会计专业英语20春期末考核-00001温馨提示：请认真核对好题目内容后再进行下载试卷总分:100 得分:70一、单选题 (共 15 道试题,共 30 分)1.Using accrual accounting, expenses are recorded and reported only（ ）A.when they are incurred, whether or not cash is paidB.when they are incurred and paid at the same timeC.if they are paid before they are incurredD.if they are paid after they are incurred答案:A2.Notes may be issued ( )A.when assets are purchasedB.to creditors to temporarily satisfy an account payable created earlierC.when borrowing moneyD.all of the above答案:D3.A capital expenditure results in a debit to ( )A.an expense accountB.a capital accountC.a liability accountD.an asset account答案:D4.Which of the following should not be considered cash by an accountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash funds答案:C5.Current liabilities are( )A.due, but not receivable for more than one yearB.due, but not payable for more than one yearC.due and receivable within one yearD.due and payable within one year答案:D6.The excess of issue price over par of common stock is termed a(n) （ ）A.discountB.incomeC.deficitD.premium答案:D7.All of the following below are needed for the calculation of depreciation except( )A.costB.residual valueC.estimated lifeD.book value答案:D8.In the accounting cycle, the last step is（ ）A.preparing the financial statementsB.journalizing and posting the adjusting entriesC.preparing a post-closing trial balanceD.journalizing and posting the closing entries答案:C9.Stockholders equity （ ）A.is usually equal to cash on handB.includes paid-in capital and liabilitiesC.includes retained earnings and paid-in capitalD.is shown on the income statement答案:C10.Financial reports are used by（ ）A.managementB.creditorsC.investorsD.all of the above答案:D11.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答案:D12.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 include a ( )A.Debit to the investment account for $10,000B.Debit to the investment account for $4,000C.Credit to the investment account for $4,000D.Debit to a loss account for $4,000答案:C13.The two methods of accounting for investments in stock are the cost method and the （ ）A.straight-line methodB.equity methodC.liability methodD.interest method答案:B14.Expenses are reported on the( )A.income statementB.statement of owners equityC.statement of cash flowsD.balance sheet答案:A15.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:A二、多选题 (共 10 道试题,共 20 分)16.Current liabilities include( )A.accounts payableB.short-term notes payableC.wages payableD.taxes payableE.bonds payable答案:ABCD17.Which of the following should be considered cash by an accountant?A.coinsB.bank checking accountsC.postage stampsD.Petty cash fundsE.IOU（I owe you)答案:ABD18.Trade Discounts ( )A.reductions from the list priceB.not recognized in the accounting recordsC.customers are billed net of discountsD.gross method vs. net methodE.same as cash discount答案:ABC19.Accrual Basis of Accounting ( )A.revenue reported when earnedB.revenue reported when cash is receivedC.expense reported when incurredD.properly matches revenues and expenses in determining net incomeE.requires adjusting entries at end of period答案:ACDE20.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.fixed assetsE.patents答案:AB21.Accruals fall into two categories, they are ( )A.prepaid expenseB.unearned revenueC.accrued expensesD.accrued revenuesE.deferred revenue答案:CD22.Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error?A.cost of merchandise sold is overstatedB.owners equity is overstatedC.net income is understatedD.gross profit is understatedE.net income is overstated答案:BE23.Notes may be issued ( )A.when fixed assets are purchasedB.to creditors to temporarily satisfy an account payable created earlierC.when available-for-sale securities are soldD.when borrowing moneyE.pay cash dividends答案:ABD24.Current assets include( )A.intangible assetsB.cashC.receivablesD.short-term investmentsE.inventoriesF.property, plant and equipment答案:BCD25.The primary purpose of a stoc