基础会计英文版复习参考题.docx
- 文档编号:2424577
- 上传时间:2022-10-29
- 格式:DOCX
- 页数:13
- 大小:15.81KB
基础会计英文版复习参考题.docx
《基础会计英文版复习参考题.docx》由会员分享,可在线阅读,更多相关《基础会计英文版复习参考题.docx(13页珍藏版)》请在冰豆网上搜索。
基础会计英文版复习参考题
1. Abusinessentityisregardedasseparatefromthepersonalactivitiesofitsownerswhetheritisasoleproprietorship,apartnership,oracorporation.
True False
2. Assetsneednotalwayshavephysicalcharacteristicssuchasbuildings,machineryorinventory.
True False
3. Thegoingconcernprincipleassumesthatthebusinesswillcontinueindefinitely.
True False
4. Notespayableandaccountspayablearewrittenpromisestopayanamountowedbyacertaindate.Notespayablegenerallyhaveinterestbutaccountspayablegenerallydonot.
True False
5. Anetprofitresultsfromhavingmorerevenuesthanliabilities.
True False
6. Thesaleofadditionalsharesofcapitalstockwillcausetreasurystocktoincrease.
True False
7. Articulationbetweenthefinancialstatementsmeansthattheyrelatecloselytoeachother.
True False
8. Limitedliabilitymeansthatownersofabusinessareonlyliableforthedebtsofthebusinessuptotheamountstheycanafford.
True False
9. Inabusinessorganizedasacorporation,itisnotnecessarytolisttheequityofeachstockholderonthebalancesheet.
True False
10. Totalassetsalwaysequaltotalliabilitiesplustotalowners'equity.
True False
11. Acashflowstatementreportsrevenueandexpenseactivitiesforaspecifictimeperiodsuchasonemonthoroneyear.
True False
12. Anybusinesseventthatmightaffectthefutureprofitabilityofabusinessshouldbereportedinitsbalancesheet.
True False
13. Totalassetsplustotalliabilitiesequalstotalowners'equity.
True False
14. Thepracticeofshowingassetsonthebalancesheetattheircostratherthanattheircurrentmarketvalueisexplainedinpartbythefactthatcostissupportedbyobjectiveevidencethatcanbeverifiedbyindependentexperts.
True False
15. Therealizationprinciplestatesthattheactivitiesofanentityshouldbekeptseparatefromthoseofitsowner.
True False
16. Theentityprinciplestatesthattheaffairsoftheownersarenotpartofthefinancialoperationsofabusinessentityandshouldbeseparated.
True False
17. Theaccountingequationmaybestatedas"assetsminusliabilitiesequalsowners'equity."
True False
18. Atransactionthatcausesanincreaseinanassetmayalsocauseadecreaseinanotherasset,anincreaseinaliability,oranincreaseinowners'equity.
True False
19. Thecollectionofanaccountreceivablewillcausetotalassetstodecrease.
True False
20. Thepaymentofaliabilitycausesanincreaseinowners'equity.
True False
21. Whenabusinessborrowsmoneyfromabank,theimmediateeffectisanincreaseintotalassetsandadecreaseinliabilitiesorowners'equity.
True False
22. Thepurchaseofanassetsuchasofficeequipment,forcashwillcauseowners'equitytodecrease.
True False
23. Theownerofasoleproprietorshipispersonallyliableforthedebtsofthebusiness,whereasthestockholdersofacorporationarenotpersonallyliableforthedebtsofthebusiness.
True False
24. Ifacompanypurchasesequipmentforcash,itstotalassetswillincrease.
True False
25. Ifacompanypurchasesequipmentbyissuinganotepayable,itstotalassetswillnotchange.
True False
26. Itisnotunusualforanentitytoreportasignificantincreaseincashfromoperatingactivities,butadecreaseinthetotalamountofcash.
True False
27. Thecashflowstatementprovidesalinkbetweentwobalancesheetsbyshowinghownetincome(orloss)haschangedowners'equityfromonebalancesheetdatetothenext.
True False
28. AccordingtoSarbanes-Oxley,internalcontrolsmustbeauditedbythesameaccountingfirmthatauditsthefinancialstatements.
True False
29. ThePublicCompanyAccountingOversightBoardwascreatedbytheAmericanInstituteofCPAstooverseethepublicaccountingprofession.
True False
30. Themajoroutgrowthfrombusinessfailuresandallegationsoffraudulentfinancialreportingduringthe1990'swasthepassageoftheSecuritiesandExchangeAct.
True False
Chapter02BasicFinancialStatementsAnswerKey
True/FalseQuestions
1. Abusinessentityisregardedasseparatefromthepersonalactivitiesofitsownerswhetheritisasoleproprietorship,apartnership,oracorporation.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
Legal
AICPAFN:
Reporting
LearningObjective:
2
LearningObjective:
8
2. Assetsneednotalwayshavephysicalcharacteristicssuchasbuildings,machineryorinventory.
TRUE
AACSB:
ReflectiveThinking
AICPABB:
CriticalThinking
AICPAFN:
Measurement
LearningObjective:
2
3. Thegoingconcernprincipleassumesthatthebusinesswillcontinueindefinitely.
TRUE
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 基础 会计 英文 复习 参考