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浙江科技学院 200 -200 学年第 学期考试试卷 卷 考试科目 财务会计 考试方式 开、闭 完成时限 拟题人 Fekete 审核人 批准人 11 年 7月 4 日 经管学院 一 年级 国际经济与贸易、市场营销 专业 题序 一 二 三 四 五 六 七 八 九 十 总分 加分人 复核人 得分 签名 Basics of Accounting Final exam I. Open questions 20p+20p 40p 1. Describe the nature characteristics of fixed assets 20p 2. What information does the bond indenture contain about the bond under issue? 20p II. Multiple choice questions 10*2p 20p 1. Which of the following is an example of an intangible asset? Patents Goodwill Copyright All of the above 2. The accounting instrument in which we record transactions as they occurred by the element of financial statements separately on debit and credit sides and also we compute balance for a certain period is called: Trial balance Ledger T-account Journal 3. The advance payment for future expenses that are recorded as assets when cash paid is: Prepaid expenses Unearned revenues Accrued revenues Accrued expenses 4. The accounting equation is A assets; L liabilities; Eq Owner’s Equity; R revenues; E expenses : A L – Eq A L + Eq Eq R – E A L + Eq + R – E 5. What is paid-in capital? Current portion of long-term debt Accounts receivable Fixed asset capital investment An element of owner’s equity 6. An example of an accelerated depreciation method is: Straight-line Double-declining balance Units-of-production Amortization 7. In case of installment notes the issuer company pays equal periodic payments of the capital to the lender for the term of the note. True False 8. Bonds or shares issued higher than face amount are called: on par discount premier premium 9. A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends? $22,000 $25,000 $44,000 $50,000 10. A business issued a $5,000, 60-day, 12% note to the bank. The amount due at maturity is: $4,900 $5,100 $5,000 $5,600 II