会计学原理英文版一单元习题(2)

D. To provide information on both the costs and benefits of looking after products and services.

E. To know what, when, and how much to produce.

84.The area of accounting aimed at serving the decision making needs of internal users is:

A. Financial accounting. B. Managerial accounting. C. External auditing. D. SEC reporting. E. Bookkeeping.

85.External users of accounting information include all of the following except: A. Shareholders. B. Customers.

C. Purchasing managers. D. Government regulators. E. Creditors.

86. All of the following regarding a Certified Public Accountant are true except: A. Must meet education and experience requirements. B. Must pass an examination. C. Must exhibit ethical character.

D. May also be a Certified Management Accountant. E. Cannot hold any certificate other than a CPA.

87. Ethical behavior requires:

A. That auditors' pay not depend on the success of the client's business. B. Auditors to invest in businesses they audit.

C. Analysts to report information favorable to their companies. D. Managers to use accounting information to benefit themselves. E. That auditors' pay depend on the success of the client's business. 88. Social responsibility:

A. Is a concern for the impact of our actions on society.

B. Is a code that helps in dealing with confidential information. C. Is required by the SEC.

D. Requires that all businesses conduct social audits. E. Is limited to large companies.

89. All of the following are true regarding ethics except: A. Ethics are beliefs that separate right from wrong. B. Ethics rules are often set for CPAs.

C. Ethics do not affect the operations or outcome of a company. D. Are critical in accounting. E. Ethics can be hard to apply.

90. The accounting concept that requires financial statement information to be

supported by independent, unbiased evidence other than someone's belief or opinion is:

A. Business entity assumption. B. Monetary unit assumption. C. Going-concern assumption. D. Time-period assumption. E. Objectivity

91. A corporation:

A. Is a business legally separate from its owners. B. Is controlled by the FASB.

C. Has shareholders who have unlimited liability for the acts of the corporation. D. Is the same as a limited liability partnership. E. Is not subject to double taxation.

92. The group that attempts to create more harmony among the accounting practices of different countries is the: A. AICPA. B. IASB. C. CAP. D. SEC. E. FASB.