虽氛抹炼颠互梅峰睛械硅煞曙
第一章 单元测试
1、 The equation for the Statement of Cash Flows is（ ）。
A:Net cash flow from (Operating Activities + or – Investing Activities + or–Financing Activities) + Beginning Cash balance = Ending Cash balance
B:Net cash flow from (Operating Activities – Investing Activities – Financing Activities) + Beginning Cash balance = Ending Cash balance
C:Net cash flow from (Operating Activities + Investing Activities + Financing Activities) – Beginning Cash balance = Ending Cash balance
D:Net cash flow from (Operating Activities – Investing Activities + Financing Activities) + Ending Cash balance = Beginning Cash balance
答案: Net cash flow from (Operating Activities + or – Investing Activities + or–Financing Activities) + Beginning Cash balance = Ending Cash balance
2、 Which item is an asset?（ ）。
A:Long-Term Debt
B:Accounts Payable
C:Accounts Receivable
D:Notes Payable
答案: Accounts Receivable
3、 If total liabilities decreased by $75,000 and total assets decreased by $90,000 during the same accounting time period, what happened to total owners’ equity during this period?（ ）。
A:$15,000 increase
B:$15,000 decrease
C:$90,000 increase
D:$90,000 decrease
答案: $15,000 decrease
4、 Assuming an entity will continue to operate long enough to sell its inventories and convert any receivables to cash is（ ）。
A:Stable-monetary-unit assumption.
B:Entity assumption.
C:Continuity (going-concern) assumption.
D:Historical cost principle.
答案: Continuity (going-concern) assumption.
5、 Which financial statement reports net income and dividends?（ ）。
A:Income Statement
B:Statement of Retained Earnings
C:Balance Sheet
D:Statement of Cash Flows
答案: Statement of Retained Earnings
6、 The ______ states that assets should be recorded at their actual cost.（ ）。
A:Stable-monetary-unit assumption
B:Continuity (going-concern) assumption
C:Entity assumption
D:Historical cost principle
答案: Historical cost principle
7、 Which financial statement reports revenues and expenses?（ ）。
A:Income Statement
B:Statement of Retained Earnings
C:Balance Sheet
D:Statement of Cash Flows
答案: Income Statement
8、 Mr. Ronald Smith is the owner of a small business. He has decided to save money during his initial years of operation by not hiring a professional accountant. He makes inflation adjustments to accounting information to make it comparable over time. Which accounting principle, concept, or assumption does this violate?（ ）。
A:Stable-monetary-unit assumption
B:Continuity (going-concern) assumption
C:Entity assumption
D:Historical cost principle
答案: Stable-monetary-unit assumption
9、
（ ）。
A:$100,000.00
B:$338,000.00
C:$278,000.00
D:$213,000.00
答案: $213,000.00
10、
（ ）。
A:$263,000.00
B:$150,000.00
C:$127,000.00
D:$120,000.00
答案: $127,000.00
第二章 单元测试
1、 The journal is:（ ）。
A:A listing of all open accounts and their balances.
B:A chronological record of transactions.
C:A listing of all accounts used to record the business transactions.
D:Not necessary to record transactions.
答案: A chronological record of transactions.
2、 Which of the following accounts is decreased with a debit?（ ）。
A:Accounts Payable
B:Equipment
C:Cash
D:Payroll Expense
答案: Accounts Payable
3、 Which of the following accounts is decreased with a credit?（ ）。
A:Rent Revenue
B:Accounts Payable
C:Accounts Receivable
D:Service Revenue
答案: Accounts Receivable
4、 The XYZ Company received $1,000 for a customer on account. The entry to record this transaction is:（ ）。
A:
B:
C:
D:
答案:
5、
The ledger is:（ ）。
A:A grouping of all T-accounts, with their balances.
B:An event that has an economic impact on the business.
C:Always expected to have a debit balance.
D:other three choices are not true.
答案: A grouping of all T-accounts, with their balances.
6、
A trial balance:（ ）。
A:Requires that every transaction affect at least two accounts.
B:Mandates that the dollar sum of the debits equal that of the credits for each transaction.
C:Lists all accounts with their balances.
D:other three choices are not true.
答案: Lists all accounts with their balances.
7、 When a company sells merchandise, but the customer does not pay it immediately, it should:（ ）。
A:Credit Accounts Payable.
B:Make no entry.
C:Credit Accounts Receivable.
D:Debit Accounts Receivable.
答案: Debit Accounts Receivable.
8、 An expense:（ ）。
A:Is the decrease in stockholders’ equity as a result of providing goods or services.
B:Is the decrease in liabilities as a result of providing goods or services.
C:Has the same normal balance as liabilities.
D:Is the increase in stockholders’ equity as a result of providing goods or services.
答案: Is the decrease in stockholders’ equity as a result of providing goods or services.
9、 Each of the following is revenue except:（ ）。
A:Sales Revenue
B:Dividends
C:Legal Fees Earned
D:Service Revenue
答案: Dividends
10、 In analyzing a transaction using the accounting equation, which account is included in the Stockholders’ Equity section?（ ）。
A:Accounts Payable
B:Accounts Receivable
C:Revenue
D:Cash
答案: Revenue
第三章 单元测试
1、 Which of the following is a current liability?（ ）。
A:Equipment
B:Furniture and Fixtures
C:Accounts Payable
D:Inventory
答案: Accounts Payable
2、
A deferral is:（ ）。
A:an adjustment for payment of an item in advance
B:an adjustment for receipt of cash in advance
C:both an adjustment for payment of an item in advance and an adjustment for receipt of cash in advance.
D:other three choices are not true.
答案: both an adjustment for payment of an item in advance and an adjustment for receipt of cash in advance.
3、 Which account needs an adjustment at the end of the period?（ ）。
A:Land
B:Supplies
C:Accounts Payable
D:Cash
答案: Supplies
4、 The supplies account has a $3,000 beginning balance. Supplies in the amount of $5,000 were purchased during the accounting period. An ending inventory revealed a $1,200 balance of supplies on hand. The entry to adjust the account accordingly is:（ ）。
A:
B:
C:
D:
答案:
5、 What is the account classification and normal balance of Prepaid Rent?（ ）。
A:Contra asset, debit
B:Asset, credit
C:Asset, debit
D:Contra asset, credit
答案: Asset, debit
6、 The company receives 36000 for a legal service of six-months in advance on October 1, 2014. What is the entry for the prepayment on October 1, 2014?（ ）。
A:
B:
C:
D:
答案:
7、 Refer to Question 6. What is the entry to make the necessary adjustment on December 31, 2014?（ ）。
A:
B:
C:
D:
答案:
8、 Which asset does not depreciate?（ ）。
A:Equipment
B:Furniture
C:Buildings
D:Land
答案: Land
9、 Which of the following is not a temporary account?（ ）。
A:Common Stock
B:Expense
C:Dividends
D:Revenue
答案: Common Stock
10、
In adhering to the expense recognition principle:（ ）。
A:expenses are recognized when cash is paid.
B:expenses are recorded in the period they are actually used.
C:current expenses are subtracted from the current revenue to determine net income.
D:both expenses are recorded in the period they are actually used and current expenses are subtracted from the current revenue to determine net income are true.
答案: both expenses are recorded in the period they are actually used and current expenses are subtracted from the current revenue to determine net income are true.
第四章 单元测试
1、 Which of the following is not a component of internal control?（ ）。
A:Monitoring of controls
B:Information system
C:Comply with legal requirements
D:Risk assessment
答案: Comply with legal requirements
2、
Lapping is:（ ）。
A:misappropriation of assets
B:a type of fraud
C:fraudulent financial reporting
D:both misappropriation of assets and a type of fraud
答案: both misappropriation of assets and a type of fraud
3、 Which of the following is NOT an element of the fraud triangle?（ ）。
A:Motive
B:Ethics
C:Rationalization
D:Opportunity
答案: Ethics
4、 Which of the following is NOT a document used to control a bank account?（ ）。
A:Signature card
B:Check
C:Deposit ticket
D:Receipt
答案: Receipt
5、 The book side of a bank reconciliation will include which of the following?（ ）。
A:Bank errors
B:Outstanding checks
C:Electronic funds transfers (EFT)
D:Deposits in transit
答案: Electronic funds transfers (EFT)
6、 The Singletary Corporation had a beginning cash balance of $7,050 during the month of March. This company is expected to collect $4,500 from its outstanding accounts receivable. The projected cash sales for March are $9,000. The outstanding accounts payable balance is $10,000, of which 30% is to be paid during March. Operating expenses that are to be paid during March are projected to be $12,000. If preparing a cash budget for the month of March, what is the ending cash balance?（ ）。
A:5550
B:11550
C:1550
D:-1450
答案: 5550
7、 Use the following option to indicate where the items described in questions 7 would appear on the September bank reconciliation for the Johnson Company.
Outstanding checks amount to $2,640 as of the end of September.（ ）。
A:Add to the bank statement balance
B:Deduct from the bank statement balance
C:Add to the book balance
D:Deduct from the book balance
E:Does not appear on the bank reconciliation
答案: Deduct from the bank statement balance
8、 Use the following option to indicate where the items described in questions 8 would appear on the September bank reconciliation for the Johnson Company.
The September bank statement reports $17 of interest earned.（ ）。
A:Add to the bank statement balance
B:Deduct from the bank statement balance
C:Add to the book balance
D:Deduct from the book balance
E:Does not appear on the bank reconciliation
答案: Add to the book balance
9、 Use the following option to indicate where the items described in questions 9 would appear on the September bank reconciliation for the Johnson Company.
Deposits in transit total $5,600.（ ）。
A:Add to the bank statement balance
B:Deduct from the bank statement balance
C:Add to the book balance
D:Deduct from the book balance
E:Does not appear on the bank reconciliation
答案: Add to the bank statement balance
10、 Use the following option to indicate where the items described in questions 10 would appear on the September bank reconciliation for the Johnson Company.
An NSF check from a customer for $800 appears on the September bank statement.（ ）。
A:Add to the bank statement balance
B:Deduct from the bank statement balance
C:Add to the book balance
D:Deduct from the book balance
E:Does not appear on the bank reconciliation
答案: Deduct from the book balance
第五章 单元测试
1、 On September 5, the XYZ Co. made a $2,500 credit sale, due in 30 days. On October 1, the customer requested and was granted an extension on the payment. The customer was required to sign a 60-day, 5% note on the day of the extension. Payment was made on the maturity date of the note.
What is the entry on September 5 to record the credit sale?（ ）。
A:
B:
C:
D:
答案:
2、 Refer to Question 1. What is the maturity value of the note? (Round to the closest dollar)（ ）。
A:$2,500.00
B:$2,521.00
C:$2,625.00
D:$2,479.00
答案: $2,521.00
3、 Refer to Question 1. What is the entry to record the extension on October 1?（ ）。
A:
B:
C:
D:
答案:
4、 Refer to Question 1. What is the maturity date of the note?（ ）。
A:November 4
B:November 29
C:November 30
D:December 1
答案: November 30
5、 According to Question 1, What is the entry to record receipt of the payment, on the maturity date of the note?（ ）。
A:
B:
C:
D:
答案:
6、 When an accounts receivable account has been determined to be uncollectible the entry to record the write off using the allowance method would include:（ ）。
A:A debit to Accounts Receivable.
B:A debit to Uncollectible Account Expense.
C:A debit to Allowance for Uncollectible Accounts.
D:A credit to Notes Receivable.
答案: A debit to Allowance for Uncollectible Accounts.
7、 Which of the following about factoring a receivable is false?（ ）。
A:The seller loses control over the collection process.
B:The seller receives the amount of the receivable less the financing expenses charged by the financial institution.
C:Factoring is often expensive compared to the costs of retaining the receivable on the books.
D:The seller receives the full value of the accounts receivable.
答案: The seller receives the full value of the accounts receivable.
8、
Available-for-sale securities are reported on the balance sheet at:（ ）。
A:Fair value.
B:Historical cost.
C:Amortized cost.
D:other three choices are not true.
答案: Fair value.
9、
An unrealized gain occurs:（ ）。
A:If the sales price is greater than the investment carrying amount.
B:If the fair value of the investment is less than the current recorded value.
C:If the fair value of the investment is greater than the current recorded value.
D:other three choices are not true.
答案: If the fair value of the investment is greater than the current recorded value.
10、
Which method of writing off an uncollectible account does not violate the expense recognition principle?（ ）。
A:Direct write-off method
B:Allowance method
C:Both Direct write-off method and Allowance method
D:Neither Direct write-off method or Allowance method
答案: Allowance method
第六章 单元测试
1、 The excess of sales revenue over cost of goods sold is:（ ）。
A:beginning inventory.
B:cost of goods sold.
C:gross profit.
D:ending inventory.
答案: gross profit.
2、
The perpetual inventory system:（ ）。
A:keeps a continuous record for each inventory item.
B:is used by most businesses.
C:requires an annual count of inventory on hand.
D:other three choices are true.
答案: other three choices are true.
3、 Cost of goods sold:（ ）。
A:will always be lower when using LIFO rather than FIFO, during a period of rising prices
B:is the number of units of inventory sold multiplied by cost per unit of inventory.
C:is the number of units of inventory purchased multiplied by cost per unit of inventory.
D:will be the same amount when using LIFO or FIFO, during a period of rising prices.
答案: is the number of units of inventory sold multiplied by cost per unit of inventory.
4、
Merchandise inventory:（ ）。
A:is the cost of inventory that has been sold
B:is an expense on the income statement
C:neither is the cost of inventory that has been sold or is an expense on the income statement
D:both is the cost of inventory that has been sold and is an expense on the income statement
答案: neither is the cost of inventory that has been sold or is an expense on the income statement
5、 
（ ）。
A:$28.70
B:$22.00
C:$27.33
D:$25.00
答案: $28.70
6、 Refer to Question 5. Using the average cost method, what is the cost of goods sold?（ ）。
A:$1,875.00
B:$2,152.50
C:$2,049.75
D:$717.50
答案: $2,152.50
7、 Refer to Question 5. What value is assigned to the ending inventory, if using FIFO?（ ）。
A:$875.00
B:$595.00
C:$550.00
D:$625.00
答案: $875.00
8、
（ ）。
A:$55,000
B:$35,000
C:$20,000
D:$75,000
答案: $35,000
9、 Refer to Question 8. What is the gross profit for this company?（ ）。
A:$162,000
B:$35,000
C:$197,000
D:$182,000
答案: $182,000
10、
Inventory turnover:（ ）。
A:indicates how rapidly inventory is sold.
B:is the ratio of cost of goods sold to average inventory.
C:both indicates how rapidly inventory is sold and is the ratio of cost of goods sold to average inventory
D:other three choices are not true.
答案: both indicates how rapidly inventory is sold and is the ratio of cost of goods sold to average inventory
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