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財務相關英文考試1.Whichofthefollowingstatementsisfalse?A.Accountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakers.B.Financialstatementsreportfinancialinformationaboutabusinessentitytodecisionmakers.C.Ownersofacorporationarepersonallyliableforthedebtsofthecorporation.D.Thepurposeoffinancialaccountingistoprovideinformationtopeopleoutsideoftheentity,suchasinvestorsandcreditors.2.Wilburownsandoperatesafishingtackleshop.Wilburneedstoborrowmoneytoexpand;therefore,hepreparedfinancialstatementstopresenttohisbanker.Wilburobtainedappraisalsofalltheassetsofthebusinesstoensurethatthebalancesheetwouldreflectthemostcurrentvalueoftheassets.Wilburhasviolatedwhichofthefollowingprinciplesorconcepts?ReliabilityprincipleB.CostprincipleC.Going-concernprincipleStable-monetary-unitconcept3.Whichofthefollowingistrue?Owners'Equity-Assets=LiabilitiesB.Assets-Owners'Equity=LiabilitiesC.Assets+Liabilities=Owners'EquityLiabilities=Owners'Equity+Assets4.G.HarrisonIncexperiencedadecreaseintotalassetsof$2,000duringthecurrentyear.Duringthesameyear,totalliabilitiesdecreased$6,000.Ifdividendsfortheyearwere$10,000andtheownersmadenoadditionalinvestment,howmuchwasnetincome?$14,000B.$6,000C.$18,000$2,0005.Whichofthefollowingstatementsistrue?Theincomestatementreportsallchangesinassets,liabilities,andstockholders'equityofthebusinessduringtheperiod.B.Revenuesandexpensesarereportedonlyonthebalancesheet.C.Thestatementofcashflowsreportscashflowsfromthreetypesofbusinessactivities——cashreceipts,cashpayments,andinvesting.Onthestatementofretainedearnings,thenetincomefortheperiodisaddedtothebeginningbalanceofretainedearnings.6.Whichofthefollowingstatementsisnottrue?A.Investingactivitiesrelatetotheinvestmentbyownersintothebusiness.B.Payingdividendsisanexampleofafinancingactivity.C.Operatingactivitiesarethemostimportanttypeofbusinessactivity.D.Managersmustmakedecisionsaboutoperating,investing,andfinancingactivities.7.Onwhichfinancialstatementcantheendingbalanceinretainedearningsbefound?BalancesheetB.IncomestatementC.StatementofretainedearningsBothAandC8.Whichoftheseisanexampleofanassetaccount?ServiceRevenueB.DividendsC.SuppliesAlloftheaboveareassets9.DobsonCompanypaid$1,200onaccount.TheeffectofthistransactiononDobson'saccountingequationistdecreaseliabilitiesandincreasestockholders’equity.B.decreaseassetsanddecreaseliabilities.C.havenoeffectontotalassets.decreaseassetsanddecreasestockholders'equity.10.Whichofthesestatementsisfalse?Decreasesinliabilitiesandincreasesinrevenuesarerecordedwithacredit.B.Decreasesinassetsandincreasesinstockholders'equityarerec

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