中级会计(1)试卷.docVIP

PAGE PAGE 1 Final Examination Paper (A) Intermediate Accounting Semester 1, 2010-2011 Course Code 303.010.301-302 Instructor 吴金龙 Duration 90 minutes Student Name Student Number Major/Grade Accounting2009 Mode ■Closed book □Open book Bi-lingual ■Yes □No Calculator needed ■Yes □No Course Status ■Compulsory □Selective □Secondary Major Total Page 11 Questions I II III IV Total marks Marks Assessor I. Multiple choice questions 15 marks This part consists of 15 questions. Choose the one alternative that best completes the statement or answers the question. 1 mark per question. 1. A common set of accounting standards and procedures are called a. financial accounting standards. b. generally accepted accounting principles. c. objectives of financial reporting. d. statements of financial accounting concepts. 2. The two primary qualities that make accounting information useful for decision making are a. comparability and consistency. b. materiality and timeliness. c. relevance and reliability. d. reliability and comparability. 3. Why are certain costs of doing business capitalized when incurred and then depreciated or amortized over subsequent accounting cycles? a. To reduce the federal income tax liability b. To aid management in cash-flow analysis c. To match the costs of production with revenues as earned d. To adhere to the accounting constraint of conservatism 4. The net assets of a business are equal to a. current assets minus current liabilities. b. total assets plus total liabilities. c. total assets minus total stockholders equity. d. none of these. 5. Which of the following is a generally accepted method of determining the amount of the adjustment to bad debt expense? a. A percentage of sales adjusted for the balance in the allowance b. A percentage of sales not adjusted for the balance in the allowance c. A percentage of accounts receivable not adjusted for the balance in the allowance d. An