试卷装订线
1.Using accrual accounting, revenue is recorded and reported only
a. when cash is received without regard to when the rvices are rendered
b. when the rvices are rendered without regard to when cash is received
c. when cash is received at the time rvices are rendered千禧果的功效与作用
d. if cash is received after the rvices are rendered
2. Which one of the following below reflects a weak internal control system?
a. all employees are well supervid
b. a single employee is responsible for comparing a receiving report to an invoice
c. all employees must take their vacations
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d. a single employee is responsible for collecting and recording of cash
3. Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expen is estimated at 3% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is
a. $18,500
b. $17,500
c. $18,000
d. none of the above
陕西科技大学是几本4. Allowance for Doubtful Accounts has a credit balance of $1,100 at the end of the year (before adjustment), and an analysis of customers' accounts indicates doubtful accounts of $12,900. Which of the following entries records the proper provision for doubtful accounts?
a. debit Uncollectible Accounts Expen, $14,000; credit Allowance for Doubtful Accounts, $14,000
b. debit Allowance for Doubtful Accounts, $14,000; credit Uncollectible Accounts Expen, $14,000
c. debit Allowance for Doubtful Accounts, $11,800; credit Uncollectible Accounts Expen, $11,800
d. debit Uncollectible Accounts Expen, $11,800; credit Allowance for Doubtful Accounts, $11,800
5. On June 8, Acme Co. issued an $80,000, 6%, 120-day note payable to Still Co. Assume that the fiscal year of Acme Co. ends June 30. What is the amount of interest expen recognized by Acme in the current fiscal year?
a. $293.33
b. $400.00
c. $391.11
d. $1,600.00
6. Which of the following is not characteristic of a corporation?
a. The financial loss that a stockholder may suffer from owning stock in a public company is limited.
b. Cash dividends paid by a corporation are deductible as expens by the corporation.
幸福离我有多远c. A corporation can own property in its name.
d. Corporations are required to file federal income tax returns.
7. A corporation issues 2,000 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
a. $20,000
b. $32,000
c. $12,000
汉废帝d. $2,000
8. Office salaries, depreciation of office equipment, and office supplies are examples of what type of expen?
a. lling expen
b. miscellaneous expen
c. administrative expen
d. other expen
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9. A new machine with a purcha price of $94,000, with transportation costs of $8,000, installation costs of $6,000, and special acquisition fees of $2,000, would have a cost basis of
a. $ 96,000
b. $108,000
c. $102,000
d. $110,000
10. A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the cond full year, during which the machine was ud 5,000 hours?
a. $8,000
b. $20,000
c. $12,000
d. $21,667
11. Equipment with a cost of $80,000, an estimated residual value of $5,000, and an estimated life of 15 years was depreciated by the straight-line method for 5 years. Due to obsolescence, it was determined that the uful life should be shortened by 5 years and the residual value changed to zero. The depreciation expen for the current and future years is 政府支出乘数
a. $5,500
b. $11,000
c. $10,000
d. $5,000
12. A capital expenditure results in a debit to
a. an expen account
b. a capital account
c. a liability account
d. an ast account
13.Which intangible asts are amortized over their uful life?
a. trademarks
b. goodwill
c. patents
d. all of the above
14.All things being equal except the ratio of fixed asts to long-term liabilities, a lender would prefer to lend to a company who ratio is
a. 1.0
b. 2.0
c. 3.0
d. 3.5
15. On June 8, Acme Co. issued an $80,000, 6%, 120-day note payable to Still Co. Assume that the fiscal year of Still Co. ends June 30. What is the amount of interest revenue recognized by Still in the following year?华为nova青春版
a. $1,200.00
b. $1,208.89
c. $1,306.67
d. $1,600.00
16.Which of the accounting assumption, principle, or constraints that matches the description： Petty cash is not credited when cash are paid for small expenditures.
