知到会计与财务管理专业英语智慧树答案

绪论 单元测试

1:Basic accounting addresses introduction to the concepts and principles of the accounting process, the technical and procedural aspects of preparing external financial statements.( ）

正确答案: 【对

2:The primary function of financial accounting is to provide useful financial information to external users of the business enterprise. ( ）

正确答案: 【对

第一章 单元测试

1:Accountants refer to an economic event as a （）.

A:purchase

B:sale

C:transaction

D:change in ownership

正确答案: 【transaction

2:The process of recording transactions has become more efficient because （）

A:fewer events can be quantified in financial terms

B:computers are used in processing business events

C:more people have been hired to record business transactions

D:business events are recorded only at the end of the year

正确答案: 【computers are used in processing business events

3:Communication of economic events is the part of the accounting process that involves （） .

A:identifying economic events

B:quantifying transactions into dollars and cents

C:preparing accounting reports

D:recording and classifying information

正确答案: 【preparing accounting reports

4:Which of the following events cannot be quantified into dollars and cents and recorded as an accounting transaction? （）

A:The appointment of a new accounting firm to perform an audit.

B:The purchase of a new computer.

C:The sale of store equipment.

D:Payment of income taxes.

正确答案: 【The appointment of a new accounting firm to perform an audit.

5:The use of computers in recording business events （）

A:has made the recording process more efficient

B:does not use the same principles as manual accounting systems

C:has greatly impacted the identification stage of the accounting process

D:is economical only for large businesses

正确答案: 【has made the recording process more efficient

第二章 单元测试

1:A building is offered for sale at $500,000 but is currently assessed at $400,000. The purchaser of the building believes the building is worth $475,000, but ultimately purchases the building for $450,000. The purchaser records the building at （）

A:$50,000

B:$400,000

C:$450,000

D:$475,000

正确答案: 【$450,000

2:If the assets of a company increase by $100,000 during the year and its liabilities increase by $35,000 during the same year, then the change in equity of the company during the year must have been: （）

A:an increase of $135,000

B:a decrease of $135,000

C:an increase of $65,000

D:a decrease of $65,000

正确答案: 【an increase of $65,000

3:Net income will result during a time period when: （）

A:assets exceed liabilities

B:assets exceed revenues

C:expenses exceed revenues

D:revenues exceed expenses

正确答案: 【assets exceed liabilities

4:Performing services on account will have the following effects on the components of the basic accounting equation: （）

A:increase assets and decrease equity

B:increase assets and increase equity

C:increase assets and increase liabilities

D:increase liabilities and increase equity

正确答案: 【increase assets and increase equity

5:Which of the following events is not recorded in the accounting records? （）

A:Equipment is purchased on account.

B:An employee is terminated.

C:Cash investment is made into the business.

D:A company pays a cash dividend.

正确答案: 【An employee is terminated.

第三章 单元测试

1:Which of the following statements about normal account balances is false? （）

A:The normal account balance for a revenue account is a debit balance.

B:The normal account balance for a liability is a credit balance.

C:The normal account balance for an asset account is a debit balance.

D:The normal account balance for an expense account is a debit balance.

正确答案: 【The normal account balance for a revenue account is a debit balance.

2:What is the impact of debit entries? （）

A:Increase assets.

B:Increase expenses.

C:Decrease liabilities.

D:All of these are true.

正确答案: 【All of these are true.

3:The initial book for recording all transactions is known as .（）

A:journal

B:ledger

C:worksheet

D:trial balance

正确答案: 【journal

4:The process of transferring information from journal to the ledger is known as . （）

A:journalizing

B:posting

C:preparing financial statements

D:preparing a trial balance

正确答案: 【posting

5:The process of recording transactions in the journal is termed .（）

A:journalizing

B:posting

C:adjustment

D:reversing

正确答案: 【journalizing

第四章 单元测试

1:Which statement best describes prepaid expenses? ( )

A:Amounts due to the entity from others.

B:Amounts received by the entity for services yet to be performed.

C:Amounts paid in advance for services the entity will receive in the future.

D:Outflows of assets from providing products or services to customers.

正确答案: 【Amounts paid in advance for services the entity will receive in the future.

2:If accrued salaries were not recorded on December 31, how would the account balances be affected? （）

A:Assets are understated, equities are overstated.

B:Assets are overstated, equities are understated.

C:Liabilities are understated, equities are overstated.

D:Liabilities are overstated, equities are understated.

正确答案: 【Assets are overstated, equities are understated.

3:On the worksheet, the debit column of the statement of profit or loss and comprehensive income shows a total of $76,300. The credit column total is $82,400. What is the net income or loss? （）

A:The net income of this business is $7,100.

B:The net income of this business is $6,100.

C:The loss of this business is $7,100.

D:The loss of this business is $6,100.

正确答案: 【The net income of this business is $6,100.

4:Peter Ali received $5,000 for some excavation work to be done when the weather permitted. Peter thought it would be at least three weeks before he could start the job. Which statement best describes how the transaction is recorded? （）

A:An asset is debited, and a liability is credited.

B:A liability is debited, and an asset is credited.

C:A withdrawal is debited, and an asset is credited.

D:An asset is debited, and a revenue is credited.

正确答案: 【A liability is debited, and an asset is credited.

5:Which accounts will appear on the post-closing trial balance .( )

A:Unearned revenue, prepaid insurance expense, cash

B:Consulting revenue, prepaid rent expense, cash

C:Unearned revenue, insurance expense, cash

D:Consulting revenue, insurance expense, cash

正确答案: 【Unearned revenue, prepaid insurance expense, cash

第五章 单元测试

1:The statement that shows net income for a period is known as the statement of cash flows. ( )

正确答案: 【错

2:The statement that shows net loss for a period is known as the statement of profit or loss and other comprehensive income. ( )

正确答案: 【对

3:The statement of changes in owners’ equity contains assets, liabilities and capital. ( )

正确答案: 【错

4:Which item is an end product of the accounting process?（）

A:Journal.

B:Ledger.

C:Trial balance.

D:Financial statement.

正确答案: 【Financial statement.

5:Which components are included in a complete set of financial statements? （）

A:Statement of financial position;

B:Statement of profit or loss and other comprehensive incomes;

C:Statement of changes in owners’ equity;

D:Statement of cash flows.

正确答案: 【Statement of financial position;

Statement of profit or loss and other comprehensive incomes;

Statement of changes in owners’ equity;

Statement of cash flows.

第六章 单元测试

1:A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals ( ).

A:$743,000

B:$550,000

C:$357,000

D:$193,000

正确答案: 【$357,000

2:A company purchased $4,500 of merchandise on May 1 with terms of 2/10, n/30. On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to. The cash paid on May 8 is ( ).

A:$4,500

B:$4,200

C:$4,410

D:$4,165

正确答案: 【$4,165

3:For each statement below, identify which statement applies to the periodic inventory system. ( )

A:Be normally used for relatively inexpensive goods.

B:Keep a running computerized record of merchandise inventory.

C:Require a physical count of inventory to determine the quantities on hand.

D:Use bar codes to keep up-to-the-minute records of inventory.

E:Achieve better control over merchandise inventory.

正确答案: 【Be normally used for relatively inexpensive goods.

Require a physical count of inventory to determine the quantities on hand.

4:Which of the following statement is true? （）

A:Gross profit−Cost of goods sold= Sales revenue.

B:Sales revenue + Gross profit= Cost of goods sale.

C:Gross profit = Sales revenue−Cost of goods sold.

D:Sales revenue + Cost of goods sold = Gross profit.

正确答案: 【Gross profit = Sales revenue−Cost of goods sold.

5:When the perpetual inventory system is used, the inventory sold is debited to （）.

A:supplies expense

B:cost of merchandise

C:merchandise inventory

D:sales

正确答案: 【cost of merchandise

第七章 单元测试

1:Cash, not including cash equivalents, includes . ( )

A:postage stamps B

B:coins, currencies, and checking accounts

C:IOUs

D:two-year certificates of deposit

E:money market funds

正确答案: 【coins, currencies, and checking accounts

2:The entry necessary to establish a petty cash fund should include . ( )

A:a debit to cash and a credit to petty cash

B:a debit to cash and a credit to cash over and short

C:a debit to petty cash and a credit to cash

D:a debit to petty cash and a credit to accounts receivable

E:a debit to cash and a credit to petty cash over and short

正确答案: 【a debit to petty cash and a credit to cash

3:Cash is the most liquid asset and most subject to theft and fraud. ( )

正确答案: 【对

4:After preparing a bank reconciliation, adjustments must be made for the items reconciling the bank balance and the items reconciling the book balance. ( )

正确答案: 【错

5:A bank reconciliation explains any differences between the balance of a checking account in the depositor’s records and the balance reported in the bank statement. ( )

正确答案: 【对

第八章 单元测试

1:When a customer purchases merchandise inventory from a business organization, he may be given a discount, which is designed to induce prompt payment. Such a discount is called the . ( )

A:trade discount

B:nominal discount

C:enhancement discount

D:cash discount

正确答案: 【cash discount

2:Accounts receivable information for specific customers because it reveals . ( )

A:how much each customer has purchased on credit

B:how much each customer has paid

C:how much each customer still owes

D:the basis for sending bills to customers

E:all of the above

正确答案: 【all of the above

3:Companies use two methods to account for uncollectible accounts: the direct write-off method and the allowance method. ( )

正确答案: 【对

4:Under the allowance method of accounting for uncollectible accounts receivable, no attempt is made to estimate the bad debt expense. ( )

正确答案: 【错

5:A company has sales of $350,000, and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debt expense is $2,450. ( )

正确答案: 【对

第九章 单元测试

1:Goods in transit are included in a purchaser’s inventory . ( )

A:at any time during transit

B:when the purchaser is responsible for paying freight charges

C:when the supplier is responsible for paying freight charges

D:if the goods are shipped to FOB destination

E:after the half-way point between the buyer and the seller

正确答案: 【when the purchaser is responsible for paying freight charges

2:Physical counts of inventory . ( )

A:are not necessary under the perpetual inventory system

B:are necessary to measure and adjust for inventory shrinkage

C:must be taken at least once a month

D:require the use of hand-held portable computers

E:are not necessary under the cost-to-benefit constraint

正确答案: 【are necessary to measure and adjust for inventory shrinkage

3:Incidental costs often added to the costs of inventory include import duties, freight, storage, and insurance. ( )

正确答案: 【对

4:The cost flow assumption adopted must be consistent with the physical movement of the goods. ( )

正确答案: 【错

5:An advantage of the weighted average inventory method is that it tends to smooth out the erratic changes in costs. ( )

正确答案: 【对

第十章 单元测试

1:The estimate of amount to be recovered at the end of an asset’s useful life is . ( )

A:cost

B:net value

C:depreciation

D:salvage value

正确答案: 【salvage value

2:Which of the following is NOT a characteristic of fixed asset? ( )

A:The asset must be held for use and not for investment.

B:The asset must have an expected life of more than one year.

C:The asset must be tangible in nature.

D:The asset cannot change the physical substance.

正确答案: 【The asset cannot change the physical substance.

3:Depreciation is a process of determining the value of assets. ( )

正确答案: 【错

4:An increase in repair and maintenance costs and a decrease in revenue-producing ability in the later years of an asset’s useful life suggest that accelerated methods can better match revenues and expenses. ( )

正确答案: 【对

5:The choice of depreciation methods requires that the depreciation method used reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the entity. ( )

正确答案: 【对

第十一章 单元测试

1:Granted by the government, conveying the exclusive right to use a product or process for a period of certain years is . ( )

A:patent

B:copyright

C:trademark

D:franchise and license

正确答案: 【patent

2:If purchased externally, intangible assets should be initially recorded at their . ( )

A:historical cost

B:fair value

C:book value

D:amortized cost

正确答案: 【historical cost

3:The method of amortization should reflect the pattern in which the economic benefits of the intangible assets are consumed or otherwise used up. ( )

正确答案: 【对

4:Intangible assets with a limited useful life such as patents are usually converted to expenses over a number of accounting periods. ( )

正确答案: 【对

5:Goodwill is the amount by which the purchase price exceeds the fair value of the net assets. ( )

正确答案: 【