会计学原理 快速测试(英文版).pdf

TEST FOR CHAPTER 1-4 注：判断题红色标记句为错句，选择题加下划线选项为正确答案 PART I TRUE OR FALSE 1) Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable formation about an organization's business activities. 2) Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users. 3) The primary objective of financial accounting is to provide general purpose financial statements to help external users analyze and interpret an organization's activities. 4) Internal users include lenders, shareholders, brokers and managers. 5) In the partnership form of business, the owners are called stockholders. 6) The business entity principle means that a business will continue operating for an indefinite period of time. 7) As a general rule, revenues should not be recognized in the accounting records until it is received in cash. 8) Accrued expenses at the end of one accounting period are expected to result in cash payments in a future period. 9) The idea that a business will continue to operate until it can sell its assets to pay its creditors underlies the going-concern assumption. 10) The monetary unit assumption means that all international transactions must be expressed in dollars. 11) The International Accounting Standards Board (IASB) is the government group that establishes reporting requirements for companies that issue stock to the public. 12) Expenses decrease equity and are the costs of assets or services used to earn revenues. 13) A company might provide a service or product on credit. "On credit" implies that the cash payment will occur on a later date. 14) Each adjusting entry affects only one or more income statement account and never cash. 15) The legitimate claims of a b