西方财会习题.pdf

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1、CHAPTER1INTRODUCTIONTOACCOUNTINGANDBUSINESSChapter1—IntroductiontoAccountingandBusinessChapter1—IntroductiontoAccountingandBusinessTRUE/FALSE1.Themainobjectiveofanot-for-profitbusinessisnottomakeaprofit.ANS:FDIF:2OBJ:012.Anexampleofabusinessstakeholderisthefederalgovernment.ANS:TDI

2、F:2OBJ:013.Acorporationisabusinessthatislegallyseparateanddistinctfromitsowners.ANS:TDIF:1OBJ:014.About90%ofthebusinessesintheUnitedStatesareorganizedascorporations.ANS:FDIF:2OBJ:015.Avaluechainisthewayabusinessaddsvalueforitscustomersbyprocessinginputsintoaproductorservice.ANS:TDI

3、F:1OBJ:016.Onceabusinesshaschosenastrategy,itmustimplementthestrategyinitsvaluechain.ANS:TDIF:1OBJ:017.Asuccessfulentrepreneurcouldbesomeonewhoisindependent,selfconfident,andthereforedoesnotneedtheabilitytointeractwithothers.ANS:FDIF:3STO:018.Primaryusersofaccountinginformationarea

4、ccountants.ANS:FDIF:3OBJ:029.Accountingisthoughttobethe"languageofbusiness"becausebusinessinformationiscommunicatedtostakeholders.ANS:TDIF:2OBJ:0210.Accountingisaservicethatprovidesmanydifferentuserswithfinancialinformationtomakeeconomicdecisions.ANS:TDIF:2OBJ:021Chapter1—Introduct

5、iontoAccountingandBusiness11.Properethicalconductimpliesthatyouonlyconsiderwhat'sinyourbestinterest.ANS:FDIF:1OBJ:0312.Smallethicallapsesareharmlessinandofthemselves.ANS:FDIF:2OBJ:0313.CMAisanacronymthatstandsforCertifiedManufacturingAccountant.ANS:FDIF:1OBJ:0414.Individualswhowish

6、topracticepublicaccountingasaCPAmustmeettherequirementsofthestateinwhichtheyreside.ANS:TDIF:2OBJ:0415.Managerialaccountingisprimarilyconcernedwiththerecordingandreportingofeconomicdataandactivitiesofanentityforusebyowners,creditors,governmentalagencies,andthepublic.ANS:FDIF:2OBJ:04

7、16.TheFinancialAccountingStandardsBoard(FASB)istheauthoritativebodythathasprimaryresponsibilityfordevelopingaccountingprinciples.ANS:TDIF:1OBJ:0517.Thecostconceptisthebasisforenteringtheexchangepriceintotheaccountingrecords.ANS:TDIF:2OBJ:0518.Withoutthecostconcept,accountingreports

8、wouldbecomeunstableandunre