财务会计选择题及答案英文

❶ 财务会计英文试题

FINANCIAL ACCOUNTING

编号 成绩

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 求一道财务会计题目的答案 题支是英文

这个可发你,网络HI你先.切记采纳哦

❸ 求解财务会计题目（英文）~希望给出过程和答案~谢谢~

1 先进先出法：剩下的是最后进的 400*10.8+200*11.6=6640
2 加权平均法：（21120/2000）*600=6336
3 后进先出法：剩下的是最初进的 400*10+200*10.4=6080

❹ 财务会计英文版选择题

截至2014年底，一家公司的收入为400000美元，商品销售成本为280000美元，所得税为税前的30%。公司2014的净收入是多少？
400000-（400000-280000）*30%-280000=84000

❺ 哪位高手帮忙解下这道财务会计的题（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 财务会计选择题

一、单选题：（下列各题中，只有一个符合题意的正确答案，将你选定的答案编号用英文大写字母填入括号内。本类题共20分，每小题1分。）
1、明确会计服务对象，界定会计为其服务的特定单位和组织的基本前提是( B )。
A. 会计分期 B. 会计主体 C. 持续经营 D. 货币计量
2、下列各项业务中，没有体现谨慎性质量要求的是（ D ）。
A. 对应收账款计提坏账准备 B. 对存货计提存货跌价准备
C. 对固定资产计提减值准备 D. 长期股权投资期末采用历史成本法计价
3、企业采用的会计处理方法不能随意变更，是依据( C )。
A. 可理解性原则 B.客观性原则 C. 可比性原则 D.重要性原则
4、会计工作依据的根本大法是( A )
A. 会计法 B. 基本会计准则
C. 具体会计准则 D. 企业会计制度
5、银行汇票付款期限为自出票日起( A )。
A.一个月 B.二个月 C.三个月 D.六个月
6、不单独设置“备用金”科目的企业，内部各部门、各单位周转使用的备用金，应通过（ C ）科目核算。
A．库存现金 B．其他货币资金 C．其他应收款 D．银行存款
7、企业在进行现金清查时，发现现金长款，在未经批准之前，应借记“库存现金”科目，贷记（ A ）
A.“待处理财产损溢”科目 B.“其他业务收入”科目
C.“营业外收入”科目 D.“其他应付款”科目
8、按照国家《银行结算账户管理办法》的规定，企业的工资、 奖金等现金的支取，只能通过( A )办理。
A．基本存款账户 B．一般存款账户 C．临时存款账户 D．专业存款账户
9、甲企业于2010年6月1日销售一批商品给乙企业，应收账款200 000元（假定不考虑增值税），规定的付款条件为2/10、1/20、n/30；乙企业于2010年6月18日付款，乙企业实际享受的现金折扣为（ B ）元。
A. 1000 B. 2000 C. 5000 D. 20000
10、某企业2010年9月1日签发一张期限为90天的商业承兑汇票，其到期日为（ D ）。
A.11月28日 B.11月29日 C.11月30日 D.12月1日
11、某企业2009年9月1日销售一批产品给A公司，货已发出，发票上注明的销售收入为100000元，增值税额17000元。收到A公司交来的商业承兑汇票一张，期限为6个月，票面利率为10％，则该商业汇票的到期价值为（ B ）元。
A. 117000 B. 122850 C. 128700 D. 100000

❼ 请问一道有关英文财务会计的选择题~

Note Payable 应付票据的定义是： a note promising to pay a certain amount of money at a certain time。

G Baker Corporation 以应付票据方式购买了$15,000的设备，条款是
30天付本加12%利息。因没有加注明，应把12%理解为per annum即年利息。December 11 不重要，30天后是下年1月10日，在该日要付清本钱15,000加利息。 利息可以用两种办法来算 12% X 30/365 (一年有365 天，带利息天数为30）或 12% X 1/12 (一年有12个月，30天简化为一个月）. 后者是相对简单的一般算法。

根据提供的可选项，答案应是本$15,000加利息$150(=$15,000 X 1%)得总数$15,150, 选C。 你书本上标的答案应是错的。 C才对。

❽ 求财务会计英文习题。。。。附答案哦~

07年注会会计英文附加题(本题型共1题，共10分。答案中的金额单位以千元表示，有小数的，保留两位小数，两位小数后四舍五入。用英文在答题卷上解答，答在试题卷上无效)。
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