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: Contra asset, credit
B: Asset, debit
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
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: income statement
B: statement of owner’s equity
C: statement of cash flows
D: balance sheet
正确答案:
(单选题)18: 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 ( )
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
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
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
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
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
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: solvency and leverage
B: solvency and profitability
C: solvency and liquidity
D: solvency and equity
正确答案:
(判断题)21: Paying an account payable increases liabilities and decreases assets
A: credit to Sales Returns and Allowances
B: debit to Merchandise Inventory
C: credit to Merchandise Inventory
D: debit to Cost of Merchandise Sold
正确答案:
(单选题)20: 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: 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
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
A:对
B:错
正确答案:
(判断题)24: A balance sheet is a list of the assets, liabilities, and owner’s equity of a business for a period of time.
A:错误
B:正确
正确答案:
(判断题)25: During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
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
A:对
B:错
正确答案:
(判断题)22: The book value of a fixed asset reported on the balance sheet represents its market value on that date.
A:对
B:错
正确答案:
(判断题)23: Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.
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 ()
A: intangible
B: used in the operations of a business
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.