会计与财务管理专业英语答案2023秋

第二章测试

1.A building is offered for sale at $500,000 but is currently assessed at $400,000. The purchaser of the building believes the building is worth $475,000, but ultimately purchases the building for $450,000. The purchaser records the building at （ ）
A:$50,000
B:$450,000
C:$400,000
D:$475,000

答案:B
2.If the assets of a company increase by $100,000 during the year and its liabilities increase by $35,000 during the same year, then the change in equity of the company during the year must have been: （ ）
A:a decrease of $65,000
B:a decrease of $135,000
C:an increase of $65,000
D:an increase of $135,000
3.Net income will result during a time period when: （ ）
A:revenues exceed expenses
B:assets exceed revenues
C:expenses exceed revenues
D:assets exceed liabilities
4.Performing services on account will have the following effects on the components of the basic accounting equation: （ ）
A:increase assets and increase liabilities
B:increase assets and increase equity
C:increase assets and decrease equity
D:increase liabilities and increase equity
5.Which of the following events is not recorded in the accounting records? （ ）
A:An employee is terminated.
B:A company pays a cash dividend.
C:Cash investment is made into the business.
D:Equipment is purchased on account.