《财务会计》相关复习题(英文版).docx

财务会计复习题Circ1.ethe1.etterofthebestresponse*1. Whichofthefo1.1.owingstatementsisfa1.se?A. Accountingistheinfo'三ationsystemthatBeasuresbusinessactivities,processesthatinformationintoreports,andconmunicatestheresu1.tstodecisionmakers.B. Financia1.statementsreportfinancia1.irfo11re1.inabou1.abusinessentitytodecisionIrHkers.C. Ownersofacorporationarepersona1.Iy1iab1.eforthedebtsofthecorporation.D. Thepurposeoffinancia1.accountingistoprovideinformationtopeop1.eoutsideoftheentity,suchasinvestorsandcreditors.2. WiIburownsandoperatesafishingtack1.eshop.Wi1.burneedstoborrowmoneyIoexpand：therefore,hepreparedfinancia1.statementstopresenttohisbnnker.Wi1.burobtainedappraisa1.sofa1.1.theassetsofthebusinesstoensurethattheba1.ancesheetwou1.dref1.ectthe三ostcurrentva1.ueoftheassets.Wi1.burhasvio1.atedwhichofthefo1.1.owingprincip1.esorconcepts?A. Re1.iabi1.ityprincip1.eB. Costprincip1.eC. Going-concernprincip1.eD. Stab1.e-rnonetary-unitconcept3. WhichofIhcfo1.1.owingistrue?A. OWners'Equity-Assets=UabiIitiesB. Assets-OWners'Equity=1.iabi1itiesC. Assets+1.iabi1.ities=OWners'EquityD. 1.iabi1.ities=Owners'Equity+Assets4. G.I1.arrisonIncexperiencedadecreaseintota1.assetsof$2.OOOduringthecurrentyear.Duringthesameyear,tota1.1iabi1.itiesdecreased$6.000.Ifdividendsfortheyearwere$10,000andtheownersmadenoadditiona1.investment,howmchwasnetincome?A.$14,000B. $6.000C. 51«.000D. S2,0005. Whichofthefo1.1.owingstatementsistrue?A. Theincomestatementreportsa1.1changesinassets,1.iabi1.ities,andstockho1.ders*equityofthebusinessduringtheperiod.B. Revenuesandexpensesarereportedon1.yontheba1.ancesheet.C. Thestatementofcashf1.owsreportscashf1.owsfromthreetypesofbusinessactivitiescashreceipts,cashpay三ents.andinvesting.D. Onthestatementofretainedearnings,thenetincomefortheperiodisaddedtothebeginningba1.anceofretainedearnings.6. Whichofthefo1.1.owingS1.ateinentsisnottrue?A. Investingactivitiesre1.atetotheinvestmentbyownersintothebusiness.B. PayingdividendsisanQXamP1。ofafinancingactivity.C. Operatingactivitiesarethetu>stimpor<an1.typeofbusinessactivity.D. MandKCrSmustnukedecisionsaboutopera1.i11,investing,andfinancingac1.ivities.7. Onwhichfinancia1.statementcantheendingba1.anceinretainedearningsbefound?A. Ha1.ancesheetB. IncomeStateaentC. StatementofretainedearningsD. BothAandC8. Whichoftheseisanexamp1.eofanassetaccount?A. ServiceRevenueB. DividendsC. Supp1.iesD. A1.1.oftheabveareassets9. DobsonCompanypaidS1.200onaccount.TheeffectofthistransactiononDobson'saccountingequationisto：A. decrease1.iabi1.itiesandincreasestockho1.ders*equity.B. decreaseassetsanddecrease1.iabi1.ities.C. havenoeffectontota1.assets.D. decreaseassetsanddecreasestockho1.ders*equity.10. Whichofthesestatementsisfa1.se?A. Decreasesin1.iabi1.itiesandincreasesinrevenuesarerecordedwithacredit.B. Decreasesinassetsandincreasesinstockho1.ders*equityarerecordedwithacredit.C. Increasesinbothassetsandexpensesarerecordeduithadebit.D. Increasesinassetsanddecreasesin1.iabi1.itiesarerecordedwithadebit.11. NotePayab1.ehasaror11a1.beginningba1.anceof$10,200.DUrinKtheperiod>nuwborrowingstota1.$100,000andpay三entson1.oanstota1.$20,600.Determinethecorrectendingba1.anceinNotePayab1.e.A.$39,200,debitB.$119,600,creditC.$39,200,creditD.S160,800.credit12. Whichofthesestatementsiscorrect?A. Theaccountisabasicsummarydeviceusedinaccounting.B. Abusinesstransactionisrecordedfirstinthejourna1.andthenpostedtothe1.eder.C. Inthejourna1.entry,a1.Iaccountsthatareincreasedare1.istedfirstandthena1.Iaccountsthataredecreasedare1.istednext.D. BothAandBarecorrect.13. Whichoftheseaccountshasanorma1.debitba1.ance?A. Sa1.aryExpenseB. ACCCUnISPayab1.eC. ServiceRevenueD. BothAandB14. TheMay31tria1.ba1.ancereportsacreditba1.anceof$5,OOOforServiceRevenue.Duringthemonth,oneentryfor$10hadbeenpostedinerrorasadebittoServiceRevenue.UhatisthecorrectIva1.anceofServiceRevenueatMay31?A. Sh980B. $1,990C.$5,020D.$5,01015. Thebeirni11Cashaccountba1.anceis$38»700.Duringtheperiod,cashdisbursemenistota1.ed$144,600.IfendingCashis$51,200.thencashreceiptsmusthavebeen：A.$105,900B.$234,500C.$132,100D.S1.57,10016. Usethefo1.1.owingse1.ectedinf1111a1.iorforthePerrimanCoepanytoca1.cu1.atethecorrectcreditco1.umntota1.foratria1.ba1.ance：Accountsreceivab1.e$27.200Accountspayab1.e15,900Bui1.dinx359,600Cash55,600Conmonstock1S5,000Dividends1,800Insuranceexpense1,800Retainedearnings133.800Sa1.aryexpense52,500Sa1.arypayab1.e3,600Servicerevenue193,200A.S365.600B.$331,700C.5501,500D.S506t30017. Thejourna1.entrytorecordtheperformanceofservicesonaccountforS1,200is：A.AccountsPayab1e1.200ServiceRevenue1.200B.AccountsReceivab1.e1,200ServiceRevenue1.200C.Cash1.200ServiceRevenue1.200D.ServiceRevenue1.200AccountsPayab1.e1.20018. TheSma11woodCorporationbeganoperationsonJanuary1.20X8.During20X1,Sma1.I