超星 - Chapter 2 Quiz

单选题

An investment of cash by stockholders into the business will

A. Decrease total assets.
B. Decrease total liabilities.
C. Increase stockholders’ equity.
D. Have no effect on total assets.

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单选题

Purchasing a laptop computer on account will

A. Increase total assets.
B. Increase total liabilities.
C. Have no effect on stockholders’ equity.
D. All of the listed choices are correct.

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单选题

Performing a service on account will

A. increase total assets
B. increase stockholders’ equity
C. increase total liabilities
D. increase total assets and stockholders’ equity

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单选题

Receiving cash from a customer on account will

A. Have no effect on total assets.
B. Increase total assets.
C. Decrease liabilities.
D. Increase stockholders equity.

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单选题

Purchasing computer equipment for cash will

A. Increase both total assets and total liabilities.
B. Decrease both total assets and stockholders’ equity.
C. Decrease both total liabilities and stockholders’ equity.
D. Have no effect on total assets, total liabilities, or stockholders’ equity.

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单选题

Purchasing a building for $80,000 by paying cash of $25,000 and signing a note payable for $55,000 will

A. Increase both total assets and total liabilities by $80,000.
B. Increase both total assets and total liabilities by $55,000.
C. Decrease total assets and increase total liabilities by $25,000.
Decrease both total assets and total liabilities by $25,000.

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单选题

What is the effect on total assets and stockholders’ equity of paying the telephone bill as soon as it is received each month?

A. Decrease Total assets and No effect on Stockholders’ equity
B. No effect on Total assets and No effect on Stockholders’ equity
C. Decrease Total assets and Decrease Stockholders’ equity
D. No effect on Total assets and Decrease Stockholders’ equity

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单选题

Which of the following transactions will increase an asset and increase a liability?

A. Buying equipment on account.
B. Purchasing office equipment for cash.
C. Issuing stock.
D. Payment of an account payable.

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单选题

Which of the following transactions will increase an asset and increase stockholders’ equity?

A. Collecting cash from a customer on an account receivable.
B. Performing a service on account for a customer.
C. Borrowing money from a bank.
D. Purchasing supplies on account.

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单选题

Where do we first record a transaction?

A. Ledger
B. Trial balance
C. Account
D. Journal

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