专业英语习题
一、单项选择题
1. Which of the following are reported in the stockholders’ equity ction of the balance sheet? ( )
a.revenues and expens
b.dividends and retained earnings
c.common stock and dividends
d.common stock and retained earnings
2. Current asts are prented in the balance sheet in order of ( )
a.dollar amounts
b.liquidity
c.solvency
d.the alphabet
3. Current liabilities include all of the following except ( )
a.accrued wages payable
b.advance received from customer
c.current portion of long-term loan 我的加菲猫
d.prepaid expens
4. Credit terms of 2/10 n/30 indicate: ( )
a.a 2% discount if 10 items are purchad
b.no payment is required until the 31st day after the invoice date
c.实验动物科学a 10% discount if 2 items are purchad.
d.a 2% discount for amounts paid within 10 days of the invoice and the remaining balance due within 30 days
微信怎么解绑手机号5. Which statement regarding the inventory turnover ratio is Not True? ( )
a.The ratio measures the average rate of speed inventories move through and out of company.
b.Inventory turnover=Average Inventory COGS
c.Inventory turnover figures vary considerably from industry to industry.
d.A low inventory turnover can result from an overextended inventory position or from inadequate sales volume.
6. Which statement regarding the liabilities and owners’ equity ction of balance sheet is Fal? ( )
a.Payment of Dividend Payable eliminates both the asts and the owners’ equity
b.Liabilities are debts or obligations that must be discharged in money or rvices in the future
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c.Owners’ equity is a residual claim to the remaining asts after discharge of debts.
d.Balance sheet of corporations should parate Capital Stock and Retained Earnings.
7. What is the difference between the quick and current ratio? ( )
a.The quick ratio deals with the company’s ability to pay its liabilities whereas the current ratio does not
b.The current ratio is a more stringent(严格的) test of liquidity than the quick ratio.
c.The quick ratio excludes inventory, which the current ratio includes for calculation purpos.
d.Management primarily us the current ratio whereas investors and analysts are the primary urs of the quick ratio.
8. What of the following is Not an example of apportionment of recorded costs? ( )
a.Depreciation of fixed asts
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b.Reallocation of receipts in advance.
c.Expiration of insurance premium.
d.Consume of supplies.
9. For its most recent year, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The year's sales on account were $800,000. What was the amount of cash received from customers during the year? ( )
a.$790,000
b.$820,000
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c.$810,000
d.$800,000
10. Sales revenue $200,000, beginning inventory $30,000, inventory purchad $100,000 and inventory sold $90,000. It is true that ( )
a.goods available for sale (GAFS) equals $200,000
b.gross profit equals $110,000
c.ending inventory equals $30,000
d.cost of goods sold (COGS) equals $40,000
11. Urs of financial information may be classified as internal or external. Which following statement is true regarding financial information urs? ( )
a.External urs evaluate the performance of a company's management using management accounting reports.
b.Financial accounting provides information to managers and external urs, such as potential investors.
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挂壁式空调c.Many laws require managerial accounting reports be reported to various levels of the government.
d.Management accounting provides information to managers and external urs, such as potential investors.
12. What does the term ‘net realizable value’ mean regarding Accounts Receivable? ( )
a.Net realizable value is the balance in the Accounts Receivable account as of a given date.
b.Net realizable value is what a company’s Accounts Receivable accounts will bring if they are sold to a third party.
c.Accounts Receivable less Allowance for Uncollectible Accounts will equal the net realizable value of Accounts Receivable
d.Net realizable value is the balance in the Allowance for Uncollectible Accounts as of a given date.
