financial accounting章节测试课后答案2024春

第九章测试

1.Which of the following is not true about a contingent liability:（ ）        
A:other  three choices  are not  true. B:Must be recorded if it is remote.     C:Depends on future outcome of past events.     D:Must be disclosed if it is reasonably possible.    
答案:B
2.The Singletary Company issued a $500,000, 5-year, 6% bond at par. It is a semiannual bond with interest paid on June 30th and December 31st.The entry to record the sale of the bond would include a:（ ）
A:$30,000 credit to Bonds Payable. B:$500,000 credit to Bonds Payable. C:$500,000 debit to Accounts Payable. D:$500,000 credit to Cash. 3.The Singletary Company issued a $500,000, 5-year, 6% bond at par. It is a semiannual bond with interest paid on June 30th and December 31st. The entry to record the semiannual interest payment is:（ ）
A:"Interest Expense $15,000 Interest Payable $15,000" B:"Interest Expense $15,000 Cash $15,000" C:"Interest Expense $30,000 Cash $30,000" D:"Interest Expense $30,000 Interest Payable $30,000" 4.Which of the following current liabilities is/are a known amount?    （ ）            
A:other three choices  are all  known amounts. B:Unearned Revenue     C:Accounts Payable     D:Payroll Liabilities     5.Which of the following statements is true in relationship to a company financing with debt rather than stock?（ ）
A:Trading on equity means that the business earns less by investing borrowed funds than it pays in interest expense on bonds. B:The principal amount must be repaid at the maturity of the bonds. C:Interest expense is not tax-deductible while dividends are tax-deductible. D:Earnings per share will generally be higher when a company is financed with stock rather than debt. 6.On January 1st, XYZ Company issued $200,000, 5-year, 4% bonds. The market rate at the time of the sale was greater than 4% so the bonds were sold at 93,selling quantity is 2000. Interest is payable June 30th and December 31st. The entry to record the sale of the bonds would include a:（ ）
A:Debit to Discount on Bonds Payable for $14,000. B:Credit to Bonds Payable for $186,000. C:Debit to Cash for $200,000. D:Credit to Cash for $186,000. 7.Refer to Question 6. If the XYZ Company uses the straight-line method to amortize discount on the bonds, the entry to record the first interest payment would include: （ ）
A:Debit to Interest Expense for $5,400. B:Debit to Discount on Bonds Payable for $1,400. C:Credit to Cash for $5,400. D:Debit to Interest Expense for $9,400. 8.All of the following are reported as current liabilities EXCEPT:（ ）
A:sales tax payable B:accounts payable C:notes payable due in 6 months D:bond payable for 5years 9.When a business receives cash from a customer before earning the revenue, they credit: （ ）
A:Accounts Receivable. B:Unearned Revenue C:Accounts Payable D:Sales Tax Payable 10.Which of the following statements is TRUE regarding pension liabilities?（ ）            
A:If the plan assets exceed the pension liability, the asset and obligation amounts are reported only in the notes to the financial statements.     B:other three  choices are true. C:They originate when a business provides retirement compensation for its employees.     D:If the pension obligation exceeds the market value of the plan assets, that excess is reported as a liability.