What does the accountant do in recording assets and liabilities according to the stable-monetary-unit concept?A．He simply adds all the amounts together.B．He puts the assets and liabilities on the balance sheet objectively.C．He makes restatement if the val
题目
What does the accountant do in recording assets and liabilities according to the stable-monetary-unit concept?
A．He simply adds all the amounts together.
B．He puts the assets and liabilities on the balance sheet objectively.
C．He makes restatement if the value of money depreciates.
D．He records the assets and liabilities on the balance sheet ignoring the change in purchasing power value of the currency.
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第1题：
In which section of the balance sheet would Treasury Stock be reported?()A、Fixed assets
B、Long-term liabilities
C、Stockholders' equity
D、Intangible assets
正确答案:C
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第2题：
16 Which of the following statements about accounting concepts and conventions are correct?
(1) The entity concept requires that a business is treated as being separate from its owners.
(2) The use of historical cost accounting tends to understate assets and profit when prices are rising.
(3) The prudence concept means that the lowest possible values should be applied to income and assets and the
highest possible values to expenses and liabilities.
(4) The money measurement concept means that only assets capable of being reliably measured in monetary terms
can be included in the balance sheet of a business.
A 1 and 2
B 2 and 3
C 3 and 4
D 1 and 4
正确答案：D
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第3题：
8 Which of the following statements about accounting concepts and conventions are correct?
(1) The money measurement concept requires all assets and liabilities to be accounted for at historical cost.
(2) The substance over form. convention means that the economic substance of a transaction should be reflected in
the financial statements, not necessarily its legal form.
(3) The realisation concept means that profits or gains cannot normally be recognised in the income statement until
realised.
(4) The application of the prudence concept means that assets must be understated and liabilities must be overstated
in preparing financial statements.
A 1 and 3
B 2 and 3
C 2 and 4
D 1 and 4.
正确答案：B
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第4题：
17 Which of the following statements are correct?
(1) All non-current assets must be depreciated.
(2) If goodwill is revalued, the revaluation surplus appears in the statement of changes in equity.
(3) If a tangible non-current asset is revalued, all tangible assets of the same class should be revalued.
(4) In a company’s published balance sheet, tangible assets and intangible assets must be shown separately.
A 1 and 2
B 2 and 3
C 3 and 4
D 1 and 4
正确答案：C
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第5题：
Current _______ are those debts that must be paid within the year.A assets ;
B equities ;
C liabilities
参考答案:C
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第6题：
On the balance sheet, assets and liabilities are classified as either (61) or long-term to indicate their relative liquidity. Liquidity is a (62) of how quickly an item may be converted to cash. Therefore, (63) is the most liquid asset. Accounts receivable are a (64) liquid asset because the business expects to collect the amount in cash in the near future. (65) are less liquid than accounts receivable, and furniture and buildings are even less so.
(46)
A．short-term
B．current
C．circulating
D．futures
正确答案：B
解析：句意：在资产负债表上，资产和负债被分为流动性和非流动性，以表示其相对的流动程度。short-term短期的。circulating流通的，循环的。circulating capital流动资本。 -
第7题：
Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets are called ______.
A．long-term trust
B．long-term liabilities
C．current liabilities
D．current investment
正确答案：C
解析：流动负债期限短，需要流动资产偿还。current assets流动资产。current liabilities流动负债。current investment短期投资。long-terrn trust长期信托。long-term liabilities长期负债。be due应付的，到期的。be paid out of用…支付。 -
第8题：
The accounting equation shows the relationship among ______.
A．assets, liabilities and investor's yield
B．assets, liabilities and owner's equity
C．capital, liabilities and profits
D．capital, costs and profits
正确答案：B
解析：会计等式(accounting equation)：资产=负债+所有者权益。investor's yield投资者的收益。assets, liabilities and owner's equity分别是指：资产、负债、所有者权益。 -
第9题：
A profit and loss statement indicates the company's ______.
A．assets and liabilities at a particular point in time
B．revenues and expenses for a specific period of time
C．financial resources at a particular point in time
D．performance at a particular point in time
正确答案：B
解析：企业的利润表反映的是企业在一定时间内经营成果(收入和支出)的报表。profit and loss statement损益表。A项是资产负债表内容。 -
第10题：
"Balance Sheet" means the statement on which a bank's assets and liabilities are listed.
A．Right
B．Wrong
C．Doesn't say
正确答案：A
解析：从文中第二句后半部分other on-and-off balance sheet exposures such as guarantees, acceptances and securities investments. 可以倒推出来。资产负债表外业务没有涉及资产和负债，那么资产负债表就应该包含资产和负债。on-and-off balance sheet资产负债表内外，balance sheet。 -
第11题：
By what means does a business measure the worth of assets and liabilities?
A．The monetary unit.
B．Dollar.
C．The value of the monetary unit.
D．The sum of all the individual amounts added together.
正确答案：A
解析：一个企业资产和负债的情况是用货币单位来计量。所以A选项符合题意。 -
第12题：
What is the short-coming of the concept?
A．The accountant has to restate the assets and liabilities on the balance sheet.
B．It is difficult to compare the balance sheets of different companies.
C．The balance sheet can not reflect the precise worth of the assets and liabilities.
D．Another company will not decide whether to buy the piece of land.
正确答案：C
解析：文章最后一段提到Suppose another company paid…a much higher amount for the land．如果是基于这样一个观点的话，这样一个资产负债表所反映的内容就要比实物要高出很多，由此可知这一观点的缺点在于，资产负债表不能精确的反映资产和负债的实际情况。 -
第13题：
The accounting equation may be expressed as( )A. Assets = Equities - Liabilities
B. Assets + Liabilities = Owner's Equity
C. Assets = Revenues less Liabilities
D. Assets - Liabilities = Owner's Equity
参考答案：D
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第14题：
5 Which of the following events after the balance sheet date would normally qualify as adjusting events according
to IAS 10 Events after the balance sheet date?
1 The bankruptcy of a credit customer with a balance outstanding at the balance sheet date.
2 A decline in the market value of investments.
3 The declaration of an ordinary dividend.
4 The determination of the cost of assets purchased before the balance sheet date.
A 1, 3, and 4
B 1 and 2 only
C 2 and 3 only
D 1 and 4 only
正确答案：D
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第15题：
12 Which of the following statements are correct?
(1) Contingent assets are included as assets in financial statements if it is probable that they will arise.
(2) Contingent liabilities must be provided for in financial statements if it is probable that they will arise.
(3) Details of all adjusting events after the balance sheet date must be given in notes to the financial statements.
(4) Material non-adjusting events are disclosed by note in the financial statements.
A 1 and 2
B 2 and 4
C 3 and 4
D 1 and 3
正确答案：B
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第16题：
The balance sheet is divided into ______ sections: ______.
A．two.., assets and liabilities
B．two.., incomes and expenditures
C．three.., assets, liabilities and owner's equity
D．three.., incomes, expenditures, and equity
正确答案：C
解析：the balance sheet资产负债表。expenditures支出，花费。 -
第17题：
听力原文： At the end of the total accounting period and after all transactions have been journalized and posted, the equality of the debit and credit entries is checked by preparing a trial balance. A trial balance is a schedule that lists the titles of the accounts in the general ledger and their debit or credit balances. If the trial balance is in balance, the financial statements can be prepared. If a trial balance does not agree, it implies that an error or errors have been made. The account balances, postings and the journal entries must be checked until the error is found. A trial balance does not prove that all transactions have been recorded or that the ledger is correct. The trial balance may still agree when a transaction is not journalized, a journal entry is not posted, an entry is posted twice, incorrect accounts are used in journalizing or posting, or offsetting errors are made in recording the amount of a transaction.
24. How does the accountant check the equality of the debit and credit entries?
25.What is a trial balance?
26.What is implied if a trial balance does not agree?
(24)
A．By posting all the entries.
B．By preparing a trial balance.
C．By comparing the entries on both sides.
D．By recording all the entries once more.
正确答案：B
解析：录音原文提到...the equality of the debit and credit entries is checked by preparing a trial balance，故答案为B项。 -
第18题：
Repayment of the term loan relies on
A．the net inflow of future funds of the assets financed
B．the net outflow of the future funds of the assets financed
C．the total assets of the borrowing firm
D．the total liabilities of the borrowing firm
正确答案：C
解析：第三句指出Thus, term loans look...to amortize and retire the credit, 意思是说定期贷款的偿还指望借款企业未来一系列收益。amortize and retire the credit偿还贷款。look to指望。倒数第三句Term loans normally are secured by fixed assets…意指固定资产可以保证贷款的偿还。结合两者可以推出定期贷款的偿还依靠借款企业的全部资产。 -
第19题：
听力原文：M: If a bank has inadequate liquidity, what would happen?
W: In this case, it cannot obtain sufficient funds, either by increasing liabilities or by converting assets promptly. Thus, insufficient liquidity can lead to the insolvency of a bank.
Q: What would lead to a bank's insolvency?
(14)
A．Adequate liquidity.
B．Insufficient liquidity.
C．Increasing liabilities.
D．Converting assets.
正确答案：B
解析：从女士的回答“insufficient liquidity can lead to the insolvency of a bank”，可知资金流动不足可导致银行破产。 -
第20题：
听力原文：M: Can you tell me something about a balance sheet?
W: Yes. It is divided into three sections: assets, liabilities, and owner's equity and it is used to summarize a company's financial position on a given date.
Q: Which of the following is not a section of a balance sheet?
(15)
A．Profit and Joss
B．Owner's equity.
C．Liabilities
D．Assets.
正确答案：A
解析：根据女士回答资产负债表分为三部分，即"assets", "liabilities" 和"owner's equity"，A项未提及。 -
第21题：
A balance sheet is simply the enumeration of the various assets of a business on one side of a ledger and the enumeration of various liabilities and (61) accounts on the other side. The two sides must be equal, or balance. Only one further point should be (62) : A balance sheet refers to a single point in time, for example, the close of business on December 31. Taken by itself, a balance sheet does not show (63) over time. It is what economists call a stock concept, not a (64) concept. That is, the balance sheet shows the stock of goods a firm has on hand at any particular instant and does not show the flow of goods through the firm over time. For this reason, a balance sheet does not show business (65) , which are a flow.
(46)
A．profit
B．capital
C．income
D．cash
正确答案：B
解析：资产负债表分为三部分：资产、负债、所有者权益。capital accounts等于owner's equity。 -
第22题：
What is the stable-monetary-unit concept?
A．It is the prime means of measuring assets.
B．It is the common denominator in business transactions.
C．It is an orderly basis for handling account balances to produce the financial statements.
D．It is monetary terms in accounting information.
正确答案：C
解析：文章第一段最后一句提到The stable—monetary—unit concept provides…produce the financial statements．货币计量单位的理念，使处理账户余额，生成财务报表能够有序进行。 -
第23题：
What does an asset mean on the balance sheet?
A．It means all the assets recorded in a period of time.
B．It means the sum of all the individual asset amounts added over time.
C．It means the individual dollar amount.
D．It means accounting information expressed in special terms.
正确答案：B
解析：文章第二段提到The business records all assets…individual dollar amounts added over time．资产在资产负债表上通常以单个资产的总和来呈现。