会计学原理英文版一单元习题(5)

149. Risk is:

A. Net income divided by average total assets. B. The reward for investment.

C. The uncertainty about the expected return to be earned. D. Unrelated to expected return.

E. Derived from the idea of getting something back from an investment. 150. The statement of cash flows reports all of the following except: A. Cash flows from operating activities. B. Cash flows from investing activities. C. Cash flows from financing activities.

D. The net increase or decrease in assets for the period reported. E. The net increase or decrease in cash for the period reported.

151. The basic financial statements include all of the following except: A. Balance Sheet. B. Income Statement.

C. Statement of Owner's Equity. D. Statement of Cash Flows. E. Trial Balance.

152. The statement of owner's equity:

A. Reports how equity changes at a point in time. B. Reports how equity changes over a period of time.

C. Reports on cash flows for operating, financing, and investing activities over a period of time.

D. Reports on cash flows for operating, financing, and investing activities at a point in time.

E. Reports on amounts for assets, liabilities, and equity at a point in time.

153. The financial statement that reports whether the business earned a profit and also lists the revenues and expenses is called the: A. Balance sheet.

B. Statement of owner's equity. C. Statement of cash flows. D. Income statement.

E. Statement of financial position. 154. A balance sheet lists:

A. The types and amounts of the revenues and expenses of a business.

B. Only the information about what happened to equity during a time period.

C. The types and amounts of assets, liabilities, and equity of a business as of a specific date.

D. The inflows and outflows of cash during the period.

E. The assets and liabilities of a company but not the owner's equity.

155. A financial statement providing information that helps users understand a

company's financial status, and which lists the types and amounts of assets, liabilities, and equity as of a specific date, is called a(n): A. Balance sheet. B. Income statement.

C. Statement of cash flows. D. Statement of owner's equity. E. Financial Status Statement.

156. The financial statement that identifies where a company's cash came from and where it went during the period is the: A. Statement of financial position. B. Statement of cash flows. C. Balance sheet. D. Income statement.

E. Statement of changes in owner's equity.

157. The financial statement that shows the beginning balance of owner's equity; the changes in equity that resulted from new investments by the owner, net income (or net loss); withdrawals; and the ending balance, is the: A. Statement of financial position. B. Statement of cash flows. C. Balance sheet. D. Income statement.

E. Statement of owner's equity.

158. Cash investments by owners are listed on which of the following statements? A. Balance sheet. B. Income statement.

C. Statement of owner's equity only. D. Statement of cash flows only.

E. Statement of owner's equity and statement of cash flows.

159. Accounts payable appear on which of the following statements? A. Balance sheet. B. Income statement.

C. Statement of owner's equity. D. Statement of cash flows. E. Transaction statement.

160. The income statement reports all of the following except: A. Revenues earned by a business. B. Expenses incurred by a business. C. Assets owned by a business.

D. Net income or loss earned by a business.

E. The time period over which the earnings occurred.

161. Use the following information as of December 31 to determine equity.

Liabilities……………… $141,000 Cash…………………… 57,000 Equipment…………….. 206,000 Buildings........................ 175,000 A. $57,000. B. $141,000. C. $297,000. D. $438,000. E. $579,000.

162. Determine the net income of a company for which the following information is available for the month of May. Employee salaries expense.... $180,000 Interest expense.................... 10,000 Rent expense........................ 20,000 Consulting revenue............... 400,000

A. $190,000. B. $210,000. C. $230,000. D. $400,000. E. $610,000.

163. A company acquires equipment for $75,000 cash. This represents a(n): A. Operating activity. B. Investing activity. C. Financing activity. D. Revenue activity. E. Expense activity.

164. A company borrows $125,000 from the Eastside Bank and receives the loan proceeds in cash. This represents a(n): A. Revenue activity. B. Operating activity. C. Expense activity. D. Investing activity. E. Financing activity.

165. Flash had cash inflows from operations $62,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. The net change in cash was:

A. $40,500 increase. B. $40,500 decrease. C. $134,500 decrease. D. $134,000 increase. E. $9,500 increase.

166. Flash has beginning equity of $257,000, net income of $51,000, withdrawals of $40,000 and investments by owners of $6,000. Its ending equity is: A. $223,000. B. $240,000. C. $268,000. D. $274,000. E. $208,000.

167. Rent expense that is paid with cash appears on which of the following statements? A. Balance sheet. B. Income statement.

C. Statement of owner's equity.

D. Income statement and statement of cash flows. E. Statement of cash flows only.

168. A company's balance sheet shows: cash $22,000, accounts receivable $16,000, office equipment $50,000, and accounts payable $17,000. What is the amount of owner's equity? A. $17,000. B. $29,000. C. $71,000. D. $88,000. E. $105,000.

169. A company reported total equity of $145,000 at the beginning of t …… 此处隐藏：4756字，全部文档内容请下载后查看。喜欢就下载吧 ……