绪论 单元测试

1、判断题：
The main task of financial accounting is to provide external statements.
选项：
A:错
B:对
答案: 【对】

第一章 单元测试

1、单选题：
Which of the following is the correct accounting equation? （ ）。
选项：
A:Assets + Liabilities = Equity
B:Assets = Liabilities + Equity
C:Assets + Revenues = Liabilities + Expenses
D:Assets + Revenues = Equity
答案: 【Assets = Liabilities + Equity】

2、单选题：
A business purchases equipment by paying $8,000 in cash and issuing a note payable of $12,000. Which of the following occurs?（ ）。
选项：
A:Cash is debited for $8,000; Equipment is debited for $12,000; and Notes Payable is credited for $20,000.
B:Cash is debited for $8,000; Equipment is credited for $12,000; and Notes Payable is debited for $4,000.
C:Cash is credited for $8,000; Equipment is debited for $20,000; and Notes Payable is credited for $12,000.
D:Cash is credited for $8,000; Equipment is credited for $20,000; and Notes Payable is debited for $12,000.
答案: 【Cash is credited for $8,000; Equipment is debited for $20,000; and Notes Payable is credited for $12,000.】

3、单选题：
Which of the following accounts would be used under the accrual method of accounting, but not under the cash basis accounting?（ ）。
选项：
A:Service Revenue
B:Salary Expense
C:Cash
D:Unearned Revenue
答案: 【Unearned Revenue】

4、单选题：
Which of the following categories of accounts are temporary accounts that are closed at the end of the year?（ ）。
选项：
A:Revenues, expenses and withdrawals
B:Revenues, expenses and capital
C:Assets, liabilities and withdrawals
D:Assets, liabilities and capital
答案: 【Revenues, expenses and withdrawals】

5、单选题：
A company sold merchandise for $1,000 on account with terms of 2/10, n/30. The company uses a perpetual inventory system. Defective merchandise of $200 was returned 2 days later. If the payment was received after 20 days, the journal entry to record the cash receipt will include:（ ）。
选项：
A:a debit to Cash for $980 and a credit to Accounts Receivable for $980.
B:a debit to Cash for $800 and a credit to Accounts Receivable for $800.
C:a credit to Cost of Goods Sold for $1000 and a debit to Sales for $1,000.
D:a credit to Sales for $800 and a debit to Cash for $ 800.
答案: 【a debit to Cash for $800 and a credit to Accounts Receivable for $800.】

第二章 单元测试

1、单选题：
A check was written by a business for $507, but was recorded in the cash payments journal as $705. How would this error be included on the bank reconciliation?（ ）。
选项：
A:a deduction on the bank side
B:a deduction on the book side
C:an addition on the bank side
D:an addition on the book side
答案: 【an addition on the book side】

2、单选题：
The Gain on Disposal of Trading Securities is reported in the:（ ）。
选项：
A:current assets section of the balance sheet.
B:other revenues and expenses section of the income statement.
C:owners' capital section of the income statement.
D:fixed assets section of the balance sheet.
答案: 【other revenues and expenses section of the income statement.】

3、单选题：
Significant interest investments must be accounted for using the:（ ）。
选项：
A:acquisition method.
B:discounted cash flow method.
C:consolidation method.
D:equity method.
答案: 【equity method.】

4、单选题：
On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. Residual value at the end of 5 years is estimated to be $50,000. Calculate the depreciation expense per year using the straight-line method.（ ）。
选项：
A:$190,000
B:$250,000
C:$200,000
D:$240,000
答案: 【$190,000】

5、单选题：
A photocopy machine costs $95,000 when new and has accumulated depreciation of $88,000. Suppose the company junks this machine and receives nothing. What is the result of the disposal transaction?（ ）。
选项：
A:loss of $ 7,000
B:no gain or no loss
C:gain of $ 7,000
D:loss of $ 11,000
答案: 【loss of $ 7,000】