会计学原理选择题打.docVIP

Part One Quiz 1. Cole Company’s statement of cash flows for the year ended December 31, 2004, should include all of the following sections EXCEPT: a. Cash Flows from Analysis Activities. b. Cash Flows from Operating Activities. c. Cash Flows from Financing Activities. d. Cash Flows from Investing Activities. 2. Cole Company’s statement of cash flows for the year ended December 31, 2004, shows the following: Beginning cash balance, $ 1,750,000; Ending cash balance, $ 2,500,000; Cash provided by Operating Activities, $ 4,000,000; Cash used by Investing Activities, $(2,500,000). Based on this information, Cole’s cash flow from Financing Activities is a: a. $2,250,000 generation of cash. b. $ 750,000 use of cash. c. $ 2,250,000 use of cash. d. $ 750,000 generation of cash. 3. The balance sheet lists: a. Available resources only. b. Resources committed only. c. Available resources, resources committed, and the difference between the two. d. Available resources, resources committed, and the sum of the two. 4. Assets include: a. Accounts receivable and accrued cash. b. Accounts payable and accrued liabilities. c. Cash equivalents and accounts payable. d. Accounts receivable and cash equivalents. 5. An income statement includes: a. Revenues, operating liabilities, and net income. b. Revenues, operating expenses, and loss on asset sales. c. Revenues, accrued operating liabilities, and net income. d. Revenues, operating liabilities, and net loss. 6. Economic concepts are the: a. Ideas that guide preparation of accounting reports. b. Rules that apply to the preparation of accounting reports. c. Conventions used in the preparation of accounting reports. d. Regulations enforced by the government in the preparation of accounting reports. 7. Union Plaza Hotel and Casino’s consolidated balance sheet includes the following liability titles: a. Long-term debt, other current liabilities, capital leases, and accou