发布时间 : 星期四 文章会计学原理英文版一单元习题更新完毕开始阅读
173. Della's Donuts owner made investments of $50,000 and withdrawals of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income. A. $30,000. B. $83,000. C. $64,000. D. $19,000. E. $49,000.
174. Cool Tours had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and withdrawals by owners of $9,000. Calculate the ending equity. A. $88,000. B. $25,000. C. $97,000. D. $38,000. E. $47,000.
175. A company's balance sheet shows: cash $24,000, accounts receivable $30,000, equipment $50,000, and equity $72,000. What is the amount of liabilities? A. $104,000. B. $76,000. C. $32,000. D. $68,000. E. $176,000.
Matching Questions
176. Match the following terms with the appropriate definition. a. Investing activities b. Ethics
c. Recordkeeping d. Internal users e. Accounting
f. Financing activities g. Social responsibility h. Operating activities i. External users
____ 1. An information and measurement system that identifies, records and
communicates relevant reliable and comparable information about an organization's business activities.
____ 2. The part of accounting that involves recording transactions and events, either electronically or manually.
____ 3. Persons using accounting information who are not directly involved in the running of the organization.
____ 4. Persons using accounting information who are directly involved in managing the organization.
____ 5. The use of resources to research, develop, purchase, produce, distribute, and
market products and services.
____ 6. The acquisition and disposing of resources that an organization uses to acquire and sell products and services.
____ 7. Provide the means organizations use to pay for resources such as land, buildings, and equipment to carry out plans.
____ 8. Beliefs that distinguish right from wrong. ____ 9. Concern for the impact of actions on society.
177. Match each of the following terms with the most appropriate definition. a. Return on assets b. Financial accounting c. Expenses d. Risk
e. Liabilities f. Planning g. Net income
h. Managerial accounting
____ 1. The uncertainty about the expected return to be earned.
____ 2. Area of accounting aimed at serving the decision making needs of internal users. ____ 3. A financial ratio useful in evaluating management, analyzing and forecasting profits, and planning activities.
____ 4. Creditor's claims on a company's assets.
____ 5. Costs of assets or services used to earn revenues.
____ 6. Defining the idea, goals, and actions of an organization. ____ 7. Area of accounting aimed at serving external users. ____ 8. The excess of revenue over expenses.
178. The following is a list of selected users of accounting information. Match the appropriate user to the following information needs. a. Suppliers b. Lenders c. Shareholders
d. Production Managers e. Employees
____ 1. Monitor costs and ensure quality.
____ 2. Judge the soundness of a customer before making sales on credit. ____ 3. Assessing employment opportunities. ____ 4. Measuring risk and return of loans.
____ 5. Assessing the risk and return of acquiring shares.
179. Match the following definitions with terms 1 through 8. Place the letter that identifies the best definition in the blank space next to the term. ____ 1. Assets
____ 2. Going-concern principle ____ 3. Statement of owner's equity. ____ 4. Net assets
____ 5. Objectivity principle ____ 6. Cost principle ____ 7. Owner withdrawal ____ 8. Revenues
a. The accounting principle that requires assets and services to be recorded initially at the cash or cash-equivalent amount given in exchange.
b. A principle that requires the information in financial statements to be supported by independent unbiased evidence.
c. Gross increase in equity from a company's earnings activities.
d. A principle that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold.
e. Resources owned or controlled by a company that are expected to yield future benefits.
f. A financial statement that reports the changes in equity over the reporting period; including increases such as owner investment and net income and for decreases such as owner withdrawals or net loss.
g. Assets an owner takes from the company for personal use. h. Another term for equity.
180. Match the following definitions with the terms 1 through 9. Place the letter that identifies the best definition in the blank space next to the term. ____ 1. Statement of cash flows ____ 2. Business transaction ____ 3. Monetary unit principle ____ 4. Business entity principle
____ 5. Revenue recognition principle ____ 6. Accounting equation
____ 7. Statement of owner's equity ____ 8. Expenses ____ 9. Liabilities
a. The relation between a company's assets, liabilities, and equity. b. An exchange of value between two parties.
c. The principle that assumes transactions and events can be expressed in money units. d. A financial statement that reports the changes in equity over the reporting period; adjusted for increases such as owner investment and net income and for decreases such as owner withdrawals or net loss.
e. A financial statement that lists cash inflows (receipts) and cash outflows (payments); the cash flows are arranged by operating, investing, and financing activities. f. Creditor's claims on assets.
g. The cost of assets or services used to earn revenue.
h. The principle that requires a business to be accounted for separately from its owners. i. The principle that revenue is recognized when earned.
181. Identify each of the following business activities 1 through 6 into the appropriate category a, b, and c. a. Operating b. Investing c. Financing
____ 1. Paid utilities expenses.
____ 2. Withdrawal of funds by owners. ____ 3. Purchase of land.
____ 4. Sale of used equipment.
____ 5. Borrowed money from a bank on a long-term note. ____ 6. Paid employee wages.