financial accounting智慧樹知到期末考試答案2024年

financialaccounting智慧樹知到期末考試答案2024年financialaccountingTheerrorofposting$50as$500canbedetectedbydividingtheout-of-balanceamountby9.（）

A:正確B:錯誤答案:正確Duringaperiodofrisingprices,theinventorymethodthatwillyieldthehighestnetincomeandassetvalueisFIFO.（）

A:錯誤B:正確答案:正確YouaretakingavacationtoGermanyandyoubuyEurosfor$1.65.Onyourreturn，youcashinyourunusedEurosfor$1.40.Duringyourvacation,theEuroroseagainstthedollar.（）

A:錯誤B:正確答案:錯誤SalesRevenueiscurrentassets.（）

A:錯誤B:正確答案:錯誤Professionalaccountantsareheldtoahighstandardofethicalconduct.（）

A:正確B:錯誤答案:正確Oneoftheinternalcontrol’sobjectiveismonitoring.（）

A:錯誤B:正確答案:錯誤TheDiscountonBondsPayableaccountisacontraaccounttoBondsPayable.（）

A:錯B:對答案:對Cashpaidtopurchaseabuildingappearsonthestatementofcashflowsamongtheinvestingactivities.（）

A:正確B:錯誤答案:正確Internalcontrolproceduresincludeassignmentofresponsibilities,internalandexternalaudits,adequaterecords.（）

A:錯誤B:正確答案:正確Depreciationshouldnotberecordedinyearsinwhichthemarketvalueoftheassethasincreased.（）

A:錯誤B:正確答案:錯誤Inabankreconciliation,anoutstandingcheckisdeductedfromthebankbalance.（）

A:正確B:錯誤答案:正確Thepurchaseoftreasurystockdecreasestotalassetsandincreasestotalstockholders'equity.（）

A:錯誤B:正確答案:錯誤Whenabondissoldatadiscount,thecashreceivedislessthanthepresentvalueofthefuturecashflowsfromthebond,basedonthemarketrateofinterestonthedateofissue.（）

A:錯誤B:正確答案:錯誤Creditsalesincreasereceivables.（）

A:錯誤B:正確答案:正確Acashbudgethelpscontrolcashbyhelpingtodeterminewhetheradditionalcashisavailableforinvestmentsornewfinancingisneeded.（）

A:正確B:錯誤答案:正確Thetrialbalanceisalistofallaccountswiththeirbalances.（）

A:正確B:錯誤答案:正確Stockholders'equityaccountisincreasedindebit.（）

A:錯誤B:正確答案:錯誤Whencashreceivedoverthecounter,thecashdrawershouldopenonlywhenthesalesclerkentersanamountonthekeys.（）

A:錯誤B:正確答案:正確Thepaymentofthefaceamountofabondonitsmaturitydateisregardedasanoperatingactivity.（）

A:錯誤B:正確答案:錯誤Recordingestimatedwarrantyexpenseintheyeartherelatedproductsaresoldbestfollowsexpenserecognition(matching)ofaccountingprinciple.（）

A:錯誤B:正確答案:正確Acopyright,atrademark,apatent,alloftheaboveareintangibleassets.（）

A:錯誤B:正確答案:正確Revenuesareincreasesinpaid-incapitalresultingfromtheownersinvestinginthebusiness.（）

A:正確B:錯誤答案:錯誤Ondateofpayment,acashdividendbecomealegalliability.（）

A:錯誤B:正確答案:錯誤Themainpurposeofthestatementofstockholders’equityistoreportreasonsforchangesintheequityaccounts.（）

A:正確B:錯誤答案:正確Anunsecuredbondisadebenturebond.（）

A:正確B:錯誤答案:正確Whichofthefollowingisthemostaccuratestatementregardingethicsasappliedtodecisionmakinginaccounting?（）

A:Ethicshasnoplaceinaccounting,sinceaccountingdealspurelywithnumbers.B:Itisimpossibletolearnethicaldecisionmaking,sinceitisjustsomethingyoudecidetodoornottodo.C:Ethicsisbecominglessandlessimportantasafieldofstudyinbusiness.D:Ethicsinvolvesmakingdifficultchoicesunderpressureandshouldbekeptinmindinmakingeverydecision,includingthoseinvolvingaccounting.答案:Ethicsinvolvesmakingdifficultchoicesunderpressureandshouldbekeptinmindinmakingeverydecision,includingthoseinvolvingaccounting.BellCompanyhadcostofgoodssoldof$160,000.Thebeginningandendinginventorieswere$8,000and$23,000,respectively.Purchasesfortheperiodmusthavebeen（）

A:$145,000B:$191,000C:$168,000D:$183,000E:$175,000答案:$175,000OnNovember1,BrownstoneApartmentsreceived$3,600fromatenantforfourmonths'rent.ThereceiptwascreditedtoUnearnedRentRevenue.WhatadjustingentryisneededonDecember31?（）

A:RentRevenue900UnearnedRentRevenue900B:Cash900RentRevenue900C:UnearnedRentRevenue1,800RentRevenue1,800D:UnearnedRentRevenue900RentRevenue900答案:UnearnedRentRevenue1,800RentRevenue1,800TriggCorporationpurchasedtreasurystockin2021atapriceof$22pershareandresoldthetreasurystockin2022atapriceof$42pershare.WhatamountshouldTriggreportonitsincomestatementfor2022?（）

A:$20gainpershareB:$22gainpershareC:$42gainpershareD:$0答案:$0Whichfinancialstatementcoversaperiodoftime?（）

A:IncomestatementB:BalancesheetC:StatementofcashflowsD:BothIncomestatementandStatementofcashflows答案:BothIncomestatementandStatementofcashflowsThefllowingnormalbalancesappearontheadjustedtrialbalanceofAdamsCompany:Equipment.................................................................$90,000Accumulateddepreciation,equipment..........$12,000Depreciationexpense,equipment....................$3,000Thebookvalueoftheequipmentis（）

A:$78,000B:$66,000C:$75,000D:$87,000答案:$78,000Purchasingalaptopcomputeronaccountwill（)

A:increasetotalliabilities.B:selectotherthreechoicesall.C:havenoeffectonstockholders'equity.D:increasetotalassets.答案:selectotherthreechoicesall.Acompanypurchasedmineralassetscosting$832,000withestimatedresidualvalueof$68,800andholdingapproximately240,000tonsofore.Duringthefirstyear,54,000tonsareextractedandsold.Whatistheamountofdepletionforthefirstyear?（）

A:$187,200B:$156,620C:CannotbedeterminedfromthedatagivenD:$171,720答案:$171,720OnOctober1,2021,FreedomCommunicationspurchasedanewpieceofequipmentthatcost$35,000.Theestimatedusefullifeisfiveyearsandestimatedresidualvalueis$8,000.AssumethatFreedomusesthestraight-linemethodofdepreciationandsellstheequipmentfor$22,400onOctober1,2025.Theresultoftheequipmentisagain(loss)of.（）

A:$1,000.B:$9,000.C:$0D:-$4,600.答案:$9,000.Onthestatementofcashflows,activitiesthatcreatelong-termliabilitiesareusually（）

A:noncashinvestingandfinancingactivitiesB:financingactivitiesC:investingactivitiesD:operatingactivities答案:financingactivitiesDuringtheyear,Aynsley,Inc.,has$280,000inrevenues,$145,000inexpenses,and$6,000individenddeclarationsandpayments.Aynsley,Inc.,had（）

A:netincomeof$135,000.B:netincomeof$141,000.C:netlossof$135,000.D:netincomeof$129,000.答案:netincomeof$135,000.Eachofthefollowingisanexampleofacontrolprocedure,except（）

A:separationofdutiesB:limitedaccesstoassetsC:asoundmarketingplanD:soundpersonnelprocedures答案:asoundmarketingplanTheentrytocloseManagementFeeRevenuewouldbewhichofthefollowing?（）

A:ManagementFeeRevenuedoesnotneedtobeclosed.B:ManagementFeeRevenueRetainedEarningsC:ManagementFeeRevenueServiceRevenueD:RetainedEarningsManagementFeeRevenue答案:ManagementFeeRevenueRetainedEarningsOnOctober1,2021,FreedomCommunicationspurchasedanewpieceofequipmentthatcost$35,000.Theestimatedusefullifeisfiveyearsandestimatedresidualvalueis$8,000.Whatisthedepreciationexpensefor2021ifFreedomusesthestraight-linemethod?（）

A:$7,000B:$1,350C:$1,750D:$5,400答案:$1,350Payingoffbondspayableisreportedonthestatementofcashflowsunder（）

A:investingactivities.B:noncashinvestingandfinancingactivities.C:operatingactivities.D:financingactivities.答案:financingactivities.WilliamsInstrumentshadretainedearningsof$350,000atDecember31,2020.Netincomefor2021totaled$183,750,anddividendsdeclaredfor2021were$78,750.HowmuchretainedearningsshouldWilliamsreportatDecember31,2021?（）

A:$35,000B:$533,750C:$455,000D:$10,000答案:$455,000Purchasingabuildingfor$95,000bypayingcashof$25,000andsigninganotepayablefor$70,000will（）

A:decreasebothtotalassetsandtotalliabilitiesby$25,000.B:decreasetotalassetsandincreasetotalliabilitiesby$25,000.C:increasebothtotalassetsandtotalliabilitiesby$70,000.D:increasebothtotalassetsandtotalliabilitiesby$95,000.答案:increasebothtotalassetsandtotalliabilitiesby$70,000.PalaminoCompanyhadan$18,000beginninginventoryanda$21,000endinginventory.Netsaleswere200,000;purchases,$95,000;purchasereturnsandallowances,$6,000;andfreightin,$8,000.WhatisPalamino'sgrossprofitpercentage(roundedtothenearestpercentage)?（）

A:53%B:47%C:9%D:11%答案:53%Thesaleofinventoryforcashisreportedonthestatementofcashflowsunder（）

A:operatingactivities.B:investingactivities.C:noncashinvestingandfinancingactivities.D:financingactivities.答案:operatingactivities.Thejournalentrytorecordthereceiptoflandandabuildingandissuanceofcommonstock（）

A:debitsCommonStockandcreditsLandandBuilding.B:debitsLand,Building,andCommonStock.C:debitsLandandcreditsCommonStock.D:debitsLandandBuildingandcreditsCommonStock.答案:debitsLandandBuildingandcreditsCommonStock.MightyCorporationholdscashof$8,000andowes$31,000onaccountspayable.Mightyhasaccountsreceivableof$47,000,inventoryof$28,000,andlandthatcost40,000.Howmuc