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1、《财务会计》复习题Circletheletterofthebestresponse.1.Whichofthefollowingstatementsisfalse?A.Accountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakers.B.Financialstatementsreportfinancialinfor
2、mationaboutabusinessentitytodecisionmakers.C.Ownersofacorporationarepersonallyliableforthedebtsofthecorporation.D.Thepurposeoffinancialaccountingistoprovideinformationtopeopleoutsideoftheentity,suchasinvestorsandcreditors.2.Wilburownsandoperatesafishingtackleshop.W
3、ilburneedstoborrowmoneytoexpand;therefore,hepreparedfinancialstatementstopresenttohisbanker.Wilburobtainedappraisalsofalltheassetsofthebusinesstoensurethatthebalancesheetwouldreflectthemostcurrentvalueoftheassets.Wilburhasviolatedwhichofthefollowingprinciplesorconc
4、epts?A.ReliabilityprincipleB.CostprincipleC.Going-concernprincipleD.Stable-monetary-unitconcept3.Whichofthefollowingistrue?A.Owners'Equity-Assets=LiabilitiesB.Assets-Owners'Equity=LiabilitiesC.Assets+Liabilities=Owners'EquityD.Liabilities=Owners'Equity+Assets4.G.Ha
5、rrisonIncexperiencedadecreaseintotalassetsof$2,000duringthecurrentyear.Duringthesameyear,totalliabilitiesdecreased$6,000.Ifdividendsfortheyearwere$10,000andtheownersmadenoadditionalinvestment,howmuchwasnetincome?A.$14,000B.$6,000C.$18,000D.$2,0005.Whichofthefollowi
6、ngstatementsistrue?A.Theincomestatementreportsallchangesinassets,liabilities,andstockholders'equityofthebusinessduringtheperiod.B.Revenuesandexpensesarereportedonlyonthebalancesheet.C.Thestatementofcashflowsreportscashflowsfromthreetypesofbusinessactivities——cashre
7、ceipts,cashpayments,andinvesting.D.Onthestatementofretainedearnings,thenetincomefortheperiodisaddedtothebeginningbalanceofretainedearnings.6.Whichofthefollowingstatementsisnottrue?A.Investingactivitiesrelatetotheinvestmentbyownersintothebusiness.B.Payingdividendsis
8、anexampleofafinancingactivity.A.Operatingactivitiesarethemostimportanttypeofbusinessactivity.B.Managersmustmakedecisionsaboutoperating,investing,