《財務會計》相關複習題(英文版)(doc 12頁)

《財務會計》相關複習題(英文版)內容提要：
Circle the letter of the best response.
1、Which of the following statements is false?
A、Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers.
B、Financial statements report financial information about a business entity to decision makers.
C、Owners of a corporation are personally liable for the debts of the corporation.
D、The purpose of financial accounting is to provide information to people outside of the entity, such as investors and creditors.
2、Wilbur owns and operates a fishing tackle shop. Wilbur needs to borrow money to expand; therefore, he prepared financial statements to present to his banker. Wilbur obtained appraisals of all the assets of the business to ensure that the balance sheet would reflect the most current value of the assets. Wilbur has violated which of the following principles or concepts?
A、Reliability principle
B、Cost principle
C、Going-concern principle
D、Stable-monetary-unit concept
3、Which of the following is true?
A、Owners' Equity － Assets ＝ Liabilities
B、Assets － Owners' Equity ＝ Liabilities
C、Assets ＋ Liabilities ＝ Owners' Equity
D、Liabilities ＝ Owners' Equity ＋ Assets
4、G. Harrison Inc experienced a decrease in total assets of $2,000 during the current year. During the same year, total liabilities decreased $6,000. If dividends for the year were $10,000 and the owners made no additional investment, how much was net income?
A、$14,000
B、$ 6,000
C、$18,000
D、$ 2,000
5、Which of the following statements is true?
A、The income statement reports all changes in assets, liabilities, and stockholders' equity of the business during the period.
B、Revenues and expenses are reported only on the balance sheet.
C、The statement of cash flows reports cash flows from three types of business activities——cash receipts, cash payments, and investing.
D、On the statement of retained earnings, the net income for the period is added to the beginning balance of retained earnings.
6、Which of the following statements is not true?
A、Investing activities relate to the investment by owners into the business.
B、Paying dividends is an example of a financing activity.
C、Operating activities are the most important type of business activity.
D、Managers must make decisions about operating, investing, and financing activities.
7、On which financial statement can the ending balance in retained earnings be found?
A、Balance sheet
B、Income statement
C、Statement of retained earnings
D、Both A and C

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