第一章测试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) + Ending Cash balance = Beginning Cash balance D:Net cash flow from (Operating Activities – Investing Activities – Financing Activities) + Beginning Cash balance = Ending Cash balance
答案:A
2.Which item is an asset?（ ）。
A:Accounts Receivable B:Long-Term Debt C:Accounts Payable D:Notes Payable
答案:A
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:$90,000 decrease C:$90,000 increase D:$15,000 decrease
答案:D
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:Historical cost principle. C:Entity assumption. D:Continuity (going-concern) assumption.
答案:D
5.Which financial statement reports net income and dividends?（ ）。
A:Statement of Retained Earnings B:Statement of Cash Flows C:Income Statement D:Balance Sheet
答案:A
6.The ______ states that assets should be recorded at their actual cost.（ ）。
A:Stable-monetary-unit assumption B:Historical cost principle C:Continuity (going-concern) assumption D:Entity assumption
答案:B
7.Which financial statement reports revenues and expenses?（ ）。
A:Statement of Cash Flows B:Statement of Retained Earnings C:Income Statement D:Balance Sheet
答案:C
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:Historical cost principle B:Continuity (going-concern) assumption C:Entity assumption D:Stable-monetary-unit assumption
答案:D
9.
（ ）。A:$100,000.00 B:$278,000.00 C:$338,000.00 D:$213,000.00
答案:D
10.
（ ）。A:$150,000.00 B:$120,000.00 C:$263,000.00 D:$127,000.00
答案:D
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