中级会计!(英语).doc

中级会计!(英语) C 1. The financial statements most frequently provided include all of the following except the A. balance sheet. B. statement of cash flows. C. statement of retained earnings. D. statement of stockholders equity. D 2. An effective capital allocation process A. promotes innovation. B. provides an efficient market for obtaining and granting credit. C. encourages productivity. D. all of these. 3. The objective of general purpose financial reporting adopts an entity perspective, which means that C. companies are viewed as separate and distinct from their owners. C 4. Which of the following statements is not an objective of financial reporting? A. Provide information that is useful in investment and credit decisions. B. Provide information about enterprise resources, claims to those resources, and changes to them. C. Provide information on the liquidation value of an enterprise. D. Provide information that is useful in assessing cash flow prospects. 5. Accounting principles are generally accepted only when 1) an authoritative accounting rule-making body has established it in an official pronouncement. 2) it has been accepted as appropriate because of its universal application. C. both 1 and 2. 6. The role of the Securities and Exchange Commission in the formulation of accounting principles can be best described as C. sometimes primary and sometimes secondary. D7. Generally accepted accounting principles A. include detailed practices and procedures as well as broad guidelines of general application. B. are influenced by pronouncements of the SEC and IRS. C. change over time as the nature of the business environment changes. D. all of these. 8. Financial accounting standard-setting in the United States A. can be described as a social process which reflects political actions of various interested user groups as well as a product of research and logic. 9. What group or organization