会计学原理（英）章节测试课后答案2024春

第一章测试

1.The purchase of store equipment for cash reduces the equity by an equal amount.（ ）
A:错 B:对
答案:A
2.Bumi Corporation purchased an investment in the ordinary shares of another corporation for Rp250,000,000 in 2018. The shares are actively traded on the Indonesian Stock Exchange. The fair value of the investment at December 31, 2020 is Rp268,000,000. If the company follows the fair value principle, the investment will be reported in the 2020 financial statement at （ ）
A:Rp268,000,000 on the retained earnings statement. B:Rp250,000,000 on the retained earnings statement. C:Rp268,000,000 on the statement of financial position. D:Rp250,000,000 on the statement of financial position.
答案:C
3.The economic entity assumption requires that the activities （ ）
A:must be reported to the Securities and Exchange Commission. B:of different entities can be combined if all the entities are corporations. C:of a sole proprietorship cannot be distinguished from the personal economic events of its owners. D:of an entity be kept separate from the activities of its owner.
答案:D
4.The basic accounting equation may be expressed as （ ）
A:All of these answer choices are correct. B:Assets = Liabilities + Equity. C:Assets – Liabilities = Equity. D:Assets Equity = Liabilities.
答案:A
5.On June 6, Wing Wah Inc. purchased supplies on account for HK$80,000. On June 30, the company paid half of the balance due. The June 30 payment will （ ）
A:increase Cash and decrease Accounts Receivable by HK$40,000. B:decrease Cash and decrease Accounts Payable by HK$40,000. C:decrease Supplies and increase Supplies Expense by HK$40,000. D:decrease Cash and increase Supplies Expense by HK$ 80,000.
答案:B