19秋学期(1509、1603、1609、1703)《会计专业英语》在线作业答卷

19秋学期（1509、1603、1609、1703）《会计专业英语》在线作业-0001
试卷总分:100 得分:100
一、单选题 (共 20 道试题,共 40 分)
1.Financial reports are used by（ ）
A.management
B.investors
C.creditors
D.all of the above
答案:D

2.For accounting purposes, the business entity should be considered separate from its owners if the entity is( )
A.a proprietorship
B.a partnership
C.all of the above
D.a corporation
答案:C

3.A characteristic of a fixed asset is that it is ( )
https://www.360docs.net/doc/fd7087921.html,ed in the operations of a business
B.none of the above
C.intangible
D.held for sale in the ordinary course of the business
答案:A

4.The interest rate specified in the bond indenture is called the （ ）
A.market rate
B.effective rate
C.discount rate
D.contract rate
答案:D

5.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( )
A.their maturity value
B.their face value
C.a premium
D.a discount
答案:D

6.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.deduction from the balance per bank statement
C.addition to the balance per depositor's records
D.addition to the balance per bank statement
答案:B

7.Which of the items below is not a business organization form?（ ）
A.proprietorship
B.partnership
C.entrepreneurship
D.corporation
答案:C

https://www.360docs.net/doc/fd7087921.html,ing accrual accounting, expenses are recorded and reported only( )
A.when they are incurred, whether or not cash is paid
B.when they are incurred and paid at the same time
C.if they are paid before they are incurred
D.if they are paid after they are incurred
答案:A

9.Profit is the difference between
A.the incoming cash and outgoing cash
B.the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services
C.he assets purchased with cash contributed by the owner and the cash spent to operate the business
D.assets and liabilities
答案:B

10.How is treasury stock shown on the balance sheet?
A.treasury stock is not shown on the balance sheet
B.as an increase in stockholders' equity
C.as an asset
D.as a decrease in stockholders' equity
答案:D

11.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?
A.owner's equity is overstated
https://www.360docs.net/doc/fd7087921.html, income is understated
C.gross profit is understated
D.cost of merchandise sold is overstated
答案:A

12.What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
https://www.360docs.net/doc/fd7087921.html, income
B.income from operations
C.gross sales
D.gross profit
答案:D

13.The term "inventory" indicates （ ）
A.supplies
B.merchandise held for sale in the normal course of business
C.materials in the process of production or held for production
D.both A and B
答案:D

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