財務會計選擇題及答案英文

❶ 財務會計英文試題

FINANCIAL ACCOUNTING

編號 成績

true or fault
1.Russll'Retail bought goods at $10000 which are marked up to $12500.What was the gross profit rate?
a) $25% b)20% c)12.5% d)15%

2.Gooden Company purchased and began depreciating a new truck on April 1,1999.The truck cost $60000,has a five-year service life, and a $12000 resial value. Assuming use of the double-declining method, what is the 1999 depreciation expense?
a) $13440 b)$14400 c)$16800 d)$18000

3.A Co. purchased $8000 of merchandise on July 9 from B Co., FOB shipping point, term 2/10,n/30. Freight charges of $200 were paid by B Co. If A Co. settled the transaction on July 17, the company would pay:
a)$7840 b)8040 c)8036 d)8200

4.Extraordinary items are:
a)disclosed on the statement of retained earnings.
b)disclosed as part of income from continuing operations
c)unusual or infrequent in nature
d)unusual and infrequent in nature

5.Accumulated depreciation, as the term is used on financial accounting represents:
a)cash set aside to replace plant assets when they are worn out
b)earnings retained in the business that will be used to purchase another plant asset when the present asset becomes fully depreciated
c)the portion of the cost of an asset that has been written off as expense since acquisition
d)an expense to be shown on the income statement

6.Using the data presented below, calculate the cost of goods sold for the ABC Company for 1999.
Current ratio 3.5
Acid ratio 3
Current liabilities 12/31/1999 $600000
Inventory 12/31/1998 $500000
Inventory turnover 8
The cost of goods sold for the ABC Company of 1999 was:
a)$1600000 b)$2400000 c)$3200000 d)$6400000

7.Which of the following transactions would result in an increase in the current ratio if the ratio is presently 2:1?
a) repaid a 90-day loan
b)purchased merchandise on account
c)liquidated a long-term liability
d)received payment of an accounts receivable
e)none of the above

8.An aging schele indicated that M Co. had $12500 of uncollectible accounts. Yet, the adjusting entry for bad debts expense was prepared for only $6000. This situation arose because:
a) There was a $6500 debit balance in the Allowance for Bad Debts account prior to adjustment.
b) There was a $6500 credit balance in the Allowance for Bad Debts account prior to adjustment.
c) The Bad Debts expense account had an existing balance of $6500
d) $6500 of uncollectible accounts were written off ring the accounting period.

9.The LIFO inventory valuation method:
a) is acceptable only if a company sells its newest goods first.
b)will result in higher income levels than FIFO in periods of rising prices.
c)will result in a match of fairly current inventory cost against recent selling prices on the income statement.
d)cannot be used with a periodic inventory system .

10.Four years ago, Harrison company invested $500,000,acquired 25% interest equity in M Co. During the next 3 years, M Co. reported earnings of $300,000 and paid dividends of $200,000. In the current year, M Co. reported earnings of $30,000 and paid dividends of $10,000. If Harrison use the equity method, the balance of the investment account and the current income from the investment should be respectively:
a) $582,500 and $7500
b)$530,000 and $7500
c)$530,000 and $2500
d)$500000 and $2500

Bonds Transactions(15%):
ABC company sold $800,000 of its 9%, 20 years bonds on April 1,1999, at 105. The semi-annual interest payment dates are April 1 and October 1.The effective interest rate is 8%. The company fiscal year ends Dec.31.
Requirements:
Prepare journal entries to record:
1. The bond issuance on April.1, 1999.
2. The first interest payment and amortization of premium on Oct.1(using effective interest method)
3. The amortization of premium and interest expense on Dec.31,1999.(using straight-line method).

XYZ Co. was formed on Jan.1999. The company is authorized to issue 100000 shares of $20 par-value common stock and 30000 shares of 6%, $10 par-value preferred stock. The following selected transactions occurred ring the year(15%):
1. Issued 80000 shares of common stock at $35 per share.
2. Issued 14000 shares of preferred stock at $12 per share.
3. Required 5000 shares of treasury stock for $40 per share.
4. Sold 500 shares of treasury stock at $25 per share.
5. Declared cash dividend for $15000.
Requirement:
Make journal entries based on the information given above(compute the cash dividend for common stock and preferred stock respectively)

Statement of cash flow(30%)

Paper 1 Accounting Reports

Information One： Colwell Corporation
Income Statement
For 2003
Sales $ 3,000,000
Cost of goods sold 1,200,000
$ 1,800,000
Expenses
Selling &administrative $ 1,455,000
Building depreciation 25,000
Equipment depreciation 70,000 $ 1,550,000
$ 250,000
Other revenue (expense)
Interest expense $ (200,000)
Loss on sale of equipment (5,000)
Gains on sale of L-T investment 15,000 (190,000 )

Income before income taxes $ 60,000
Income taxes 20,000
Net income $ 40,000

Information Two： Statement of Retained earning
For 2003
Retained earnings, 1/1/2003 $ 450,000
Add: Net income 40,000
$ 490,000
Less: Cash dividends 15,000
Retained earnings,12/31/2003 $ 475,000

Information Three： Colwell Corporation
Comparative Balance Sheet
Dec.31,2002 and 2003
Assets 2003 2002
Current assets
Cash $ 100,000 $ 50,000
Accounts receivable (net) 400,000 375,000
Inventory 425,000 450,000
Prepaid selling expenses 5,000 4,000
Total current assets $ 930,000 $ 879,000

Property, plant & equipment
Land $ 200,000 $ 115,000
Building 1,450,000 1,250,000
Accumulated depreciation: building (50,000) (25,000)
Equipment 725,000 800,000
Accumulated depreciation: equipment (250,000) (260,000)
Total property, plant & equipment $2,075,000 $ 1,880,000

Other assets
L--T investment $ 880,000 $ 1,000,000
Total assets $ 3,885,000 $ 3,759,000

Liabilities & Stockholders' Equity
Current liabilities
Accounts payable $ 470,000 $ 340,000
Notes payable --- 300,000
Income taxes payable 40,000 39,000
Total current liabilities $ 510,000 $ 679,000

L-T liabilities
Bonds payable $ 2,070,000 $ 2,000,000

Stockholders' equity
Common stock, par value $ 1 $ 195,000 $ 130,000
Paid-in capital in excess of par 635,000 500,000
Retained earnings 475,000 450,000
Total stockholders' equity $ 1,305,000 $ 1,080,000

Total liabilities &stockholders' equity $ 3,885,000 $ 3,759,000

Additional Information extracted from Colwell's accounting records:
1.A parcel of land which cost $85,000 was purchased for cash on Oct.19.
2.A building having a fair market value of $200,000 was acquired on the last day of the year in exchange for 65,000 shares of the company's $1 par-value common stock.
3.Equipment of $100,000 was disposed of for cash on May 1.
4.Equipment of $25,000 was purchased on Nov.1.
5.The notes payable relate to money borrowed from First Pacific Trust in late 1998.
6.$120,000 of long-term investments was sold for $135,000, generated a gain of $15,000.
7.Bonds of $70,000 were issued at face value on Feb.14.
Requirements:
Prepare the Statement of Cash Flow in good form for Colwell Corporation under indirect approach.

❷ 求一道財務會計題目的答案 題支是英文

這個可發你,網路HI你先.切記採納哦

❸ 求解財務會計題目（英文）~希望給出過程和答案~謝謝~

1 先進先出法：剩下的是最後進的 400*10.8+200*11.6=6640
2 加權平均法：（21120/2000）*600=6336
3 後進先出法：剩下的是最初進的 400*10+200*10.4=6080

❹ 財務會計英文版選擇題

截至2014年底，一家公司的收入為400000美元，商品銷售成本為280000美元，所得稅為稅前的30%。公司2014的凈收入是多少？
400000-（400000-280000）*30%-280000=84000

❺ 哪位高手幫忙解下這道財務會計的題（英文的）

a) first year:(500000-50000)/10=45000
second year: (500000-50000)/10=45000
b) first year:500000*(2/10)=100000
second year: (500000-100000)*(2/10)=80000

❻ 財務會計選擇題

一、單選題：（下列各題中，只有一個符合題意的正確答案，將你選定的答案編號用英文大寫字母填入括弧內。本類題共20分，每小題1分。）
1、明確會計服務對象，界定會計為其服務的特定單位和組織的基本前提是( B )。
A. 會計分期 B. 會計主體 C. 持續經營 D. 貨幣計量
2、下列各項業務中，沒有體現謹慎性質量要求的是（ D ）。
A. 對應收賬款計提壞賬准備 B. 對存貨計提存貨跌價准備
C. 對固定資產計提減值准備 D. 長期股權投資期末採用歷史成本法計價
3、企業採用的會計處理方法不能隨意變更，是依據( C )。
A. 可理解性原則 B.客觀性原則 C. 可比性原則 D.重要性原則
4、會計工作依據的根本大法是( A )
A. 會計法 B. 基本會計准則
C. 具體會計准則 D. 企業會計制度
5、銀行匯票付款期限為自出票日起( A )。
A.一個月 B.二個月 C.三個月 D.六個月
6、不單獨設置「備用金」科目的企業，內部各部門、各單位周轉使用的備用金，應通過（ C ）科目核算。
A．庫存現金 B．其他貨幣資金 C．其他應收款 D．銀行存款
7、企業在進行現金清查時，發現現金長款，在未經批准之前，應借記「庫存現金」科目，貸記（ A ）
A.「待處理財產損溢」科目 B.「其他業務收入」科目
C.「營業外收入」科目 D.「其他應付款」科目
8、按照國家《銀行結算賬戶管理辦法》的規定，企業的工資、 獎金等現金的支取，只能通過( A )辦理。
A．基本存款賬戶 B．一般存款賬戶 C．臨時存款賬戶 D．專業存款賬戶
9、甲企業於2010年6月1日銷售一批商品給乙企業，應收賬款200 000元（假定不考慮增值稅），規定的付款條件為2/10、1/20、n/30；乙企業於2010年6月18日付款，乙企業實際享受的現金折扣為（ B ）元。
A. 1000 B. 2000 C. 5000 D. 20000
10、某企業2010年9月1日簽發一張期限為90天的商業承兌匯票，其到期日為（ D ）。
A.11月28日 B.11月29日 C.11月30日 D.12月1日
11、某企業2009年9月1日銷售一批產品給A公司，貨已發出，發票上註明的銷售收入為100000元，增值稅額17000元。收到A公司交來的商業承兌匯票一張，期限為6個月，票面利率為10％，則該商業匯票的到期價值為（ B ）元。
A. 117000 B. 122850 C. 128700 D. 100000

❼ 請問一道有關英文財務會計的選擇題~

Note Payable 應付票據的定義是： a note promising to pay a certain amount of money at a certain time。

G Baker Corporation 以應付票據方式購買了$15,000的設備，條款是
30天付本加12%利息。因沒有加註明，應把12%理解為per annum即年利息。December 11 不重要，30天後是下年1月10日，在該日要付清本錢15,000加利息。 利息可以用兩種辦法來算 12% X 30/365 (一年有365 天，帶利息天數為30）或 12% X 1/12 (一年有12個月，30天簡化為一個月）. 後者是相對簡單的一般演算法。

根據提供的可選項，答案應是本$15,000加利息$150(=$15,000 X 1%)得總數$15,150, 選C。 你書本上標的答案應是錯的。 C才對。

❽ 求財務會計英文習題。。。。附答案哦~

07年注會會計英文附加題(本題型共1題，共10分。答案中的金額單位以千元表示，有小數的，保留兩位小數，兩位小數後四捨五入。用英文在答題卷上解答，答在試題卷上無效)。
1. Company A is a limited liability Company located in China，With Renminbi(RMB)as its recording currency.The following foreign currency transactions or events occurred in this Company from January 20×7 through March 20×7.
(1)On Jan 5th，Company A bought 1 00 thousands B shares of Company X(US$3 per share) for US$300 thousands.The spot exchange rate on that day was$1=7.60.In addition，Company A paid transaction cost of￥20 thousands. Company A classified the investment as held for trading.Until March 31，20×7，Company A was still holding the investment.The fair value of the share is$4.5 per share on March 31，20×7.
(2)On March 20th，Company A purchased equipment Y from an overseas Company for US$200 thousands.The spot exchange rate on the purchase date was $1=￥7.30.Based on the purchase agreement，the purchase price was to be settled in 3 months，although delivery was made immediately.Assume no tariff is levied on the purchase.
(3)On Feb 10th，Company A exposed procts to a US Company with selling price of US$150 thousands.The delivery was made immediately and receivable was e within 60 days from delivery.The spot exchange rate on Feb 10th was $1=￥7.36.Assume no valued-added tax(VAT)is levied on the export.The cost of the procts was ￥900 thousands.
(4)On March 1st，Company A accepted investment of US$1 000 thousands from investor W.The spot exchange rate on that day was $1=￥7.26，and the exchange rate set in the investment contract was $1=￥7.30.Remittance was made to Company A's bank account on March 1st.After the investment，the total paid-in capital of Company A is ￥70 000 thousands，among which investor W accounts for 10％.
(5)Other information：
a.The closing exchange rate on March 31，20×7 is $1=￥7.40.
b.The opening balances of foreign currency monetary accounts of Company A on Dec 31，20×6 are as follows：
Required：
1.Prepare accounting entries for above transactions or events.
2.Determine the carrying amount of investment in Company X』s B shares on March 31，20×7 and prepare the related accounting entry.
3.Calculate the exchange income(or expense)of foreign currency monetary items for the first quarter of 20×7 and prepare the related accounting entry for recognizing foreign exchange income(or expense).
Amount in US$
（in thousands） Exchange rate on Dec 3 1,20x6 Amount in RMB￥
（in thousands）
Accounts receivable 800 7.62 6 096
Accounts payable 1 200 7.62 9 144
Bank deposit 2 000 7.62 15 240