financialaccounting德州學(xué)院智慧樹知到答案2024年第一章測(cè)試

TheequationfortheStatementofCashFlowsis（）。

A:Netcashflowfrom(OperatingActivities+or-InvestingActivities+or–FinancingActivities)+BeginningCashbalance=EndingCashbalance

B:Netcashflowfrom(OperatingActivities+InvestingActivities+FinancingActivities)–BeginningCashbalance=EndingCashbalance

C:Netcashflowfrom(OperatingActivities–InvestingActivities+FinancingActivities)+EndingCashbalance=BeginningCashbalance

D:Netcashflowfrom(OperatingActivities–InvestingActivities–FinancingActivities)+BeginningCashbalance=EndingCashbalance

答案:AWhichitemisanasset?（）。

A:AccountsReceivable

B:Long-TermDebt

C:AccountsPayable

D:NotesPayable

答案:AIftotalliabilitiesdecreasedby$75,000andtotalassetsdecreasedby$90,000duringthesameaccountingtimeperiod,whathappenedtototalowners’equityduringthisperiod?（）。

A:$15,000increase

B:$90,000decrease

C:$90,000increase

D:$15,000decrease

答案:DAssuminganentitywillcontinuetooperatelongenoughtosellitsinventoriesandconvertanyreceivablestocashis（）。

A:Stable-monetary-unitassumption.

B:Historicalcostprinciple.

C:Entityassumption.

D:Continuity(going-concern)assumption.

答案:DWhichfinancialstatementreportsnetincomeanddividends?（）。

A:StatementofRetainedEarnings

B:StatementofCashFlows

C:IncomeStatement

D:BalanceSheet

答案:AThe______statesthatassetsshouldberecordedattheiractualcost.（）。

A:Stable-monetary-unitassumption

B:Historicalcostprinciple

C:Continuity(going-concern)assumption

D:Entityassumption

答案:BWhichfinancialstatementreportsrevenuesandexpenses?（）。

A:StatementofCashFlows

B:StatementofRetainedEarnings

C:IncomeStatement

D:BalanceSheet

答案:CMr.RonaldSmithistheownerofasmallbusiness.Hehasdecidedtosavemoneyduringhisinitialyearsofoperationbynothiringaprofessionalaccountant.Hemakesinflationadjustmentstoaccountinginformationtomakeitcomparableovertime.Whichaccountingprinciple,concept,orassumptiondoesthisviolate?（）。

A:Historicalcostprinciple

B:Continuity(going-concern)assumption

C:Entityassumption

D:Stable-monetary-unitassumption

答案:D

（）。

A:$100,000.00

B:$278,000.00

C:$338,000.00

D:$213,000.00

答案:D

（）。

A:$150,000.00

B:$120,000.00

C:$263,000.00

D:$127,000.00

答案:D

第二章測(cè)試

Thejournalis:（）。

A:Alistingofallopenaccountsandtheirbalances.

B:Alistingofallaccountsusedtorecordthebusinesstransactions.

C:Notnecessarytorecordtransactions.

D:Achronologicalrecordoftransactions.

答案:DWhichofthefollowingaccountsisdecreasedwithadebit?（）。

A:Cash

B:AccountsPayable

C:PayrollExpense

D:Equipment

答案:BWhichofthefollowingaccountsisdecreasedwithacredit?（）。

A:ServiceRevenue

B:AccountsReceivable

C:RentRevenue

D:AccountsPayable

答案:BTheXYZCompanyreceived$1,000foracustomeronaccount.Theentrytorecordthistransactionis:（）。

A:

B:

C:

D:

答案:CTheledgeris:（）。

A:AgroupingofallT-accounts,withtheirbalances.

B:Alwaysexpectedtohaveadebitbalance.

C:other

threechoicesarenottrue.D:Aneventthathasaneconomicimpactonthebusiness.

答案:AAtrialbalance:（）。

A:Listsallaccountswiththeirbalances.

B:Requiresthateverytransactionaffectatleasttwoaccounts.

C:Mandatesthatthedollarsumofthedebitsequalthatofthecreditsforeachtransaction.

D:other

threechoicesarenottrue.

答案:AWhenacompanysellsmerchandise,butthecustomerdoesnotpayitimmediately,itshould:（）。

A:CreditAccountsReceivable.

B:CreditAccountsPayable.

C:DebitAccountsReceivable.

D:Makenoentry.

答案:CAnexpense:（）。

A:Hasthesamenormalbalanceasliabilities.

B:Istheincreaseinstockholders’equityasaresultofprovidinggoodsorservices.

C:Isthedecreaseinstockholders’equityasaresultofprovidinggoodsorservices.

D:Isthedecreaseinliabilitiesasaresultofprovidinggoodsorservices.

答案:CEachofthefollowingisrevenueexcept:（）。

A:SalesRevenue

B:Dividends

C:ServiceRevenue

D:LegalFeesEarned

答案:BInanalyzingatransactionusingtheaccountingequation,whichaccountisincludedintheStockholders’Equitysection?（）。

A:AccountsReceivable

B:AccountsPayable

C:Revenue

D:Cash

答案:C

第三章測(cè)試

Whichofthefollowingisacurrentliability?（）。

A:AccountsPayable

B:Equipment

C:FurnitureandFixtures

D:Inventory

答案:AAdeferralis:（）。

A:other

threechoices

arenot

true.B:anadjustmentforreceiptofcashinadvance

C:anadjustmentforpaymentofaniteminadvance

D:bothanadjustmentforpaymentofaniteminadvanceandanadjustmentforreceiptofcashinadvance.

答案:DWhichaccountneedsanadjustmentattheendoftheperiod?（）。

A:AccountsPayable

B:Cash

C:Supplies

D:Land

答案:CThesuppliesaccounthasa$3,000beginningbalance.Suppliesintheamountof$5,000werepurchasedduringtheaccountingperiod.Anendinginventoryrevealeda$1,200balanceofsuppliesonhand.Theentrytoadjusttheaccountaccordinglyis:（）。

A:

B:

C:

D:

答案:BWhatistheaccountclassificationandnormalbalanceofPrepaidRent?（）。

A:Asset,credit

B:Contraasset,debit

C:Asset,debit

D:Contraasset,credit

答案:CThecompanyreceives36000foralegalserviceofsix-monthsinadvanceonOctober1,2014.WhatistheentryfortheprepaymentonOctober1,2014?（）。

A:

B:

C:

D:

答案:ARefertoQuestion6.WhatistheentrytomakethenecessaryadjustmentonDecember31,2014?（）。

A:

B:

C:

D:

答案:AWhichassetdoesnotdepreciate?（）。

A:Buildings

B:Furniture

C:Land

D:Equipment

答案:CWhichofthefollowingisnotatemporaryaccount?（）。

A:CommonStock

B:Dividends

C:Expense

D:Revenue

答案:AInadheringtotheexpenserecognitionprinciple:（）。

A:currentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincome.

B:expensesarerecordedintheperiodtheyareactuallyused.

C:bothexpensesarerecordedintheperiodtheyareactuallyusedandcurrentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincomearetrue.D:expensesarerecognizedwhencashispaid.

答案:C

第四章測(cè)試

Whichofthefollowingisnotacomponentofinternalcontrol?（）。

A:Informationsystem

B:Complywithlegalrequirements

C:Monitoringofcontrols

D:Riskassessment

答案:BLappingis:（）。

A:misappropriationofassets

B:bothmisappropriationofassetsandatypeoffraudC:atypeoffraud

D:fraudulentfinancialreporting

答案:BWhichofthefollowingisNOTanelementofthefraudtriangle?（）。

A:Opportunity

B:Rationalization

C:Ethics

D:Motive

答案:CWhichofthefollowingisNOTadocumentusedtocontrolabankaccount?（）。

A:Receipt

B:Signaturecard

C:Depositticket

D:Check

答案:AThebooksideofabankreconciliationwillincludewhichofthefollowing?（）。

A:Bankerrors

B:Electronicfundstransfers(EFT)

C:Depositsintransit

D:Outstandingchecks

答案:BTheSingletaryCorporationhadabeginningcashbalanceof$7,050duringthemonthofMarch.Thiscompanyisexpectedtocollect$4,500fromitsoutstandingaccountsreceivable.TheprojectedcashsalesforMarchare$9,000.Theoutstandingaccountspayablebalanceis$10,000,ofwhich30%istobepaidduringMarch.OperatingexpensesthataretobepaidduringMarchareprojectedtobe$12,000.IfpreparingacashbudgetforthemonthofMarch,whatistheendingcashbalance?（）。

A:11550

B:5550

C:-1450

D:1550

答案:BUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions7wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

Outstandingchecksamountto$2,640asoftheendofSeptember.（）。

A:Addtothebookbalance

B:Deductfromthebankstatementbalance

C:Doesnotappearonthebankreconciliation

D:Deductfromthebookbalance

E:Addtothebankstatementbalance

答案:BUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions8wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

TheSeptemberbankstatementreports$17ofinterestearned.（）。

A:Doesnotappearonthebankreconciliation

B:Addtothebookbalance

C:Deductfromthebankstatementbalance

D:Deductfromthebookbalance

E:Addtothebankstatementbalance

答案:BUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions9wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

Depositsintransittotal$5,600.（）。

A:Addtothebankstatementbalance

B:Deductfromthebookbalance

C:Addtothebookbalance

D:Doesnotappearonthebankreconciliation

E:Deductfromthebankstatementbalance

答案:AUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions10wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.

AnNSFcheckfromacustomerfor$800appearsontheSeptemberbankstatement.（）。

A:Addtothebookbalance

B:Addtothebankstatementbalance

C:Deductfromthebankstatementbalance

D:Doesnotappearonthebankreconciliation

E:Deductfromthebookbalance

答案:E

第五章測(cè)試

OnSeptember5,theXYZCo.madea$2,500creditsale,duein30days.OnOctober1,thecustomerrequestedandwasgrantedanextensiononthepayment.Thecustomerwasrequiredtosigna60-day,5%noteonthedayoftheextension.Paymentwasmadeonthematuritydateofthenote.

WhatistheentryonSeptember5torecordthecreditsale?（）。

A:

B:

C:

D:

答案:DRefertoQuestion1.Whatisthematurityvalueofthenote?(Roundtotheclosestdollar)（）。

A:$2,500.00

B:$2,479.00

C:$2,625.00

D:$2,521.00

答案:DRefertoQuestion1.WhatistheentrytorecordtheextensiononOctober1?（）。

A:

B:

C:

D:

答案:BRefertoQuestion1.Whatisthematuritydateofthenote?（）。

A:November29

B:November30

C:December1

D:November4

答案:BAccordingtoQuestion1,Whatistheentrytorecordreceiptofthepayment,onthematuritydateofthenote?（）。

A:

B:

C:

D:

答案:DWhenanaccountsreceivableaccounthasbeendeterminedtobeuncollectibletheentrytorecordthewriteoffusingtheallowancemethodwouldinclude:（）。

A:AdebittoUncollectibleAccountExpense.

B:AdebittoAccountsReceivable.

C:AcredittoNotesReceivable.

D:AdebittoAllowanceforUncollectibleAccounts.

答案:DWhichofthefollowingaboutfactoringareceivableisfalse?（）。

A:Thesellerreceivestheamountofthereceivablelessthefinancingexpenseschargedbythefinancialinstitution.

B:Thesellerlosescontroloverthecollectionprocess.

C:Thesellerreceivesthefullvalueoftheaccountsreceivable.

D:Factoringisoftenexpensivecomparedtothecostsofretainingthereceivableonthebooks.

答案:CAvailable-for-salesecuritiesarereportedonthebalancesheetat:（）。

A:other

threechoicesarenot

true.

B:Fairvalue.

C:Amortizedcost.

D:Historicalcost.

答案:BAnunrealizedgainoccurs:（）。

A:Ifthefairvalueoftheinvestmentisgreaterthanthecurrentrecordedvalue.

B:other

three

choicesarenot

true.

C:Ifthefairvalueoftheinvestmentislessthanthecurrentrecordedvalue.

D:Ifthesalespriceisgreaterthantheinvestmentcarryingamount.

答案:AWhichmethodofwritingoffanuncollectibleaccountdoesnotviolatetheexpenserecognitionprinciple?（）。

A:BothDirectwrite-offmethodandAllowancemethodB:NeitherDirectwrite-offmethodorAllowancemethodC:Directwrite-offmethod

D:Allowancemethod

答案:D

第六章測(cè)試

Theexcessofsalesrevenueovercostofgoodssoldis:（）。

A:endinginventory.

B:beginninginventory.

C:costofgoodssold.

D:grossprofit.

答案:DTheperpetualinventorysystem:（）。

A:isusedbymostbusinesses.

B:requiresanannualcountofinventoryonhand.

C:keepsacontinuousrecordforeachinventoryitem.

D:otherthreechoicesaretrue.

答案:DCostofgoodssold:（）。

A:isthenumberofunitsofinventorysoldmultipliedbycostperunitofinventory.

B:willalwaysbelowerwhenusingLIFOratherthanFIFO,duringaperiodofrisingprices

C:willbethesameamountwhenusingLIFOorFIFO,duringaperiodofrisingprices.

D:isthenumberofunitsofinventorypurchasedmultipliedbycostperunitofinventory.

答案:AMerchandiseinventory:（）。

A:neitheristhecostofinventorythathasbeensoldorisanexpenseontheincomestatementB:bothisthecostofinventorythathasbeensoldandisanexpenseontheincomestatementC:isanexpenseontheincomestatement

D:isthecostofinventorythathasbeensold

答案:A（）。

A:$28.70

B:$27.33

C:$25.00

D:$22.00

答案:ARefertoQuestion5.Usingtheaveragecostmethod,whatisthecostofgoodssold?（）。

A:$2,152.50

B:$1,875.00

C:$717.50

D:$2,049.75

答案:ARefertoQuestion5.Whatvalueisassignedtotheendinginventory,ifusingFIFO?（）。

A:$595.00

B:$550.00

C:$875.00

D:$625.00

答案:C

（）。

A:$75,000

B:$35,000

C:$55,000

D:$20,000

答案:BRefertoQuestion8.Whatisthegrossprofitforthiscompany?（）。

A:$197,000

B:$35,000

C:$182,000

D:$162,000

答案:CInventoryturnover:（）。

A:otherthreechoices

arenottrue.B:indicateshowrapidlyinventoryissold.

C:bothindicateshowrapidlyinventoryissoldandistheratioofcostofgoodssoldtoaverageinventoryD:istheratioofcostofgoodssoldtoaverageinventory.

答案:C

第七章測(cè)試

"Case7-1:UsetheinformationbelowtoanswerQuestions1-6.

Abusinesspurchasedanassetthathadatotalcostof$110,000andaresidualvalueof$10,000.Theassetisexpectedtoservicethebusinessforaperiodof10yearsorproduceatotalof1,000,000units.ThemachinewaspurchasedJanuary1stofthecurrentyearandhasbeeninserviceonecompleteyear.

RefertoCase7-1.Whatisthedepreciablecostoftheasset?"（）。

A:$120,000

B:$90,000

C:$100,000

D:$110,000

答案:CRefertoCase7-1.Usingthestraight-linemethod,whatistheamountofdepreciationexpenseinYeartwooftheasset’slife?（）。

A:$10,000

B:$12,000

C:$20,000

D:$11,000

答案:ARefertoCase7-1.Nowassumethebusinessusestheunits-of-productionmethod.Iftheassetproduces250,000unitsinYear1and200,000unitsinYeartwo,whatistheamountofdepreciationexpenseforYeartwo?（）。

A:$22,000

B:$20,000

C:$45,000

D:$25,000

答案:BRefertoCase7-1andQuestion3.WhatisthebookvalueoftheassetattheendofYeartwo,usingtheunits-of-productionmethod?（）。

A:$90,000

B:$80,000

C:$65,000

D:$60,500

答案:CRefertoCase7-1.WhatisthedepreciationexpenseinYearone,ifthedouble-declining-balancemethodisused?（）。

A:$22,000

B:$10,000

C:$11,000

D:$20,000

答案:ATheentrytorecordtheannualdepreciationdoesnotinclude:（）。

A:AdebittoAccumulatedDepreciation.

B:otherthreechoicesarenottrue.C:AcredittoAccumulatedDepreciation.

D:AdebittoDepreciationExpense.

答案:AIncalculatingthetotalcostofland,allcostsareincludedexcept:（）。

A:Brokeragecommission.

B:Fencing

C:Surveyfees

D:Purchaseprice.

答案:BIfaplantassetissoldandagainisincurred,theentrytorecordthesalewouldincludeadebitto:（）。

A:AccumulatedDepreciation.

B:PlantAsset.

C:GainonSaleofAsset.

D:SalesRevenue.

答案:AReturnonassets:（）。

A:iscalculatedasnetincome/averagetotalassets.

B:iscalculatedasnetincome/netsales.

C:iscalculatedasaveragetotalassets/netincome.

D:measurestheamountofsalesdollarsgeneratedbyeachdollarofassetsinvestedinthebusiness.

答案:AWhichofthefollowingstatementsisTRUE?（）。

A:Allocatingthecostofaplantassetoveritsusefullifeiscalleddepletion

B:Allocatingthecostofanaturalresourcetoanexpenseiscalleddepreciation.

C:Intangibleassetsareamortized.

D:other

threechoices

aretrue.

答案:C

第八章測(cè)試

TheAshleyCorporationpurchased$600,000of4%,5-yearbondsat97onJanuary1,2014.InterestistobepaidsemiannuallyonJanuary1andJuly1.

Thisisaheld-to-maturityinvestment.

Thiscompanyusesthestraight-linemethodtoamortizeanypremiumsordiscounts.Whatwasthepurchasepriceofthesebonds?（）A.$600,000

A:

$600,000B:

$540,000

C:$582,000

D:$618,000

答案:CRefertoQuestion1.WhatistheamountofInterestRevenuerecordedonJuly1,2014?（）

A:$13,800

B:$12,000

C:$24,000

D:$10,200

答案:ARefertoQuestion1.WhatisthecarryingamountofthebondonJuly1,2014?（）

A:$580,200

B:$583,800

C:$582,000

D:$600,000

答案:BWhichstatementregarding“available-for-saleinvestments”istrue?

（）

A:Availableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownership.

B:BothAvailableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownershipandIfthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestmentsaretrue.

C:Ifthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestments.

D:BothAvailableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownershipandIfthebusinessplanstoselltheinvestmentswithinayear,theyareclassifiedaslong-terminvestmentsarenottrue.

答案:AWhenanavailableforsaleinvestmentissold:（）

A:arealizedgainorlosscannotberecorded.

B:theamountoftherealizedgainorlossisthedifferencebetweentheamountreceivedandthecostoftheinvestment.

C:otherthreechoices

occur.

D:arealizedgainorlossisreportedasanexpenseontheIncomeStatement.

答案:BWhichofthefollowingistrueregardingequity-methodinvestments?（）

A:That

gainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

isnot

trueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentisnot

true.

B:Thatgainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

istrueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentis

true.

C:Gainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment.

D:TheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestment.

答案:BUndertheequitymethod,whenaninvestorcompanyrecordsitsshareofinvesteeincome,（）

A:theinvestorcompanywilldebitCashfortheirshareoftheincome.

B:"thefollowingentryisusedtorecordtherevenue:

Equity-MethodInvestmentXX

Equity-MethodInvestmentRevenueXX"

C:amemoentryisusedtorecordtherevenue.

D:theentrytorecordtherevenueis:

Equity-MethodInvestmentRevenueXX

Equity-MethodInvestmentXX"

答案:BWhichofthefollowingis/areeliminatedinthepreparationofaconsolidatedbalancesheet?（）

A:Stockholders’equityofthesubsidiary

B:Investmentaccount

C:Intercompanyreceivablesandpayables

D:selectotherthree

choicesall

答案:DOnthepurchasedate,long-termavailable-for-saleequitysecuritiesarereportedonthebalancesheetat:（）

A:amortizedcost

B:thelower-of-cost-or-market.

C:cost

D:fairvalue

答案:CTheUnrealizedGainonInvestmentinAvailable-for-SaleSecuritiesisreportedin:（）

A:OtherComprehensiveIncomeontheStatementofComprehensiveIncome

andAccumulatedOtherComprehensiveIncomeonthebalancesheetB:OtherRevenuesandGainsontheincomestatement.

C:AccumulatedOtherComprehensiveIncomeonthebalancesheet

D:OtherComprehensiveIncomeontheStatementofComprehensiveIncome

答案:A

第九章測(cè)試

Whichofthefollowingisnottrueaboutacontingentliability:（）

A:other

threechoices

arenot

true.B:Mustberecordedifitisremote.

C:Dependsonfutureoutcomeofpastevents.

D:Mustbedisclosedifitisreasonablypossible.

答案:BTheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesaleofthebondwouldincludea:（）

A:$30,000credittoBondsPayable.

B:$500,000credittoBondsPayable.

C:$500,000debittoAccountsPayable.

D:$500,000credittoCash.

答案:BTheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesemiannualinterestpaymentis:（）

A:"InterestExpense$15,000

InterestPayable$15,000"

B:"InterestExpense$15,000

Cash$15,000"

C:"InterestExpense$30,000

Cash$30,000"

D:"InterestExpense$30,000

InterestPayable$30,000"

答案:BWhichofthefollowingcurrentliabilitiesis/areaknownamount?

（）

A:otherthreechoices

areall

knownamounts.

B:UnearnedRevenue

C:AccountsPayable

D:PayrollLiabilities

答案:AWhichofthefollowingstatementsistrueinrelationshiptoacompanyfinancingwithdebtratherthanstock?（）

A:Tradingonequitymeansthatthebusinessearnslessbyinvestingborrowedfundsthanitpaysininterestexpenseonbonds.

B:Theprincipalamountmustberepaidatthematurityofthebonds.

C:Interestexpenseisnottax-deductiblewhiledividendsaretax-deductible.

D:Earningspersharewillgenerallybehigherwhenacompanyisfinancedwithstockratherthandebt.

答案:BOnJanuary1st,XYZCompanyissued$200,000,5-year,4%bonds.Themarketrateatthetimeofthesalewasgreaterthan4%sothebondsweresoldat93,sellingquantityis2000.InterestispayableJune30thandDecember31st.Theentrytorecordthesaleofthebondswouldincludea:（）

A:DebittoDiscountonBondsPayablefor$14,000.

B:CredittoBondsPayablefor$186,000.

C:DebittoCashfor$200,000.

D:CredittoCashfor$186,000.

答案:ARefertoQuestion6.IftheXYZCompanyusesthestraight-linemethodtoamortizediscountonthebonds,theentrytorecordthefirstinterestpaymentwouldinclude:（）

A:DebittoInterestExpensefor$5,400.

B:DebittoDiscountonBondsPayablefor$1,400.

C:CredittoCashfor$5,400.

D:DebittoInterestExpensefor$9,400.

答案:AAllofthefollowingarereportedascurrentliabilitiesEXCEPT:（）

A:salestaxpayable

B:accountspayable

C:notespayableduein6months

D:bondpayablefor5years

答案:DWhenabusinessreceivescashfromacustomerbeforeearningtherevenue,theycredit:（）

A:AccountsReceivable.

B:UnearnedRevenue

C:AccountsPayable

D:SalesTaxPayable

答案:BWhichofthefollowingstatementsisTRUEregardingpensionliabilities?（）

A:Iftheplanassetsexceedthepensionliability,theassetandobligationamountsarereportedonlyinthenotestothefinancialstatements.

B:otherthree

choicesaretrue.

C:Theyoriginatewhenabusinessprovidesretirementcompensationforitsemployees.

D:Ifthepensionobligationexceedsthemarketvalueoftheplanassets,thatexcessisreportedasaliability.

答案:B

第十章測(cè)試

Whichofthefollowingisarightofastockholder?（）

A:Voting

B:Preemption

C:selectotherthreeall.

D:Dividends

答案:CWhichofthefollowingispartofstockholders’equity?（）

A:Retainedearnings

B:BothPaid-incapital

andRetainedearnings

C:everyoneisnotpartof

stockholders’equityD:Paid-incapital

答案:BAnentityisauthorizedtosell60,000sharesof$11par,6%cumulativepreferredstockand110,000sharesof$7parcommonstock.Thereare30,000sharesofpreferredstockoutstandingand90,000sharesofcommonstockoutstanding.A$50,000cashdividendhasbeendeclaredbytheboardofdirectors.Nodividendsinarrearsexist.Whatisthetotalamounttobegiventothepreferredshareholder?（）

A:$39,600

B:$19,800

C:$50,000

D:$15,000

答案:BRefertoQuestion3.Howmuchisthecommonstockdividendpershare(rounded)?（）

A:$.095

B:$.275

C:$.336

D:$.116

答案:CTroyCorporationissued50,000sharesof$1parcommonstockatapriceof$5pershare.OnJune1,Troypurchased2,000sharesofitsownstockatacostof$7pershare.

OnDecember1,Troyresoldallthesharesfor$8each.TheentryonDecember1wouldincludewhichofthese?（）

A:GainontheSaleofTreasuryStock,$2,000

B:CredittoTreasuryStock,$14,000

C:BothCredittoPaid-inCapitalfromTreasuryStockTransactions,$2,000andCredittoTreasuryStock,$14,000D:CredittoPaid-inCapitalfromTreasuryStockTransactions,$2,000

答案:CTheentrytosell100sharesof$12parcommonstockat$17persharewouldincludea:（）

A:$1,200debittoCash.

B:$1,200credittoCommonStock.

C:$500debittoAdditionalPaid-inCapital.

D:$1,700credittoCommonStock.

答案:BWhichofthefollowingstatementsareNOTtrueregardingstocktransactions?（）

A:Dividendsmustbedeclaredbeforetheycanbepaid.

B:ThejournalentryforastocksplitincludesacredittoCommonStock.

C:Thepurchaseoftreasurystockisrecordedinacontra-equityaccountwithadebitbalance.

D:Alargestockdividendisrecordedatparvalue.

答案:BAuthorizedstockiswhichofthefollowing?（）

A:Thenumberofsharesthecompanyhasissuedtoitsstockholders

B:Thenumberofsharesthatthestockholdersown

C:Thenumberofsharesthatwillbedistributedinastockdividend

D:Themaximumnumberofsharesthecompanycanissue

答案:DIncalculatingtotalstockholders’equity,whichaccountisincluded?（）

A:PreferredStock

B:AccountsReceivable

C:DiscountonBondsPayable

D:Long-termInvestments

答案:ABraxtonCompanyusestheDuPontmodeltoanalyzeprofitability.

Whichstatement(s)is(are)correct?（）

A:ThecorrectformulaisROExLeverageratio=ROA

B:BothThecorrectformulaisROAxLeverageratio=ROEandROEshouldalwaysexceedROAarecorrect

C:ThecorrectformulaisROAxLeverageratio=ROE

D:ROEshouldalwaysexceedROA

答案:B

第十一章測(cè)試

Inwhichsectionofthestatementofcashflowswould“paymentofdividends”bereported?（）

A:Investingactivities

B:Investingactivities、Operatingactivities

and

FinancingactivitiesareallnottrueC:Financingactivities

D:Operatingactivities

答案:CPurchasesoflong-termassetsarereportedinwhichsectionofthestatementofcashflows?（）

A:Financingactivities

B:Operatingactivities

C:selectotherthreechoicesallD:Investingactivities

答案:DThestatementofcashflowsprovidesinformationabout:（）

A:decisionsmadebyacompany'smanagement.

B:acompany'sabilitytopayinterestanddividends.

C:selectotherthreechoicesall.

D:acompany'sfuturecashflows.

答案:CWhichofthefollowingdoesnothaveaneffectoncash?（）

A:paymentofadeclaredcashdividend.

B:issuanceoflong-termdebt.

C:recordingdepletionexpense.

D:otherthreechoicesare

not

right.

答案:CTheMNOcorporationpurchasedalargemachine7yearsagoatatotalcostof$500,000.Theaccumulateddepreciationonthismachineis$390,000.Thecorporationsoldthemachineata$20,000gain.Whatamountwouldbereportedascashproceedsfromthissale?（）

A:$110,000