资源描述:
《会计英语课后题.doc》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、Unlimitedliabilityisanadvantageofasoleproprietorship.×Asoleproprietorshipisabusinessownedbyoneormorepersons.×Asageneralrule,revenuesshouldnotberecognizedintheaccountingrecordsuntilitisreceivedincash.×Inthepartnershipformofbusiness,theownersarecalledstockholders.×Theareaofaccounting
2、aimedatservingthedecisionmakingneedsofinternalusersis:AFinancialaccounting.BManagerialaccounting.CExternalauditing.DSECreporting.EBookkeeping.Theaccountingconceptthatrequiresfinancialstatementinformationtobesupportedbyindependent,unbiasedevidenceotherthansomeone'sbelieforopinionis:
3、ABusinessentityassumption.BMonetaryunitassumption.CGoing-concernassumption.DTime-periodassumption.EObjectivityExternalusersofaccountinginformationincludeallofthefollowingexcept:AShareholders.BCustomers.CPurchasingmanagers.DGovernmentregulators.ECreditors.Theaccountingassumptionthat
4、requireseverybusinesstobeaccountedforseparatelyfromotherbusinessentities,includingitsownerorownersisknownasthe:ATime-periodassumption.BBusinessentityassumption.CGoing-concernassumption.DRevenuerecognitionprinciple.ECostprinciple.Ifaparceloflandthatwasoriginallyacquiredfor$85,000iso
5、fferedforsaleat$150,000,isassessedfortaxpurposesat$95,000,isrecognizedbyitspurchasersaseasilybeingworth$140,000,andissoldfor$137,000,thelandshouldberecordedinthepurchaser'sbooksat:A$95,000.B$137,000.C$138,500.D$140,000.E$150,000.TheMaximCompanyacquiredabuildingfor$500,000.Maximhadt
6、hebuildingappraised,andfoundthatthebuildingwaseasilyworth$575,000.Thesellerhadpaid$300,000forthebuilding6yearsago.WhichaccountingprinciplewouldrequireMaximtorecordthebuildingonitsrecordsat$500,000?AMonetaryunitassumption.BGoing-concernassumption.CCostprinciple.DBusinessentityassump
7、tion.ERevenuerecognitionprinciple.Iftheliabilitiesofabusinessincreased$75,000duringaperiodoftimeandtheowner'sequityinthebusinessdecreased$30,000duringthesameperiod,theassetsofthebusinessmusthave:ADecreased$105,000.BDecreased$45,000.CIncreased$30,000.DIncreased$45,000.EIncreased$105
8、,000.Iftheassetsofabusines