南开大学《会计专业英语》在线作业2 .pdfVIP

《会计专业英语》在线作业 Accumulated Depreciation ( ) A:is used to show the amount of cost expiration of intangibles B:is the same as Depreciation Expense C:is a contra asset account D:is used to show the amount of cost expiration of natural resources 参考选项：C Under which method of cost flows is the inventory assumed to be composed of the most recent costs? A:average cost B:last-in, first-out C:first-in, first-out D:weighted average 参考选项：C The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the( ) A:Income statement as Other Revenue (Expenses) B:Balance sheet as an adjustment to the asset account C:Balance sheet as an adjustment to Stockholders Equity D:Statement of Retained Earnings 参考选项：C Debts owed by a business are referred to as( ) A:accounts receivables B:equities C:owner’s equity D:liabilities 参考选项：D The following are examples of external users of accounting information except: A:government B:customers C:creditors D:all of the above 参考选项：D Notes may be issued （ ） A:when assets are purchased 1 B:to creditors to temporarily satisfy an account payable created earlier C:when borrowing money D:all of the above 参考选项：D A capital expenditure results in a debit to （ ） A:an expense account B:a capital account C:a liability account D:an asset account 参考选项：D Under which method of cost flows is the inventory assumed to be composed of the most recent costs? A:average cost B:last-in, first-out C:first-in, first-out D:weighted average 参考选项：C When the perpetual inventory system is used, the inventory sold is debited to ( ) A:supplies expense B:cost of merchandise sold C:merchandise inventory D:sales 参考选项：B The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as ( ) A:solvency and leverage B:solvency and profitabil