurance policy；C．$10000 cash dividends ale paid to stockholders；D．$500 is paid to an attorney for legal services rendered during the current period，（9）In perpetual inventory system，purchases of merchandise on account are recorded by debiting：A．Cost of good sold；B．Accounts payable；C．Inventory；D．Purchases．（10）Before month-end adjustments ale made，the January 3 1 trial balance of ABC Company contains revenue of$27000 and expenses of $18340、Adjustments are necessary for the following items：----Depreciation for January, $1440；----Portion of prepaid rent applicable to January, $3200；----Fees for service earned in January"，not yet billed to customer, $1900；----portion of fees collected in advance earned in January, $2000．Net income in ABC’s Income Statement of January is：A．$10340；B．$17100；C．$7700；D．Some other amount．（11）A liability for deferred income taxes represents：A．Income taxes already paid on earnings which have not yet been reported in the Company’s income statement；B．Income taxes on earnings already reported in the income statement，but which will be taxed in future periods；C．Income tax obligations being disputed with the tax agency；D．Income taxes levied in prior years which ale now past due；E．None of the above．（12）ABC sold a depreciable asset for cash of $25000．The accumulated depreciation of $60000．and loss of $5000 was recognized on the sale Under these circumstances the original cost of the asset must have been：A．$55000；B．$65000；C．$80000；D．$90000；E．None of these（13）The term‘paid-in capital’means：A．All assets other than retained earnings；B．Legal capital minus retained earnings；C．Total stockholders’ equity minus retained earnings；D．Total assets minus total liabilities．（14）Declaration and distribution of a stock dividend Cause each of the following effects except：A．A decrease in retained earnings；B．An increase in the number of shares of stock outstanding；C．A decrease in total assets of the issuing corporation；D．An increase in legal capital of the issuing corporation．E．None of the above．（15）The basic difference between‘loss contingencies’and‘real liabilities’is：A．liabilities always are recorded in the accounting records；whereas loss contingencies never are；B．The extent of uncertainty involved；C．Liabilities can be large in amount，but loss contingencies are immaterial；D．Liabilities stem from past transactions，whereas loss contingencies stem from future events；E．None of the above．5．Translate the following statements from Chinese into English．（14 points）（1）投资音净收益的概念与主体理沦是相一致的，投资者净收益概念基于其会计方程式的资产等于权益的观点。