南开大学20春学期（1709、1803、1809、1903、1909、2003）会计专业英语在线作业试卷总分:100 得分:100一、单选题 (共 20 道试题,共 40 分)1.The two most common specialized fields of accounting in practice are( )A.managerial accounting and financial accountingB.managerial accounting and environmental accountingC.forensic accounting and financial accountingD.financial accounting and tax accounting systems答案:A2.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答案:C3.Which statement below is not a reason for a corporation to buy back its own stock ( )A.to increase the shares outstandingB.resale to employeesC.for supporting the market price of the stockD.bonus to employees答案:A4.Which statement below is not a reason for a corporation to buy back its own stock.A.resale to employeesB.bonus to employeesC.for supporting the market price of the stockD.to increase the shares outstanding答案:D5.Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes aA.credit to Sales Returns and AllowancesB.debit to Merchandise InventoryC.credit to Merchandise InventoryD.debit to Cost of Merchandise Sold答案:B6.The most widely used depreciation method isA.units-of-productionB.sum-of-the-years-digitsC.straight-lineD.declining-balance答案:C7.The cost method of accounting for stock( )A.recognizes dividends as incomeB.is only appropriate as part of a consolidationC.requires the investment be increased by the reported net income of the investeeD.requires the investment be decreased by the reported net income of the investee答案:A8.The term inventory indicates ( )A.merchandise held for sale in the normal course of businessB.materials in the process of production or held for productionC.suppliesD.both A and B答案:D9.The accounting equation may be expressed as（ ）A.Assets = Equities - LiabilitiesB.Assets + Liabilities = Owners EquityC.Assets = Revenues less LiabilitiesD.Assets - Liabilities = Owners Equity答案:D10.On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the （ ）A.total of the accounts receivables written-off during the yearB.total estimated uncollectible accounts as of the end of the yearC.sum of all accounts that are past due.D.Uncollectible accounts expense for the year答案:B11.Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?A.net income is understatedB.net income is overstatedC.cost of merchandise sold is understatedD.merchandise inventory reported on the balance sheet is overstated答案:A12.Which of the following groups are considered to be internal users of accounting information?A.Government and banksB.Employees and managersC.Employees and customersD.Customers and vendors答案:B13.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答案:C14.The percentage analysis of increases and decreases in individual items in comparative financial statements is called ( )A.vertical analysisB.solvency analysisC.profitability analysisD.horizontal analysis答案:D15.If the maker of a promissory note fails to pay the note on the due date, the note is said to be( )A.displacedB.dishonoredC.dishonoredD.disallowed答案:B16.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答案:D17.A bank reconciliation should be prepared periodically because ( )A.the depositors records and the banks records are in agreementB.the bank must make sure that its records are correctC.the bank has not recorded all of its transactionsD.any differences between the depositors records and the banks records should be determined, and any errors made by either party should be discovered and corrected答案:D18.Which of the following entries records the acquisition of office supplies on account?A.Office Supplies, debit; Cash, creditB.Office Supplies, debit; Accounts Payable, creditC.Cash, debit; Office Supplies, creditD.Accounts Receivable, debit; Office Supplies, credit答案:B19.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 （ ）A.solvency and profitabilityB.solvency and liquidityC.solvency and leverageD.solvency and equity答案:A20.Low Company owns 40% of the voting stock of High Corporation and uses the equity method in recording this investment. High Corporation reported a $10,000 net loss. Low Corporations entry would in