大學《会计学原理》经典练习题.doc

True / False Questions 1.?Accounting is an informationt system that identifies, records, and communicates relevant, reliable, and comparable formation about an organizations business activities.?TRUE 2.?An accounting information system communicates data to help businesses make better decisions.?TRUE 3.?Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users.?TRUE 4.?Internal operating activities include research and development, distribution, and human resources.?TRUE ? s5.?External users include lenders, shareholders, customers, and regulators.?TRUE 6.?Regulators often have legal authority over certain activities of organizations.?TRUE 7.?Internal users include lenders, shareholders, brokers and managers.?FALSE 8.?Opportunities in accounting include auditing, consulting, market research, and tax planning.?TRUE ? 9.?Identifying the proper ethical path is easy.?FALSE ? 10.?Good ethics are good business.?TRUE 11.?The Sarbanes-Oxley Act (SOX) does not require public companies to apply both accounting oversight and stringent internal controls.?FALSE ? 12.?Owners of a corporation are called shareholders or stockholders.?TRUE ? 13.?In the partnership form of business, the owners are called stockholders.?FALSE ? 14.?A sole proprietorship is one or more individuals selling products or services for profit.?FALSE ? 15.?Accounting information is communicated to various parties through financial statements.?TRUE ? 16.?The Financial Accounting Standards Board is the private group that sets both broad and specific accounting principles.?TRUE 17.?The business entity principle means that a business will continue operating for an indefinite period of time.?FALSE ? 18.?Generally accepted accounting principles are the basic assumptions, concepts, and guidelines for preparing financial statements.?TRUE ? 19.?The business entity principle means that a business is accounted for separatel