MOOC 专业外语(北京理工大学珠海学院)1453877164 最新慕课完整章节测试答案

The context and purpose of financial reporting

1、单选题：
‍Which groups of people are most likely to be interested in the financial statements of a sole trader?‏‍1. Shareholders of the company‏‍2. The business's bank manager‏‍3. The tax authorities‏‍4. Financial analysts‏
选项：
A: 1 and 2 only
B: 2 and 3 only
C: 2, 3 and 4 only
D: 1, 2 and 3 only
答案: 【 2 and 3 only】

2、单选题：
‎Which of the following are advantages of trading as a limited liability company?‍‎1  Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.‍‎2  Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.‍‎‍
选项：
A: 1 only
B: 2 only
C: Both 1 and 2
D: Neither 1 or 2
答案: 【 1 only】

3、单选题：
‎Which of the following are TRUE of partnerships?‏‎1       The partners’ individual exposure to debt is limited.‏‎2       Financial statements for the partnership by law must be produced and made public.‏‎3       A partnership is not a separate legal entity from the partners themselves.‏‎‏
选项：
A: 1 and 2 only
B: 2 only
C: 3 only
D: 1 and 3 only
答案: 【 3 only】

4、单选题：
‎‍Which of the
following best describes corporate governance?‍‎‍
选项：
A: Corporate governance is the system of rules and
regulations surrounding financial reporting.
B: Corporate governance is the system by which
companies and other entities are directed and controlled.
C: Corporate governance is carried out by the
finance department in preparing the financial        accounts.
D: Corporate governance is the system by which an
entity monitors its impact on the natural       environment.
答案: 【 Corporate governance is the system by which
companies and other entities are directed and controlled.】

Intangible non-current assets

1、单选题：
‍According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are correct?​‍1   Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as incurred.​‍2   In deciding whether development expenditure qualifies to be recognised as an asset, it is necessary to consider whether there will be adequate finance available to complete the project.​‍3   Development expenditure recognised as an asset must be amortised over a period not exceeding five years.​
选项：
A: 1, 2 and 3
B: 1 and 2 only
C: 1 and 3 only
D: 2 and 3 only
答案: 【 1 and 2 only】

2、单选题：
‍According to IAS 38 Intangible assets, which of the following are intangible non-current assets in the accounts of lota Co?‌‍1    A patent for a new glue purchased for $20,000 by lota Co‌‍2    Development costs capitalised in accordance with IAS 38‌‍3    A licence to broadcast a television series, purchased by lota Co for $150,000‌‍4    A state of the art factory purchased by lota Co for $1.5million‌
选项：
A: 1 and 3 only
B: 1, 2 and 3 only
C: 2 and 4 only
D: 2, 3 and 4 only
答案: 【 1, 2 and 3 only】

3、单选题：
‌The following information is relevant for questions 3 and 4.‏‌The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.‏‌                                                                 $'000‏‌Development costs capitalised, 1 January 20X7                     180‏‌Research and development expenditure for the year                 162‏‌In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position at 31 December 20X7 the following further information is relevant.‏‌(a)   The $180,000 total for development costs as at 1 January 20X7 relates to two projects:‏‌                                                                 $'000‏‌     Project 836: completed project                                82‏‌     (balance being amortised over the period expected to benefit from it.‏‌     Amount to be amortised in 20X7: $20,000)‏‌     Project 910: in progress                                      98‏‌                                                                  180‏‌ (b)   The research and development expenditure for the year is made up of:‏‌                                                                 $'000‏‌      Research expenditure                                        103‏‌      Development costs on Project 910 which continues to satisfy the‏‌        requirements in IAS 38 for capitalisation                  59‏‌                                                                  162‏‌According to IAS 38 Intangible assets, what amount should be charged in the statement of profit or loss and other comprehensive income for research and development costs for the year ended 31 December 20X7?‏‌‏
选项：
A: $123,000
B: $182,000
C: $162,000
D: $103,000
答案: 【 $123,000】

4、单选题：
​The following information is relevant for questions 3 and 4.​​The following balances existed in the accounting records of Koppa Co, at 31 December 20X7.​​                                                                 $'000​​Development costs capitalised, 1 January 20X7                     180​​Research and development expenditure for the year                 162​​In preparing the company's statement of profit or loss and other comprehensive income and statement of financial position at 31 December 20X7 the following further information is relevant.​​(a)   The $180,000 total for development costs as at I January 20X7 relates to two projects:​​                                                                 $'000​​     Project 836: completed project                                82​​     (balance being amortised over the period expected to benefit from it.​​     Amount to be amortised in 20X7: $20,000)​​     Project 910: in progress                                      98​​                                                                  180​​ (b)   The research and development expenditure for the year is made up of:​​                                                                 $'000​​      Research expenditure                                        103​​      Development costs on Project 910 which continues to satisfy the​​        requirements in IAS 38 for capitalisation                  59​​                                                                  162​​According to IAS 38 Intangible assets, what amount should be disclosed as an intangible asset in the statement of financial position for the year ended 31 December 20X7?​​​
选项：
A: $219,000
B: $180,000
C: $160,000
D: $59,000
答案: 【 $219,000】

5、单选题：
‌‏Theta Co purchased a patent on 30 November
20X3 for $25,000. Theta Co expects to use the patent for the next ten years,
after which it will be valueless. According to IAS 38 Intangible assets, what
is the value of the patent in Theta Go's statement of financial position as at
30 November 20X5?‏‌‏
选项：
A: $25,000
B: $20,000
C: $5,000
D: $15,000
答案: 【 $20,000】

Accruals and prepayments

1、单选题：
​Buster's draft accounts for the year to 31 October 20X5 report a loss of $1,486. When he prepared the accounts, Buster did not include an accrual of $1,625 and a prepayment of $834.‎​What is Buster's profit or loss for the year to 31 October 20X5 following the inclusion of the accrual and prepayment?‎
选项：
A: A loss of $695
B: A loss of $2,277
C: A loss of $3,945
D: A profit of $1,807
答案: 【 A loss of $2,277】

2、单选题：
‌A company receives rent for subletting part of its office block.‌‌Rent, receivable quarterly in advance, is received as follows：‌‌Date of receipt         Period covered                 $‌‌1 October 20X1    3 months to 31 December 20X1      7,500‌‌30 December 20X1 3 months to 31 March 20X2      7,500‌‌4 April 20X2        3 months to 30 June 20X2       9,000‌‌1 July 20X2        3 months to 30 September 20X2     9,000           ‌‌1 October 20X2         3 months to 31 December 20X2      9,000‌‌What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?‌
选项：
A: Statement of profit or loss   Statement of financial position$34,000 Debit                    Rent in arrears (Dr) $3,000
B: Statement of profit or loss   Statement of financial position$34,500 Credit                   Rent received in advance (Cr) $6,000
C: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000
D: Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent in arrears (Dr) $3,000
答案: 【 Statement of profit or loss  Statement of financial position$34,000 Credit                  Rent received in advance (Cr) $3,000】

3、单选题：
‎The year end of M Inc is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1 December 20W9, the statement from the gas supplier showed that M Inc had overpaid by $200. M Inc received gas bills for the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and $2,000 respectively.​‎Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November 20X0?​
选项：
A: $6,800
B: $7,000
C: $7,200
D: $7,400
答案: 【 $6,800】

4、单选题：
‎A business compiling its accounts for the year to 31 January each year pays rent quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. After remaining unchanged for some years, the rent was increased from $24,000 per year to $30,000 per year as from 1 July 20X0.‏‎Which of the following figures is the rent expense which should appear in the statement of profit or loss for year ended 31 January 20X1?‏
选项：
A: $27,500
B: $29,500
C: $28,000
D: $29,000
答案: 【 $27,500】

5、单选题：
‏B, a limited liability company, receives rent for subletting part of its office premises to a number of tenants.‍‏In the year ended 31 December 20X4 B received cash of $318,600 from its tenants.‍‏Details of rent in advance and in arrears at the beginning and end of 20X4 are as follows：‍‏                                                    31 December ‍‏                                                  20X4      20X3‍‏                                                    $          $‍‏Rent received in advance                   28,400     24,600‍‏Rent owing by tenants                           18,300     16,900‍‏All rent owing was subsequently received‍‏What figure for rental income should be included in the statement of profit or loss of B for 20X4?‍‏‍
选项：
A: $341,000
B: $336,400
C: $300,800
D: $316,200
答案: 【 $316,200】

6、单选题：
‎What are the correct ledger entries to record an accrual in the accounts?‌
选项：
A: Dr AssetCr Expenses
B: Dr ExpensesCr Liability
C: Dr LiabilityCr Expenses
D: Dr ExpensesCr Asset
答案: 【 Dr ExpensesCr Liability】

7、单选题：
‎‏Mr Bod has paid rent of $2,400 for the
period 1 January 20X8 to 31 December 20X8. His first accounts are being drawn
up for the nine months ended 30 September 20X8.‏‎‏What should his first accounts show?‏‎‏
选项：
A: Only a rent expense of $2,400
B: A rent expense of $1,800 and a pre-payment of
$600
C: A rent expense of $1,800 and accrued income of
$600
D: A rent expense of $2,400, with an explanatory
note that this is the usual charge for 12 months
答案: 【 A rent expense of $1,800 and a pre-payment of
$600】

Receivables and payables

1、单选题：
​At 31 December 20X2 a company's receivables totalled $400,000 and an allowance for receivables of $50,000 had been brought forward from the year ended 31 December 20X1.​​It was decided to write off debts totalling $38,000 and to adjust the allowance for receivables to 10% of the receivables.​​What charge for receivables expense should appear in the company's statement of profit or loss for the year ended 31 December 20X2?​
选项：
A: $74,200
B: $51,800
C: $28,000
D: $24,200
答案: 【 $24,200】

2、单选题：
‏At 30 September 20X2 a company's allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.‎‏At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.‎‏What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense?‎
选项：
A: $42,000
B: $33,925
C: $70,500
D: $32,500
答案: 【 $32,500】

3、单选题：
​A company has received cash for a debt that was previously written off. Which of the following is the correct double entry to record the cash received?‍
选项：
A: Debit                               CreditIrrecoverable debts expense         Accounts receivable
B: Debit                            CreditCash                            Irrecoverable debts expense
C: Debit                            CreditAllowance for receivables        Accounts receivable
D: Debit                            CreditCash                             Allowance for receivables
答案: 【 Debit                            CreditCash                            Irrecoverable debts expense】

4、单选题：
‏At the beginning of the year, the allowance for receivables was $850. At the year-end, the allowance required was $1,000. During the year $500 of debts were written off, which includes $100 previously included in the allowance for receivables.‎‏What is the charge to statement of profit or loss for receivables expense for the year?‎
选项：
A: $1,500
B: $1,000
C: $650
D: $550
答案: 【 $650】

5、单选题：
​Which of the following statements are correct?‌​1  An aged receivables analysis shows how long invoices for each customer have been outstanding.‌​2  A credit limit is a tool applied by the credit control department to make suppliers provide goods on time.‌​3  Receivables are included in the statement of financial position net of the receivables allowance.‌​4  Credit limits are applied to customers who purchase goods using cash only.‌
选项：
A: 1 and 2
B: 2 and 3
C: 1 and 3
D: 3 and 4
答案: 【 1 and 3】

6、单选题：
​At 1 November 20X5, Sanjay Motors is owed $20,000 by Jackson for servicing and repair work carried out on Jackson's fleet of motor vehicles.‌​Of the $20,000 outstanding, $3,500 relates to work that Jackson feels was sub-standard. Despite discussions and negotiation, and although Jackson is generally a 'good customer', Sanjay is doubtful that Jackson will ever pay this $3,500.‌​What allowance for receivables should Sanjay Motors make to account for this doubtful debt?‌
选项：
A: None, Jackson is a good customer so Sanjay Motors should assume they will eventually pay
B: A specific allowance of $20,000 as Jackson may decide not to pay any of their debt
C: A general allowance of $3,500
D: A specific allowance of $3,500
答案: 【 A specific allowance of $3,500】

7、单选题：
‎At the end of its first trading period after commencing business, Khan & Co has a receivables balance of $500,000. It wishes to provide a specific allowance on a debt of $10,000. (The customer that owes this $10,000 is in severe financial difficulty, it is unlikely any of this $10,000 will be recovered).‎‎Khan & Co also wishes to set up a general allowance of 2%.‎‎What is the charge to the statement of profit or loss?‎
选项：
A: $19,800
B: $20,000
C: $10,000
D: $9,800
答案: 【 $19,800】

8、单选题：
‎‎What general ledger entries are required to
write off an irrecoverable balance due from a customer?‎‎‎
选项：
A:     Debit    Revenue    Credit     Receivables expense
B:     Debit    Receivables expense   Credit     Revenue
C:      Debit   Receivables expense   Credit     Trade receivables
control    
D:     Debit    Trade receivables control   Credit     Receivables expense
答案: 【      Debit   Receivables expense   Credit     Trade receivables
control     】

Provisions and contingencies

1、单选题：
​Which of the following statements about contingent assets and contingent liabilities are correct?‎​1   A contingent asset should be disclosed by note if an inflow of economic benefits is probable.‎​2   A contingent liability should be disclosed by note if it is probable that a transfer of economic benefits to settle it will be required, with no provision being made.‎​3   No disclosure is required for a contingent liability if it is not probable that a transfer of economic benefits to settle it will be required.‎​4   No disclosure is required for either a contingent liability or a contingent asset if the likelihood of a payment or receipt is remote.‎
选项：
A: 1 and 4 only
B: 2 and 3 only
C: 2, 3 and 4
D: 1, 2 and 4
答案: 【 1 and 4 only】

2、单选题：
​Wanda Co allows customers to return faulty goods within 14 days of purchase. At 30 November 20X5 a provision of $6,548 was made for sales returns. At 30 November 20X6, the provision was re-calculated and should now be $7,634.​​What should be reported in Wanda Co's statement of profit or loss for the year to 31 October 20X6 in respect of the provision?​
选项：
A: A charge of $7,634
B: A credit of $7,634
C: A charge of $1,086
D: A credit of $1,086
答案: 【 A charge of $1,086】

3、单选题：
‏Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?‌
选项：
A: A provision is a liability of uncertain timing or amount.
B: A provision is a possible obligation of uncertain timing or amount.
C: A provision is a credit balance set up to offset a contingent asset so that the effect on the statement of financial position is nil.
D: A provision is a possible asset that arises from past events.
答案: 【 A provision is a liability of uncertain timing or amount.】

4、单选题：
‍Montague’s paint shop has suffered some bad publicity as a result of a customer claiming to be suffering from skin rashes as a result of using a new brand of paint sold by Montague's shop. The customer launched a court action against Montague in November 20X3, claiming damages of $5,000.‏‍Montague's lawyer has advised him that the most probable outcome is that he will have to pay the customer $3,000.‏‍What amount should Montague include as a provision in his accounts for the year ended 31 December 20X3?‏
选项：
A: $nil
B: $5,000
C: $3,000
D: $8,000
答案: 【 $3,000】

5、单选题：
‍Which of the following items does the statement below describe?​‍"A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the entity's control"​
选项：
A: A provision
B: A current liability
C: A contingent liability
D: A contingent asset
答案: 【 A contingent liability】

6、单选题：
‏‎Which of the following statements about
provisions and contingencies is/are correct?‎‏‎1     A
company should disclose details of the change in carrying value of a provision
from the beginning to the end of the year.‎‏‎2     Contingent
assets must be recognised in the financial statements in accordance with the
prudence concept.‎‏‎3     Contingent
liabilities must be treated as actual liabilities and provided for if it is
probable that they will arise.‎‏‎
选项：
A: 3 only
B: 2 and 3 only
C: 1 and 3 only
D: All three  statements
are correct
答案: 【 1 and 3 only】

Control accounts

1、单选题：
‎You are given the following information:‎‎Receivables at 1 January 20X3                                $10,000‎‎Receivables at 31 December 20X3                              $9,000‎‎Total receipts during 20X3 (including cash sales of $5,000)         $85,000‎‎What is the figure for sales on credit during 20X3?‎
选项：
A: $81,000
B: $86,000
C: $79,000
D: $84,000
答案: 【 $79,000】

2、单选题：
‎Which of the following items could appear on the credit side of a receivables ledger control account?​‎1     Cash received from customers​‎2     Irrecoverable debts written off​‎3     Increase in allowance for receivables​‎4     Sales​‎5     Credits for goods returned by customers​‎6     Cash refunds to customers​
选项：
A: 1, 2 and 5
B: 1, 2, 3 and 6
C: 3, 4 and 5
D: 4 and 6
答案: 【 1, 2 and 5】

3、单选题：
‌At 1 April 20X9, the payables ledger control account showed a balance of $142,320.‎‌At the end of April the following totals are extracted from the subsidiary books for April:‎‌                                                                 $‎‌Purchases day book                                            183,800‎‌Returns outwards day book                                      27,490‎‌Returns inwards day book                                       13,240‎‌Payments to payables, after deducting $1,430 cash discount    196,360‎‌It is also discovered that:‎‌(a)   the purchase day book figure is net of sales tax at 17.5%; the other figures all include sales tax.‎‌(b)   a customer's balance of $2,420 has been offset against his balance of $3,650 in the payables ledger.‎‌(c)   a supplier's account in the payables ledger, with a debit balance of $800, has been included on the list of payables as a credit balance.‎‌What is the corrected balance on the payables ledger control account?‎‌‎
选项：
A: $130,585
B: $144,835
C: $98,429
D: $128,985
答案: 【 $130,585】

4、单选题：
‍The following control account has been prepared by a trainee accountant：‏‍                 RECEIVABLES LEDGER CONTROL ACCOUNT‏‍                                                       $                                         $‏‍Opening balance                      308,600    Cash received from credit    148,600‏‍                                                               customers‏‍Credit sales                          &nb