2019 Financial Accounting(浙江师范大学)1206217215 最新满分章节测试答案

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本课程起止时间为:2019-08-22到2020-01-10
本篇答案更新状态:已完结

【作业】Chapter 1 Introduction To Accounting And Business Homework-Chapter 1 Introduction To Accounting

1、 问题: FastLane has net income of $18,955, and assets at the beginning of the year of $200,000. Assets at the end of the year total $246,000. Compute its return on assets. 
评分规则: 【 Return on Assets = Net Income/Average Assets（这个写不写都可以）Return on Assets =$18,955/[($200,000 + $246,000)/2] （5分，如果过程正确但计算结果错误得4分）Return on Assets = $18,955/$223,000 = 0.085 = 8.5% （5分，如果过程正确计算结果错误得4分）
】

2、 问题:a company had $100,000  liabilities and assets $360,000.  Calculate the owners’ equity using the accounting equation.
评分规则: 【 Assets = Liabilities +  Equity$360,000=$100,000+ Equity Equity=$360,000-$100,000=$260,000(10分，如果计算过程正确但结果错误得8分)
】

Chapter 1 Introduction To Accounting And Business Quiz-Chapter 1 Introduction To Accounting And Busi

1、 问题:Accounting is an information and measurement system that does all of the following except: 
选项：
A:Identifies business activities.
B:Records business activities.
C:Communicates business activities.
D:Does not use technology to improve accuracy in reporting.
E:Helps people make better decisions.
答案: 【Does not use technology to improve accuracy in reporting.】

2、 问题:The primary objective of financial accounting is:
选项：
A: To serve the decision-making needs of internal users.
B:To provide financial statements to help external users analyze an organization’s activities.
C: To monitor and control company activities.
D:To provide information on both the costs and benefits of looking after products and services
E:To know what, when, and how much to produce.
答案: 【To provide financial statements to help external users analyze an organization’s activities.】

3、 问题:The area of accounting aimed at serving the decision making needs of internal users is: 
选项：
A:Financial accounting.
B:Managerial accounting.
C:External auditing.
D:SEC reporting.
E:Bookkeeping.
答案: 【Managerial accounting. 】

4、 问题:External users of accounting information include all of the following except: 
选项：
A:Shareholders.
B:Customers.
C:Internal managers.
D:Government regulators.
E:Creditors.
答案: 【Internal managers. 】

5、 问题:The accounting assumption that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the: 
选项：
A:Time-period assumption.
B:Business entity assumption.
C: Going-concern assumption.
D:Revenue recognition principle.
E:Cost principle.
答案: 【Business entity assumption.】

6、 问题:The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: 
选项：
A:Going-concern assumption.
B: Business entity assumption.
C:Objectivity principle.
D:Cost Principle.
E:Monetary unit assumption.
答案: 【Going-concern assumption.】

7、 问题:The accounting principle that requires accounting information to be based on actual cost and requires assets and services to be recorded initially at the cash or cash-equivalent amount given in exchange, is the: 
选项：
A:Accounting equation.
B:Cost principle.
C:Going-concern assumption.
D:Realization principle.
E:Business entity assumption
答案: 【Cost principle. 】

8、 问题:The Maxim Company acquired a building for $500,000. Maxim had the building appraised, and found that the building was easily worth $575,000. Which accounting principle would require Maxim to record the building on its records at $500,000? 
选项：
A: Monetary unit assumption.
B:Going-concern assumption.
C: Cost principle.
D:Business entity assumption.
E:Revenue recognition principle.
答案: 【 Cost principle.】

9、 问题:Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported? 
选项：
A:Going-concern assumption.
B:Matching principle.
C:Cost principle.
D:Business entity assumption.
E:Consideration assumption.
答案: 【Matching principle.】

10、 问题: Revenue is properly recognized:
选项：
A:When the customer’s order is received.
B:Only if the transaction creates an account receivable.
C:At the end of the accounting period.
D:Upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price.
E:When cash from a sale is received.
答案: 【Upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price.】

11、 问题:Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization’s business activities. 
选项：
A:正确
B:错误
答案: 【正确】

12、 问题:An accounting information system communicates data to help businesses make better decisions.
选项：
A:正确
B:错误
答案: 【正确】

13、 问题: Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users. 
选项：
A:正确
B:错误
答案: 【正确】

14、 问题:The primary objective of financial accounting is to provide general purpose financial statements to help external users analyze and interpret an organization’s activities.
选项：
A:正确
B:错误
答案: 【正确】

15、 问题:External auditors examine financial statements to verify that they are prepared according to generally accepted accounting principles. 
选项：
A:正确
B:错误
答案: 【正确】

16、 问题:External users include lenders, shareholders, customers, and regulators
选项：
A:正确
B:错误
答案: 【正确】

17、 问题:Internal users include lenders, shareholders, brokers and managers. 
选项：
A:正确
B:错误
答案: 【错误】
分析：【Internal users don’t include lenders, shareholders, brokers that are external users.】

18、 问题:Opportunities in accounting include auditing, consulting, market research, and tax planning.
选项：
A:正确
B:错误
答案: 【正确】

19、 问题:The fraud triangle asserts that there are three factors that must exist for a person to commit fraud; these factors are opportunity, pressure, and rationalization. 
选项：
A:正确
B:错误
答案: 【正确】

20、 问题:A partnership is a business owned by two or more people
选项：
A:正确
B:错误
答案: 【正确】

21、 问题:Owners of a corporation are called shareholders or stockholders. 
选项：
A:正确
B:错误
答案: 【正确】

22、 问题:In the partnership form of business, the owners are called stockholders.
选项：
A:正确
B:错误
答案: 【错误】
分析：【In the partnership form of business, the owners are called partners.
In the partnership form of corporation, the owners are called stockholders.】

23、 问题:The balance sheet shows a company’s net income or loss due to earnings activities over a period of time.
选项：
A:正确
B:错误
答案: 【错误】
分析：【The income statement shows a company’s net income or loss due to earnings activities over a period of time.】