西方会计练习题说课讲解.pdf

学习 好资料 PART I — MULTIPLE CHOICE Instructions Designate the best answer for each of the following questions. ____ 1. Which of the following statements is true? a. Trading securities are debt securities that the investor has the intent to hold to maturity. b. Trading securities are securities bought and held primarily for sale in the near term. c. Trading securities are securities that may be sold in the future. d. Trading securities are reported at cost in the balance sheet. ____ 2. In order to be relevant, accounting information must a. be neutral. b. be verifiable. c. help predict future events. d. be a faithful representation. ____ 3. The cost of intangible assets should be a. amortized over the assets estimated useful life, or 20 years, whichever is shorter. b. amortized over a period not exceeding 5 years. c. amortized over the assets estimated useful life. d. charged to an expense account at acquisition. ____ 4. On November 30, Thatcher Company issued a $8,000, 6%, 4-month note to the National Bank. The entry on Thatchers books to record the payment of the note at maturity will include a credit to Cash for a. $8,000. b. $8,480. c. $8,160. d. $8,320. ____ 5. The following information is available for Lighten Company: Sales $130,000 Freight-in $10,000 Ending Merchandise Inventory 12,000 Purchase Returns and Allowances5,000 Purchases 90,000 Beginning Merchandise Inventory15,000