financial accounting知到章節(jié)答案智慧樹2023年德州學(xué)院

financialaccounting知到章節(jié)測(cè)試答案智慧樹2023年最新德州學(xué)院第一章測(cè)試TheequationfortheStatementofCashFlowsis（）。

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Netcashflowfrom(OperatingActivities+or-InvestingActivities+or–FinancingActivities)+BeginningCashbalance=EndingCashbalanceWhichitemisanasset?（）。

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AccountsReceivableIftotalliabilitiesdecreasedby$75,000andtotalassetsdecreasedby$90,000duringthesameaccountingtimeperiod,whathappenedtototalowners’equityduringthisperiod?（）。

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$15,000decreaseAssuminganentitywillcontinuetooperatelongenoughtosellitsinventoriesandconvertanyreceivablestocashis（）。

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Continuity(going-concern)assumption.Whichfinancialstatementreportsnetincomeanddividends?（）。

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StatementofRetainedEarningsThe______statesthatassetsshouldberecordedattheiractualcost.（）。

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HistoricalcostprincipleWhichfinancialstatementreportsrevenuesandexpenses?（）。

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IncomeStatementMr.

RonaldSmithistheownerofasmallbusiness.Hehasdecidedtosavemoneyduringhisinitialyearsofoperationbynothiringaprofessionalaccountant.Hemakesinflationadjustmentstoaccountinginformationtomakeitcomparableovertime.Whichaccountingprinciple,concept,orassumptiondoesthisviolate?（）。

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Stable-monetary-unitassumption（）。

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$213,000.00（）。

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$127,000.00第二章測(cè)試Thejournalis:（）。

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Achronologicalrecordoftransactions.Whichofthefollowingaccountsisdecreasedwithadebit?（）。

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AccountsPayableWhichofthefollowingaccountsisdecreasedwithacredit?（）。

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AccountsReceivableTheXYZCompanyreceived$1,000foracustomeronaccount.Theentrytorecordthistransactionis:（）。

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****Theledgeris:（）。

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AgroupingofallT-accounts,withtheirbalances.Atrialbalance:（）。

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Listsallaccountswiththeirbalances.Whenacompanysellsmerchandise,butthecustomerdoesnotpayitimmediately,itshould:（）。

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DebitAccountsReceivable.Anexpense:（）。

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Isthedecreaseinstockholders’equityasaresultofprovidinggoodsorservices.Eachofthefollowingisrevenueexcept:（）。

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DividendsInanalyzingatransactionusingtheaccountingequation,whichaccountisincludedintheStockholders’Equitysection?（）。

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Revenue第三章測(cè)試Whichofthefollowingisacurrentliability?（）。

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AccountsPayableAdeferralis:（）。

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bothanadjustmentforpaymentofaniteminadvanceandanadjustmentforreceiptofcashinadvance.Whichaccountneedsanadjustmentattheendoftheperiod?（）。

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SuppliesThesuppliesaccounthasa$3,000beginningbalance.Suppliesintheamountof$5,000werepurchasedduringtheaccountingperiod.Anendinginventoryrevealeda$1,200balanceofsuppliesonhand.Theentrytoadjusttheaccountaccordinglyis:（）。

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****WhatistheaccountclassificationandnormalbalanceofPrepaidRent?（）。

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Asset,debitThecompanyreceives36000foralegalserviceofsix-monthsinadvanceonOctober1,2014.WhatistheentryfortheprepaymentonOctober1,2014?（）。

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****RefertoQuestion6.WhatistheentrytomakethenecessaryadjustmentonDecember31,2014?（）。

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****Whichassetdoesnotdepreciate?（）。

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LandWhichofthefollowingisnotatemporaryaccount?（）。

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CommonStockInadheringtotheexpenserecognitionprinciple:（）。

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bothexpensesarerecordedintheperiodtheyareactuallyusedandcurrentexpensesaresubtractedfromthecurrentrevenuetodeterminenetincomearetrue.第四章測(cè)試Whichofthefollowingisnotacomponentofinternalcontrol?（）。

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ComplywithlegalrequirementsLappingis:（）。

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bothmisappropriationofassetsandatypeoffraudWhichofthefollowingisNOTanelementofthefraudtriangle?（）。

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EthicsWhichofthefollowingisNOTadocumentusedtocontrolabankaccount?（）。

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ReceiptThebooksideofabankreconciliationwillincludewhichofthefollowing?（）。

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Electronicfundstransfers(EFT)TheSingletaryCorporationhadabeginningcashbalanceof$7,050duringthemonthofMarch.Thiscompanyisexpectedtocollect$4,500fromitsoutstandingaccountsreceivable.TheprojectedcashsalesforMarchare$9,000.Theoutstandingaccountspayablebalanceis$10,000,ofwhich30%istobepaidduringMarch.OperatingexpensesthataretobepaidduringMarchareprojectedtobe$12,000.IfpreparingacashbudgetforthemonthofMarch,whatistheendingcashbalance?（）。

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5550Usethefollowingoptiontoindicatewheretheitemsdescribedinquestions7wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.Outstandingchecksamountto$2,640asoftheendofSeptember.（）。

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DeductfromthebankstatementbalanceUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions8wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.TheSeptemberbankstatementreports$17ofinterestearned.（）。

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AddtothebookbalanceUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions9wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.Depositsintransittotal$5,600.（）。

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AddtothebankstatementbalanceUsethefollowingoptiontoindicatewheretheitemsdescribedinquestions10wouldappearontheSeptemberbankreconciliationfortheJohnsonCompany.AnNSFcheckfromacustomerfor$800appearsontheSeptemberbankstatement.（）。

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Deductfromthebookbalance第五章測(cè)試OnSeptember5,theXYZCo.

madea$2,500creditsale,duein30days.OnOctober1,thecustomerrequestedandwasgrantedanextensiononthepayment.Thecustomerwasrequiredtosigna60-day,5%noteonthedayoftheextension.Paymentwasmadeonthematuritydateofthenote.WhatistheentryonSeptember5torecordthecreditsale?（）。

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****RefertoQuestion1.Whatisthematurityvalueofthenote?(Roundtotheclosestdollar)（）。

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$2,521.00RefertoQuestion1.WhatistheentrytorecordtheextensiononOctober1?（）。

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****RefertoQuestion1.Whatisthematuritydateofthenote?（）。

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November30AccordingtoQuestion1,Whatistheentrytorecordreceiptofthepayment,onthematuritydateofthenote?（）。

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****Whenanaccountsreceivableaccounthasbeendeterminedtobeuncollectibletheentrytorecordthewriteoffusingtheallowancemethodwouldinclude:（）。

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AdebittoAllowanceforUncollectibleAccounts.Whichofthefollowingaboutfactoringareceivableisfalse?（）。

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Thesellerreceivesthefullvalueoftheaccountsreceivable.Available-for-salesecuritiesarereportedonthebalancesheetat:（）。

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Fairvalue.Anunrealizedgainoccurs:（）。

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Ifthefairvalueoftheinvestmentisgreaterthanthecurrentrecordedvalue.Whichmethodofwritingoffanuncollectibleaccountdoesnotviolatetheexpenserecognitionprinciple?（）。

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Allowancemethod第六章測(cè)試Theexcessofsalesrevenueovercostofgoodssoldis:（）。

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grossprofit.Theperpetualinventorysystem:（）。

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otherthreechoicesaretrue.Costofgoodssold:（）。

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isthenumberofunitsofinventorysoldmultipliedbycostperunitofinventory.Merchandiseinventory:（）。

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neitheristhecostofinventorythathasbeensoldorisanexpenseontheincomestatement（）。

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$28.70RefertoQuestion5.Usingtheaveragecostmethod,whatisthecostofgoodssold?（）。

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$2,152.50RefertoQuestion5.Whatvalueisassignedtotheendinginventory,ifusingFIFO?（）。

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$875.00（）。

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$35,000RefertoQuestion8.Whatisthegrossprofitforthiscompany?（）。

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$182,000Inventoryturnover:（）。

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bothindicateshowrapidlyinventoryissoldandistheratioofcostofgoodssoldtoaverageinventory第七章測(cè)試“Case7-1:UsetheinformationbelowtoanswerQuestions1-6.Abusinesspurchasedanassetthathadatotalcostof$110,000andaresidualvalueof$10,000.Theassetisexpectedtoservicethebusinessforaperiodof10yearsorproduceatotalof1,000,000units.ThemachinewaspurchasedJanuary1stofthecurrentyearandhasbeeninserviceonecompleteyear.RefertoCase7-1.Whatisthedepreciablecostoftheasset?”（）。

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$100,000RefertoCase7-1.Usingthestraight-linemethod,whatistheamountofdepreciationexpenseinYeartwooftheasset’slife?（）。

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$10,000RefertoCase7-1.Nowassumethebusinessusestheunits-of-productionmethod.Iftheassetproduces250,000unitsinYear1and200,000unitsinYeartwo,whatistheamountofdepreciationexpenseforYeartwo?（）。

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$20,000RefertoCase7-1andQuestion3.WhatisthebookvalueoftheassetattheendofYeartwo,usingtheunits-of-productionmethod?（）。

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$65,000RefertoCase7-1.WhatisthedepreciationexpenseinYearone,ifthedouble-declining-balancemethodisused?（）。

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$22,000Theentrytorecordtheannualdepreciationdoesnotinclude:（）。

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AdebittoAccumulatedDepreciation.Incalculatingthetotalcostofland,allcostsareincludedexcept:（）。

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FencingIfaplantassetissoldandagainisincurred,theentrytorecordthesalewouldincludeadebitto:（）。

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AccumulatedDepreciation.Returnonassets:（）。

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iscalculatedasnetincome/averagetotalassets.WhichofthefollowingstatementsisTRUE?（）。

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Intangibleassetsareamortized.第八章測(cè)試TheAshleyCorporationpurchased$600,000of4%,5-yearbondsat97onJanuary1,2014.InterestistobepaidsemiannuallyonJanuary1andJuly1.

Thisisaheld-to-maturityinvestment.

Thiscompanyusesthestraight-linemethodtoamortizeanypremiumsordiscounts.Whatwasthepurchasepriceofthesebonds?（）A.$600,000

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$582,000

RefertoQuestion1.WhatistheamountofInterestRevenuerecordedonJuly1,2014?（）

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$13,800RefertoQuestion1.WhatisthecarryingamountofthebondonJuly1,2014?（）

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$583,800Whichstatementregarding“available-for-saleinvestments”istrue?

（）

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Availableforsaleinvestmentsgenerallycompriseupto20%,butnotincluding20%,ownership.

Whenanavailableforsaleinvestmentissold:（）

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theamountoftherealizedgainorlossisthedifferencebetweentheamountreceivedandthecostoftheinvestment.

Whichofthefollowingistrueregardingequity-methodinvestments?（）

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Thatgainorlossonthesaleofanequity-methodinvestmentisthedifferencebetweenthesaleproceedsandthecarryingamountoftheinvestment

istrueand

thattheaccountEquity-methodInvestmentisdecreasedforthereceiptofadividendonanequity-methodinvestmentis

true.

Undertheequitymethod,whenaninvestorcompanyrecordsitsshareofinvesteeincome,（）

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“thefollowingentryisusedtorecordtherevenue:Equity-MethodInvestmentXXEquity-MethodInvestmentRevenueXX”Whichofthefollowingis/areeliminatedinthepreparationofaconsolidatedbalancesheet?（）

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selectotherthree

choicesall

Onthepurchasedate,long-termavailable-for-saleequitysecuritiesarereportedonthebalancesheetat:（）

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costTheUnrealizedGainonInvestmentinAvailable-for-SaleSecuritiesisreportedin:（）

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OtherComprehensiveIncomeontheStatementofComprehensiveIncome

andAccumulatedOtherComprehensiveIncomeonthebalancesheet第九章測(cè)試Whichofthefollowingisnottrueaboutacontingentliability:（）

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Mustberecordedifitisremote.

TheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesaleofthebondwouldincludea:（）

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$500,000credittoBondsPayable.TheSingletaryCompanyissueda$500,000,5-year,6%bondatpar.ItisasemiannualbondwithinterestpaidonJune30thandDecember31st.Theentrytorecordthesemiannualinterestpaymentis:（）

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“InterestExpense$15,000Cash$15,000”Whichofthefollowingcurrentliabilitiesis/areaknownamount?

（）

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otherthreechoices

areall

knownamounts.Whichofthefollowingstatementsistrueinrelationshiptoacompanyfinancingwithdebtratherthanstock?（）

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Theprincipalamountmustberepaidatthematurityofthebonds.OnJanuary1st,XYZCompanyissued$200,000,5-year,4%bonds.Themarketrateatthetimeofthesalewasgreaterthan4%sothebondsweresoldat93,sellingquantityis2000.InterestispayableJune30thandDecember31st.Theentrytorecordthesaleofthebondswouldincludea:（）

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DebittoDiscountonBondsPayablefor$14,000.RefertoQuestion6.IftheXYZCompanyusesthestraight-linemethodtoamortizediscountonthebonds,theentrytorecordthefirstinterestpaymentwouldinclude:（）

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DebittoInterestExpensefor$5,400.AllofthefollowingarereportedascurrentliabilitiesEXCEPT:（）

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bondpayablefor5yearsWhenabusinessreceivescashfromacustomerbeforeearningtherevenue,theycredit:（）

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UnearnedRevenueWhichofthefollowingstatementsisTRUEregardingpensionliabilities?（）

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otherthree

choicesaretrue.第十章測(cè)試Whichofthefollowingisarightofastockholder?（）

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selectotherthreeall.Whichofthefollowingispartofstockholders’equity?（）

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BothPaid-incapital

andRetainedearnings

Anentityisauthorizedtosell60,000sharesof$11par,6%cumulativepreferredstockand110,000sharesof$7parcommonstock.Thereare30,000sharesofpreferredstockoutstandingand90,000sharesofcommonstockoutstanding.A$50,000cashdividendhasbeendeclaredbytheboardofdirectors.Nodividendsinarrearsexist.Whatisthetotalamounttobegiventothepreferredshareholder?（）

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$19,800RefertoQuestion3.Howmuchisthecommonstockdividendpershare(rounded)?（）

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$.336TroyCorporationissued50,000sharesof$1parcommonstockatapriceof$5pershare.OnJune1,Troypurchased2,000sharesofitsownstockatacostof$7pershare.

OnDecember1,Troyresoldallthesharesfor$8each.TheentryonDecember1wouldincludewhichofthese?（）

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BothCredittoPaid-inCapitalfromTreasuryStockTransactions,$2,000andCredittoTreasuryStock,$14,000Theentrytosell100sharesof$12parcommonstockat$17persharewouldincludea:（）

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$1,200credittoCommonStock.WhichofthefollowingstatementsareNOTtrueregardingstocktransactions?（）

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ThejournalentryforastocksplitincludesacredittoCommonStock.Authorizedstockiswhichofthefollowing?（）

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ThemaximumnumberofsharesthecompanycanissueIncalculatingtotalstockholders’equity,whichaccountisincluded?（）

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PreferredStockBraxtonCompanyusestheDuPontmodeltoanalyzeprofitability.

Whichstatement(s)is(are)correct?（）

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BothThecorrectformulaisROAxLeverageratio=ROEandROEshouldalwaysexceedROAarecorrect第十一章測(cè)試Inwhichsectionofthestatementofcashflowswould“paymentofdividends”bereported?（）

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Financingactivities

Purchasesoflong-termassetsarereportedinwhichsectionofthestatementofcashflows?（）

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Investingactivities

Thestatementofcashflowsprovidesinformationabout:（）

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selectotherthreechoicesall.Whichofthefollowingdoesnothaveaneffectoncash?（）

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recordingdepletionexpense.

TheMNOcorporationpurchasedalargemachine7yearsagoatatotalcostof$500,000.Theaccumulateddepreciationonthismachineis$390,000.Thecorporationsoldthemachineata$20,000gain.Whatamountwouldbereportedascashproceedsfromthissale?（）

參考答案:

$130,000The