MOOC 初级财务会计（英）(西南财经大学)1461813181 最新慕课完整章节测试答案

Chapter 1 Quiz

1、单选题：
‍External users of accounting information include all of the following except: ‌
选项：
A: Regulators.
B: Shareholders.
C: Customers.
D: Marketing managers.
答案: 【 Marketing managers.】

2、单选题：
‏The group that sets preferred accounting practices in the global economy is called the: ​
选项：
A: AICPA.
B: IASB.
C: SEC.
D:  FASB.
答案: 【 IASB.】

3、单选题：
​The accounting principle that requires accounting numbers to be based on actual costs is the:​
选项：
A: Measurement (Cost) principle.
B: Going-concern assumption.
C: Realization principle.
D: Business entity assumption.
答案: 【 Measurement (Cost) principle.】

4、单选题：
‎The assumption that states any business needs to be accounted for separately from other business entities, including its owner or owners is:​
选项：
A: Time-period assumption.
B: Business entity assumption.
C: Monetary unit assumption.
D: Going-concern assumption.
答案: 【 Business entity assumption.】

5、单选题：
‎If a company is considering the purchase of an equipment that was acquired by the seller for $15,000, is offered for sale at $50,000, is considered by the purchaser as easily being worth $25,000, and is purchased for $23,000, the land should be recorded in the purchaser's books at: ‏
选项：
A: $15,000.
B: $23,000.
C: $50,000.
D: $25,000.
答案: 【 $23,000.】

6、判断题：
‎Accounting aims to produce relevant, reliable, and comparable information about an organization's business activities. ‎
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
‏External users of accounting information usually have more information about the organization than internal users. ‎
选项：
A: 正确
B: 错误
答案: 【 错误】

8、判断题：
‏The business entity assumption means that a business is accounted for separately from other business entities.‏‏‏
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
​Revenues should be recognized when cash is received.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‍The expense recognition principle means that a company recognize the expense in the period in which the related revenues are generated. ​
选项：
A: 正确
B: 错误
答案: 【 正确】

Chapter 10 Quiz

1、单选题：
‎Obligations to be paid within one year or the company's operating cycle, whichever is longer, are:‍
选项：
A: Current assets.
B: Current liabilities.
C: Long-term assets.
D: Long-term liabilities.
答案: 【 Current liabilities.】

2、单选题：
‎Accounts payable are:‌
选项：
A: Amounts owed to suppliers for products or services purchased on credit.
B: Amounts received in advance from customers for future products or services.
C: Estimated liabilities.
D: Not usually due on specific dates.
答案: 【 Amounts owed to suppliers for products or services purchased on credit.】

3、单选题：
‌Contingent liabilities must be recorded if:‌
选项：
A: The future event is probable and the amount owed can be reasonably estimated.
B: The future event is remote.
C: The future event is reasonably possible but not estimable.
D: The future event is probable but not estimable.
答案: 【 The future event is probable and the amount owed can be reasonably estimated.】

4、单选题：
‍The difference between the amount received from issuing a note payable and the amount paid back at maturity is:‌
选项：
A: Interest.
B: Principal.
C: Face Value.
D: Accounts Payable.
答案: 【 Interest.】

5、单选题：
‎On December 1, Smile Company signed a 90-day, 6% note payable, with a face value of $15,000. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)‍
选项：
A: $0
B: $75
C: $900
D: $450
答案: 【 $75】

6、判断题：
​A company cannot have a liability if the amount of the obligation involves uncertainty.‌
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‌Sales Taxes Payable is debited and Cash is credited when companies send sales taxes collected from customers to the government.‍
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‏A potential lawsuit is disclosed in the notes when the claim cannot be reasonably estimated and it is reasonably possible.​
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
‌A short-term note payable is a written promise to pay a specified amount on a stated future date within three years or the operating cycle, whichever is longer.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
‍The wage payable is an example of a contingent liability for the employer.‍
选项：
A: 正确
B: 错误
答案: 【 错误】

Chapter 11 Quiz

1、单选题：
‎The carrying value of bonds at maturity always equals:‎
选项：
A: the amount of cash originally received in exchange for the bonds.
B: the par value of the bond.
C: the amount of discount or premium.
D: the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.
答案: 【 the par value of the bond.】

2、单选题：
‌When a bond sells at a premium:‎
选项：
A: The contract rate is above the market rate.
B: The contract rate is equal to the market rate.
C: The contract rate is below the market rate.
D: It means that the bond is a zero coupon bond.
答案: 【 The contract rate is above the market rate.】

3、单选题：
‎Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.‏
选项：
A:  $60,000.
B: $33,750.
C:  $67,500.
D: $30,000.
答案: 【 $33,750.】

4、单选题：
‎ On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannually. The market rate of interest is 8% and the bond selling price was $1,864,097. The bond issuance should be recorded as:‍
选项：
A: Debit Cash $2,000,000; credit Bonds Payable $2,000,000.
B: Debit Cash $1,864,097; credit Bonds Payable $1,864,097.
C: Debit Cash $2,000,000; credit Bonds Payable $1,864,097; credit Discount on Bonds Payable $135,903.
D: Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.
答案: 【 Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.】

5、单选题：
‌The Discount on Bonds Payable account is:‌
选项：
A: A liability.
B: A contra liability.
C: A contra expense.
D: A contra equity.
答案: 【 A contra liability.】

6、判断题：
​A bond's par value is not necessarily the same as its market value.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
‎Payments on an installment note include the accrued interest expense plus a portion of the amount borrowed.‌
选项：
A: 正确
B: 错误
答案: 【 正确】

8、判断题：
‏The carrying value of a bond is computed as the face value minus any unamortized discount or plus any unamortized premium.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

9、判断题：
​The contract rate of interest is the rate that borrowers are willing to pay and lenders are willing to accept for a particular bond and its risk level.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

10、判断题：
​Periodic interest payments on bonds are determined by multiplying the par value of the bond by the bond's contract rate.​
选项：
A: 正确
B: 错误
答案: 【 正确】

Chapter 12 Quiz

1、单选题：
‏Company X had retained earnings of $400,000 at the beginning of a fiscal year. During the year, it had net income of $50,000 and declared and paid cash dividends of $20,000. The ending balance in retained earnings equals:‎
选项：
A: $400,000.
B: $450,000.
C: $430,000.
D:  $470,000.
答案: 【 $430,000.】

2、单选题：
‌Company A issued 2,500 shares of its no par ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be:​
选项：
A: Debit Cash $25,000; credit Share Premium in Excess of Par Value $25,000.
B: Debit Cash $25,000; credit Ordinary Stock $25,000.
C: Debit Ordinary Stock $25,000; credit Cash $25,000.
D:  Debit Treasury Stock $25,000; credit Cash $25,000.
答案: 【 Debit Cash $25,000; credit Ordinary Stock $25,000.】

3、单选题：
‎A company issued 20,000 shares of its $1 par value ordinary stock for cash. The price is $10 per share. The entry to record this transaction would be:‍
选项：
A: Debit Cash $200,000; credit Ordinary Stock $20,000; credit Share Premium, Ordinary Stock $180,000.
B: Debit Cash for $200,000; credit Ordinary Stock $200,000
C: Debit Ordinary Stock $20,000; debit Share Premium, Ordinary Stock $180,000; credit Cash $200,000.
D: Debit Ordinary Stock $20,000; credit Cash $20,000.
答案: 【