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习题集涉及13章内容，题型主要为选择题，平均每章10题，带答案及解题思路说明。 QUIZ AND ANSWERS? Chapter 1 Introduction to Accounting and Business ? 1. The accounting profession can be divided into three major categories; specifically, the practice of public accounting, private accounting, and governmental accounting. A somewhat unique and important service of public accountants is: a. Financial accounting.b. Managerial accounting.c. Auditing.d. Cost accounting. 2. The primary private sector agency that oversees external financial reporting standards is the: a. Financial Accounting Standards Board.b. Federal Bureau of Investigation.c. General Accounting Office.d. Internal Revenue Service. 3. Which of the following equations properly represents a derivation of the fundamental accounting equation? a. Assets + liabilities = owners equity.b. Assets = owners equity.c. Cash = assets.d. Assets - liabilities = owners equity. 4. Wilson Company owns land which cost $100,000. If a quick sale of the land was necessary to generate cash, the company feels it would receive only $80,000. The company continues to report the asset on the balance sheet at $100,000. This is justified under which of the following concepts? a. The historical-cost principle.b. The objectivity principle.c. Neither of the above.d. Both a and b. 5. Retained earnings will change over time because of several factors. Which of the following factors would explain an increase in retained earnings? a. Net loss.b. Net income.c. Dividends.d. Investments by stockholders. 6. Which of these items would be accounted for as an expense? a. Repayment of a bank loan.b. Dividends to stockholders.c. The purchase of land.d. Payment of the current periods rent. 7. Which of the following transactions would have no impact on stockholders equity? a. Purchase of land from the proceeds of a bank loan.b. Dividends to stockholders.c. Net loss.d. Investments of cash by stockholders. 8. Which of the following would not be included on a bal