专业英语期末考试题C卷.docVIP

一、True or false (2分*20=40分) 90%左右取自教材每章后面的self-test questions的内容 1An income statement reports the difference between revenues and expensed during the period ( F ) 2. Notes Payable has a normal beginning balance of $30,000. During the period, new borrowings total $63000 and the ending balance in Notes Payable is $41000. Then the beginning Cash amount must have $74000( 52000).( F ) 3. The ending Cash account balance is $57600. During the period, Cash receipts equal $124300. If the cash payments during the period total $135000, then the beginning Cash amount must have $46800(68300). ( F ) 4. Failure to record an adjusting entry for an accrued expense, will result overtaking the liabilities. ( F ) 5. Sea and Ski purchased merchandise for $1600, terms 1/10 n/30, Sea and Ski later returned $200 of the merchandise. The supplier paid the $40 freight and sent an invoice for the merchandise retained plus the freight. The entry to record the payment of the invoice within the discount period would include a credit to inventory for $1640. ( F ) （没找到题，我个人觉得是错的） 6. In a worksheet, Sales Discounts appears in the debit column of the income statement. ( T ) 7. On the balance sheet, accounts receivable are usually reported as total accounts receivable plus the allowance for uncollectible accounts. ( F ) 8. The FIFO inventory cost flow method may be applied to perpetual inventory system. ( F ) 9. Estimated gross profit rates methods of inventory valuation is allowable interim dates but not at year-end. ( T ) 10. Depreciation of a plant asset is the process of asset valuation for statement of financial position purposes. ( F ) 11. When an investor uses the equity method to account for investments in common stock, the investment account will be increased when the investor recognizes a cash dividend received from the investee. ( F ) 12. When an asset is depreciated by the straight-line method for financial reporting purposes and an accelerated method for tax purposes, its tax basis nor