2020 Intermediate Financial Accounting(南京大学) 最新满分章节测试答案

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2020-12-29到2021-02-28
本篇答案更新状态:已完结

Session 1 Review of fundamental accounting Chapter 1

1、 问题:Which of the following is an internal user of a company’s financial information? 
选项：
A:company treasurer 
B:shareholder in the company 
C:bank lending to the company 
D:Customer 
答案: 【company treasurer 】

2、 问题: Which of the following is not a major standard-setting body responsible for the establishment of U.S. and International Financial Reporting Standards? 
选项：
A:SEC (Securities Exchange Commission) 
B:PCAOB (Public Company Accounting Oversight Board) 
C:FASB (Financial Accounting Standards Board) 
D:IASB (International Accounting Standards Board) 
答案: 【PCAOB (Public Company Accounting Oversight Board) 】

3、 问题:The balance sheet is a snapshot of a company’s financial position at a particular date.
选项：
A:正确
B:错误
答案: 【正确】

Session 2 The demand for and supply of financial accounting information Chapter 17 (page 1-32)

1、 问题:The FASB and the IASB jointly issued a comprehensive principles-based revenue recognition Model entitled 
选项：
A:Revenue Recognition. 
B:Revenue from Contracts with Customers. 
C:Principles of Revenue Recognition. 
D:Principle-Based Rules of Revenue Recognition. 
答案: 【Revenue from Contracts with Customers. 】

2、 问题:The first step of the revenue recognition model is to identify the contract with the customer.
选项：
A:正确
B:错误
答案: 【正确】

3、 问题:If a contract contains only one performance obligation, no allocation of the transaction price is ever needed to recognize revenue. 
选项：
A:正确
B:错误
答案: 【正确】

【作业】Session 3 Revenue recognition I Assignment-Revenue

1、 问题:
评分规则: 【 总分3分：第一问回答完全正确就可以得到3分第一问金额正确（$12000)即给1分
如果第一问回答有误，第二问回答出对significant reversal的考虑即给1分
第一问分录正确即给1分
】

Session 3 Revenue recognition I Chapter 17 (page 32-41)

1、 问题:A construction project is expected to take two-and-a-half years to complete. Partial Billings is less than Construction in Progress. The two accounts are reported together on the balance sheet in the 
选项：
A:current assets section. 
B:long-term assets section. 
C:current liabilities section.
D:long-term liabilities section.
答案: 【current assets section. 】

2、 问题:Construction in Progress is an inventory account typically valued at on the balance sheet at net realizable value.
选项：
A:正确
B:错误
答案: 【正确】

Session 4 Cash and Receivables Chapter 6 Cash and Receivables

1、 问题:Which of the following methods is not an appropriate method for estimating bad debt expense for companies whose uncollectible accounts are material? 
选项：
A:percentage of net credit sales
B:percentage of outstanding accounts receivable
C:aging of accounts receivable 
D:direct write-off method
答案: 【direct write-off method】

2、 问题:Which of the following is NOT an attribute of the Allowance for Uncollectible Accounts?
选项：
A: The balance in the account increases when an uncollectible account is written off.
B:It is a contra account.
C:It reduces Accounts Receivable.
D:It normally has a credit balance.
答案: 【 The balance in the account increases when an uncollectible account is written off.】

3、 问题:The net price method of recording sales and receivables generally requires less record keeping and is more cost-effective.
选项：
A:正确
B:错误
答案: 【错误】
分析：【The gross price method of recording sales and receivables generally requires less record keeping and is more cost-effective】

Session 4 Cash and Receivables Chapter 7 Inventories (Page1~30)

1、 问题:Using the FIFO method, the earliest purchases of inventory are assumed to be contained
选项：
A:on the balance sheet as part of ending inventory.
B:on the income statement as part of cost of goods sold.
C:equally split between the income statement and the balance sheet.
D: Impossible to determine from the given data
答案: 【on the income statement as part of cost of goods sold.】

2、 问题: In a transaction where the merchandise invoice indicates F.O.B. shipping point, who pays the cost of shipping?
选项：
A:The buyer
B:The seller
C:The common carrier
D:The freight forwarder

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