19春学期（1709、1803、1809、1903）会计专业英语在线作业-0002试卷总分:100 得分:0一、 单选题 (共 20 道试题,共 40 分)1.A characteristic of a fixed asset is that it is （ ）A.intangibleB.used in the operations of a businessC.held for sale in the ordinary course of the businessD.none of the above正确答案:B2.How is treasury stock shown on the balance sheet?A.as an assetB.as a decrease in stockholders equityC.as an increase in stockholders equityD.treasury stock is not shown on the balance sheet正确答案:B3.When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at ( )A.a premiumB.their face valueC.their maturity valueD.a discount正确答案:D4.The accounting equation may be expressed as（ ）A.Assets = Equities - LiabilitiesB.Assets + Liabilities = Owners EquityC.Assets = Revenues less LiabilitiesD.Assets - Liabilities = Owners Equity正确答案:D5.Which of the following should not be considered cash by an accountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash funds正确答案:C6.The two most common specialized fields of accounting in practice are( )A.forensic accounting and financial accountingB.managerial accounting and financial accountingC.managerial accounting and environmental accountingD.financial accounting and tax accounting systems正确答案:B7.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正确答案:D8.Under which method of cost flows is the inventory assumed to be composed of the most recent costs?A.average costB.last-in, first-outC.first-in, first-outD.weighted average正确答案:C9.What is the type of account and normal balance of Allowance for Doubtful Accounts?A.Contra asset, creditB.Asset, debitC.Asset, creditD.Contra asset, debit正确答案:A10.The business entity concept means thatA.the owner is part of the business entityB.an entity is organized according to state or federal statutesC.an entity is organized according to the rules set by the FASBD.the entity is an individual economic unit for which data are recorded, analyzed, and reported正确答案:D11.Cash dividends are usually not paid on which of the following?A.class B common stockB.preferred stockC.treasury stockD.class A common stock正确答案:C12.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 accountsD.The sum of all debits is always equal to the sum of all credits in each journal entry.正确答案:B13.Which of the following entries records the acquisition of office supplies on account?A.Office Supplies, debit; Cash, creditB.Cash, debit; Office Supplies, creditC.Office Supplies, debit; Accounts Payable, creditD.Accounts Receivable, debit; Office Supplies, credit正确答案:C14.The accounting equation may be expressed as( )A.Assets = Equities - LiabilitiesB.Assets + Liabilities = Owners EquityC.Assets = Revenues less LiabilitiesD.Assets - Liabilities = Owners Equity正确答案:D15.For accounting purposes, the business entity should be considered separate from its owners if the entity is( )A.a corporationB.a proprietorshipC.a partnershipD.all of the above正确答案:D16.A characteristic of a fixed asset is that it is ( )A.intangibleB.used in the operations of a businessC.held for sale in the ordinary course of the businessD.none of the above正确答案:B17.Which of the following financial statements reports information as of a specific date?A.income statementB.statement of owners equityC.statement of cash flowsD.balance sheet正确答案:D18.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 ( )A.convertible bondsB.unsecured bondsC.debenture bondsD.callable bonds正确答案:D19.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正确答案:B20.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 leverageB.solvency and profitabilityC.solvency and liquidityD.solvency and equity正确答案:B二、 判断题 (共 30 道试题,共 60 分)1.Paying an account payable increases liabilities and decreases assetsA.对B.错正确答案:B2.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:B3.Under the perpetual inventory system, when a sale is made, both the sale and cost of merchandise sold are recorded.