financial accounting答案2023秋

第一章测试

1.The equation for the Statement of Cash Flows is（ ）。
A:Net cash flow from (Operating Activities – Investing Activities + Financing Activities) + Ending Cash balance = Beginning 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 + or - Investing Activities + or–Financing Activities) + Beginning Cash balance = Ending Cash balance
D:Net cash flow from (Operating Activities – Investing Activities – Financing Activities) + Beginning Cash balance = Ending Cash balance

答案:C
2.Which item is an asset?（ ）。
A:Accounts Receivable
B:Accounts Payable
C:Notes Payable
D:Long-Term Debt

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:$90,000 decrease
B:$15,000 decrease
C:$15,000 increase
D:$90,000 increase

答案:B
4.Assuming an entity will continue to operate long enough to sell its inventories and convert any receivables to cash is（ ）。
A:Historical cost principle.
B:Continuity (going-concern) assumption.
C:Entity assumption.
D:Stable-monetary-unit assumption.

答案:B
5.Which financial statement reports net income and dividends?（ ）。
A:Income Statement
B:Statement of Cash Flows
C:Statement of Retained Earnings
D:Balance Sheet

答案:C
6.The ______ states that assets should be recorded at their actual cost.（ ）。
A:Continuity (going-concern) assumption
B:Historical cost principle
C:Entity assumption
D:Stable-monetary-unit assumption

答案:B
7.Which financial statement reports revenues and expenses?（ ）。
A:Statement of Retained Earnings
B:Balance Sheet
C:Statement of Cash Flows
D:Income Statement

答案:D
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:Entity assumption
B:Historical cost principle
C:Stable-monetary-unit assumption
D:Continuity (going-concern) assumption

答案:C
9.
（ ）。
A:$100,000.00
B:$338,000.00
C:$278,000.00
D:$213,000.00

答案:D
10.
（ ）。
A:$150,000.00
B:$263,000.00
C:$120,000.00
D:$127,000.00

答案:D