财务会计复习题VIP专享VIP免费

第1页共12页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共12页《财务会计》复习题Circletheletterofthebestresponse.1．Whichofthefollowingstatementsisfalse?A．Accountingistheinformationsystemthatmeasuresbusinessactivities,processesthatinformationintoreports,andcommunicatestheresultstodecisionmakers.B．Financialstatementsreportfinancialinformationaboutabusinessentitytodecisionmakers.C．Ownersofacorporationarepersonallyliableforthedebtsofthecorporation.D．Thepurposeoffinancialaccountingistoprovideinformationtopeopleoutsideoftheentity,suchasinvestorsandcreditors.2．Wilburownsandoperatesafishingtackleshop.Wilburneedstoborrowmoneytoexpand;therefore,hepreparedfinancialstatementstopresenttohisbanker.Wilburobtainedappraisalsofalltheassetsofthebusinesstoensurethatthebalancesheetwouldreflectthemostcurrentvalueoftheassets.Wilburhasviolatedwhichofthefollowingprinciplesorconcepts?A．ReliabilityprincipleB．CostprincipleC．Going-concernprincipleD．Stable-monetary-unitconcept3．Whichofthefollowingistrue?A．Owners'Equity－Assets＝LiabilitiesB．Assets－Owners'Equity＝LiabilitiesC．Assets＋Liabilities＝Owners'EquityD．Liabilities＝Owners'Equity＋Assets4．G.HarrisonIncexperiencedadecreaseintotalassetsof$2,000duringthecurrentyear.Duringthesameyear,totalliabilitiesdecreased$6,000.Ifdividendsfortheyearwere$10,000andtheownersmadenoadditionalinvestment,howmuchwasnetincome?A．$14,000B．$6,000C．$18,000D．$2,0005．Whichofthefollowingstatementsistrue?A．Theincomestatementreportsallchangesinassets,liabilities,andstockholders'equityofthebusinessduringtheperiod.B．Revenuesandexpensesarereportedonlyonthebalancesheet.C．Thestatementofcashflowsreportscashflowsfromthreetypesofbusinessactivities——cashreceipts,cashpayments,andinvesting.D．Onthestatementofretainedearnings,thenetincomefortheperiodisaddedtothebeginningbalanceofretainedearnings.6．Whichofthefollowingstatementsisnottrue?A．Investingactivitiesrelatetotheinvestmentbyownersintothebusiness.B．Payingdividendsisanexampleofafinancingactivity.第2页共12页第1页共12页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共12页C．Operatingactivitiesarethemostimportanttypeofbusinessactivity.D．Managersmustmakedecisionsaboutoperating,investing,andfinancingactivities.7．Onwhichfinancialstatementcantheendingbalanceinretainedearningsbefound?A．BalancesheetB．IncomestatementC．StatementofretainedearningsD．BothAandC8．Whichoftheseisanexampleofanassetaccount?A．ServiceRevenueB．DividendsC．SuppliesD．Alloftheaboveareassets9．DobsonCompanypaid$1,200onaccount.TheeffectofthistransactiononDobson'saccountingequationisto：A．decreaseliabilitiesandincreasestockholders’equity.B．decreaseassetsanddecreaseliabilities.C．havenoeffectontotalassets.D．decreaseassetsanddecreasestockholders'equity.10．Whichofthesestatementsisfalse?A．Decreasesinliabilitiesandincreasesinrevenuesarerecordedwithacredit.B．Decreasesinassetsandincreasesinstockholders'equityarerecordedwithacredit.C．Increasesinbothassetsandexpensesarerecordedwithadebit.D．Increasesinassetsanddecreasesinliabilitiesarerecordedwithadebit.11．NotePayablehasanormalbeginningbalanceof$40,200.Duringtheperiod,newborrowingstotal$100,000andpaymentsonloanstotal$20,600.DeterminethecorrectendingbalanceinNotePayable.A．$39,200,debitB．$119,600,creditC．$39,200,creditD．$160,800,credit12．Whichoftheses...