《会计学原理》英文版 考试复习练习(1-4章).docVIP

1. Accounting is an information system that:?A.?Identifies business activities.B.?Records business activities.C.?Communicates business activities.D.?Helps people make better decisions. E. All of these. 2. Creditors claims on the assets of a company are called:?A.?Net losses.B.?Expenses.C.?Revenues.D.?Equity. E. Liabilities. 3. The excess of expenses over revenues for a period is:?A.?Net assets.B.?Equity.C.?Net loss.D.?Net income.E.?A liability. 4. On June 30 of the current year, the assets and liabilities of Phoenix Phildell are as follows: Cash $20,500; Accounts Receivable, $7,25