财务会计题库 Transaction Analysis.doc

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1、FinancialAccounting,7eHarrison/HorngrenTestItemFileCHAPTER2:TRANSACTIONANALYSIS2.1-1Ajournalentryisaneventthathasafinancialimpactonthebusinessthatcanbereliablymeasured.Answer:FalseLO:2-1Diff:2EOC:S2-52.1-2ThetrialbalanceisaNOTaformalaccountingstatement.An

2、swer:TrueLO:2-1Diff:1EOC:S2-252.1-3AccruedLiabilitiesisaliabilityaccount.Answer:TrueLO:2-1Diff:1EOC:E2-282.1-4Theretainedearningsaccountrepresentstheexcessofnetincomeoverdividendsretainedinthebusinesssinceitsinception.Answer:TrueLO:2-1Diff:1EOC:P2-50A2.1-

3、5Expenseaccountsalwaysrepresentexpiredassets.Answer:FalseLO:2-1Diff:2EOC:E2-112.1-6Thedividendsaccountindicatesanincreaseincommonstock.Answer:FalseLO:2-1Diff:2EOC:E2-152.1-7Double-entryaccountingrecordsonlythosetransactionsaffectingtheincomestatement.Answ

4、er:FalseLO:2-1Diff:2EOC:QC82.1-8Thepurchaseofofficeequipmentforcashwouldincreasebothanassetandaliabilityaccount.Answer:FalseLO:2-1Diff:2EOC:P2-49A2.1-9WhichofthefollowingisNOTanassetaccount?A.AccountsReceivableB.PrepaidRentC.CommonStockD.Alloftheseareasse

5、taccounts.Answer:CLO:2-1Diff:2EOC:P2-49A382.1-10Prepaidexpenseaccountsappearon:A.theincomestatement.B.thebalancesheet.C.thestatementofretainedearningsandontheincomestatement.D.boththeincomestatementandbalancesheet.Answer:BLO:2-1Diff:2EOC:P2-56A2.1-11Thete

6、rm"double-entryaccounting"indicatesthattheaccountant:A.recordsbothsidesofeachtransactionintheaccountsaffected.B.computestheincomestatementandbalancesheeteffectofeachtransaction.C.identifiesboththecashinflowsandthecashoutflows.D.usesboththegeneraljournalan

7、dthegeneralledgerwhenrecordingtransactions.Answer:ALO:2-1Diff:2EOC:QC82.1-12Acompanyreceivedcashinexchangeforissuingstock.Thistransactionincreasedassetsand:a.increasedexpenses.b.increasedrevenues.c.increasedliabilities.d.increasedequity.Answer:DLO:2-1Diff

8、:1EOC:E2-162.1-13Acompanypurchasedofficesuppliesforcash.Thistransactionincreasedassetsand:A.increasedequity.B.increasedliabilities.C.increasedrevenues.D.decreasedassets.Answer:DLO:2-1Diff:1EOC:QC10382.1-14Acompanype