南开19春学期(1709、1803、1809、1903)《会计专业英语》在线作业[标准答案]

(单选题)1: A characteristic of a fixed asset is that it is （）

A: intangible

B: used in the operations of a business

C: held for sale in the ordinary course of the business

D: none of the above

正确答案:

(单选题)2: How is treasury stock shown on the balance sheet?

A: as an asset

B: as a decrease in stockholders' equity

C: as an increase in stockholders' equity

D: treasury stock is not shown on the balance sheet

正确答案:

(单选题)3: When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( )

A: a premium

B: their face value

C: their maturity value

D: a discount

正确答案:

(单选题)4: The accounting equation may be expressed as（）

A: Assets = Equities - Liabilities

B: Assets + Liabilities = Owner's Equity

C: Assets = Revenues less Liabilities

D: Assets - Liabilities = Owner's Equity

正确答案:

(单选题)5: Which of the following should not be considered cash by an accountant?

A: coins

B: bank checking accounts

C: postage stamps

D: Petty cash funds

正确答案:

(单选题)6: The two most common specialized fields of accounting in practice are( )

A: forensic accounting and financial accounting

B: managerial accounting and financial accounting

C: managerial accounting and environmental accounting

D: financial accounting and tax accounting systems

正确答案:

(单选题)7: 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

正确答案:

(单选题)8: Under which method of cost flows is the inventory assumed to be composed of the most recent costs?

A: average cost

B: last-in, first-out

C: first-in, first-out

D: weighted average

正确答案:

(单选题)9: What is the type of account and normal balance of Allowance for Doubtful Accounts? A: Contra asset, credit

C: Asset, credit

D: Contra asset, debit

正确答案:

(单选题)10: The business entity concept means that

A: the owner is part of the business entity

B: an entity is organized according to state or federal statutes

C: an entity is organized according to the rules set by the FASB

D: the entity is an individual economic unit for which data are recorded, analyzed, and reported

正确答案:

(单选题)11: Cash dividends are usually not paid on which of the following?

A: class B common stock

B: preferred stock

C: treasury stock

D: class A common stock

正确答案:

(单选题)12: 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.

正确答案:

(单选题)13: Which of the following entries records the acquisition of office supplies on account?

A: Office Supplies, debit; Cash, credit

B: Cash, debit; Office Supplies, credit

C: Office Supplies, debit; Accounts Payable, credit

D: Accounts Receivable, debit; Office Supplies, credit

正确答案:

(单选题)14: The accounting equation may be expressed as( )

A: Assets = Equities - Liabilities

B: Assets + Liabilities = Owner's Equity

C: Assets = Revenues less Liabilities

D: Assets - Liabilities = Owner's Equity

正确答案:

(单选题)15: For accounting purposes, the business entity should be considered separate from its owners if the entity is( )

A: a corporation

B: a proprietorship

C: a partnership

D: all of the above

正确答案:

(单选题)16: A characteristic of a fixed asset is that it is ( )

A: intangible

B: used in the operations of a business

C: held for sale in the ordinary course of the business

D: none of the above

正确答案:

(单选题)17: Which of the following financial statements reports information as of a specific date?

A: income statement

B: statement of owner's equity