学习基础会计英文版复习材料学习总结参考总结题

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1、-#1. Abusinessentityisregardedasseparatefromthepersonalactivitiesofitsownerswhetheritisasoleproprietorship,apartnership,oracorporation. True    False 2. Assetsneednotalwayshavephysicalcharacteristicssuchasbuildings,machineryorinventory. True    False 3. Thegoingco

2、ncernprincipleassumesthatthebusinesswillcontinueindefinitely. True    False 4. Notespayableandaccountspayablearewrittenpromisestopayanamountowedbyacertaindate.Notespayablegenerallyhaveinterestbutaccountspayablegenerallydonot. True    False 5. Anetprofitresultsfrom

3、havingmorerevenuesthanliabilities. True    False 6. Thesaleofadditionalsharesofcapitalstockwillcausetreasurystocktoincrease. True    False 7. Articulationbetweenthefinancialstatementsmeansthattheyrelatecloselytoeachother. True    False -#8. Limitedliabilitymeansth

4、atownersofabusinessareonlyliableforthedebtsofthebusinessuptotheamountstheycanafford. True    False 9. Inabusinessorganizedasacorporation,itisnotnecessarytolisttheequityofeachstockholderonthebalancesheet. True    False 10. Totalassetsalwaysequaltotalliabilitiesplus

5、totalowners'equity. True    False 11. Acashflowstatementreportsrevenueandexpenseactivitiesforaspecifictimeperiodsuchasonemonthoroneyear. True    False 12. Anybusinesseventthatmightaffectthefutureprofitabilityofabusinessshouldbereportedinitsbalancesheet. True    Fa

6、lse 13. Totalassetsplustotalliabilitiesequalstotalowners'equity. True    False 14. Thepracticeofshowingassetsonthebalancesheetattheircostratherthanattheircurrentmarketvalueisexplainedinpartbythefactthatcostissupportedbyobjectiveevidencethatcanbeverifiedbyindepende

7、ntexperts. True    False -#15. Therealizationprinciplestatesthattheactivitiesofanentityshouldbekeptseparatefromthoseofitsowner. True    False 16. Theentityprinciplestatesthattheaffairsoftheownersarenotpartofthefinancialoperationsofabusinessentityandshouldbeseparat

8、ed. True    False 17. Theaccountingequationmaybestatedas"assetsminusliabilitiesequalsowners'equity." True    False 18. Atransactionthatcausesanincreasei