财务会计题库.doc

《财务会计题库.doc》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、FinancialAccounting,7eHarrison/HorngrenTestItemFileCHAPTER1:THEFINANCIALSTATEMENTS1.1-1Bookkeepingisatypeofaccountingusedprimarilybyproprietorships.Answer:FalseLO:1-1Diff:2EOC:QC11.1-2Thethreeformsofbusinessorganizationsareproprietorships,partnerships,andfor-profitorganizations.Answer:False

2、LO:1-1Diff:1EOC:E1-131.1-3Toconvinceaninvestortoinvestmoneyinaparticularcompany,relevantandreliableaccountinginformationisrequired.Answer:TrueLO:1-1Diff:1EOC:E1-141.1-4LimitedLiabilityCompanies(LLCs)havemembersinsteadofstockholders.Answer:TrueLO:1-1Diff:1EOC:E1-131.1-5Allbusinessownersarepe

3、rsonallyliableforthedebtsoftheirbusinesses.Answer:FalseLO:1-1Diff:1EOC:E1-131.1-6Aproprietorshipisadistinctandseparateentityfromtheproprietor,frombothanaccountingandalegalviewpoint.Answer:FalseLO:1-1Diff:2EOC:E1-131.1-7Thetwotypesofaccountingare:A.profitandnonprofit.B.financialandmanagerial

4、.C.internalandexternal.D.bookkeepinganddecision-oriented.Answer:BLO:1-1Diff:2EOC:E1-1337精品文档交流1.1-8Accordingtotheauthor,potentialinvestorsneedinformationthatis:A.relevantandreliable.B.fairandfuture-oriented.C.accurateandtruthful.D.auditedandcomplete.Answer:ALO:1-1Diff:2EOC:E1-141.1-9Whoulti

5、matelycontrolsacorporation?A.BoardofDirectorsB.TheChiefExecutiveOfficer(CEO)C.ThestockholdersD.ThePresidentAnswer:CLO:1-1Diff:2EOC:E1-131.1-10Financialstatementsare:A.standarddocumentsissuedbyoutsideconsultantswhoarehiredtoanalyzekeyoperationsofthebusinessinfinancialterms.B.standarddocument

6、sthattellushowwellabusinessisperformingandwhereitstandsinfinancialterms.C.reportscreatedbymanagementthatstatesitisresponsiblefortheactsofthecorporation.D.reportsissuedbyoutsideconsultantswhoarehiredtoanalyzekeyoperationsofthebusiness.Answer:BLO:1-1Diff:1EOC:E1-261.1-11Forwhichformofbusiness

7、ownershiparetheownersofabusinesslegallydistinctfromthebusiness?A.CorporationB.PartnershipC.ProprietorshipD.AlloftheaboveAnswer:ALO:1-1Diff:1EOC:E1-1337精品文档交流1.1-12AllofthefollowingareformsofbusinessorganizationsEXCEPT:A.proprietorship.B.limitedpartnershi