本科会计英语习题2.docVIP

本科会计英语习题2 一、Translate into Chinese（20 scores） 1. Financial Accounting Standards Board: 2. Financial statement： 3. additional paid-in capital： 4. special journal： 5. the adjusting entry： 6. There are tree steps: first, analyze transactions in terms of their effects on accounts, and then, use debits, credits, and T-accounts to analyze transactions, last, construct financial statements. 7. After identifying an asset, the accountant must decide what monetary amounts to assign them. Assigning a monetary amount is called a valuation. There are two basic different forms of valuation: market valuation and accounting valuation, and we should distinguish them carefully. 8. At the beginning of 2007. X Company acquired 30 percent (10 000 shares) of the outstanding common stock of Y Corporation, at a cost of $300 000. The book value of Y Corporation’s net assets at the beginning of 2007 is $ 900 000. 9. Investing activities include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant and equipment and other productive assets, that is, assets held for or used in the production of goods services by the enterprise. 10. Recognizing that GAAP impose objectivity and verifiability, have a conservative bias, and therefore might not be as flexible in generating an accurate financial report for every firm, we should approach financial statement analysis cautiously. 二、Translate into English（15 scores） 1. 所得税费用： 2. 成本与市价孰低： 3. 定期盘存制： 4. 试算平衡表： 5. 预计可变现净值： 6. 权责发生制： 7.区别投资活动、筹资活动和经营活动现金流量。 8. 1996年IBM通过借新债筹集了76.7亿美元资金，同年动用49.9亿美元偿还债务. 9. 我们应该分析公司的会计选择如何影响其财务报告的。 三、make journal entries for following transactions（39 scores） 1. The owner invested $120 000 in Som Inc. by purchasing $100 000 shares of $1 par common stock. 2. Som Inc. purchased office equipment for $200 000 cash. 3. Som Inc. completed a consulting engagement for client and billed the client for $10 000. 4. Som Inc.’ accounta