超星 - Assignment 1

单选题

Thevaluationofassetsonthebalancesheetisgenerallybasedon:

A. currentfairmarketvalueasestablishedbyindependentappraisers.
B. historicalcost.
C. sellingprice.
D. whatitwouldcosttoreplacetheasset.

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单选题

Theaccountingequationcanbeexpressedas:

Assets=Liabilities - OwnersEquity
B. Assets+Liabilities=OwnersEquity
C. Assets-Liabilities=OwnersEquity
D. OwnersEquity-Assets=Liabilities

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单选题

Thenatureofanassetisbestdescribedas:

A. aneconomicresourcethatsexpectedtobenefitfutureoperations.
B. somethingwithphysicalformthatsvaluedatcostintheaccountingrecords.
C. somethingownedbyabusinessthathasareadymarketvalue.
D. aneconomicresourcerepresentingcashortherighttoreceivecashinthefuture

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单选题

Whichfinancialstatementcoversaperiodoftime?

A. Balancesheet&Incomestatement
B. Incomestatement&Statementofcashflows
C. Balancesheet&Statementofcashflows
D. Balancesheet&Statementofretainedearnings

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单选题

Howwouldnetincomebemostlikelytoaffecttheaccountingequation?

A. Increaseassetsandincreaseliabilities
B. Decreaseassetsanddecreaseliabilities
C. Increaseliabilitiesanddecreasestockholders’equity
D. Increaseassetsandincreasestockholders’equity

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单选题

Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and$4,000individendpayments.Stockholdersequitychangedby:

A. +$66,000
B. +$70,000
C. -$66,000
D. +$74,000

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单选题

Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and $4,000individendpayments.EcoWashhadnetincome(ornetloss)of

A. netlossof$50,000.
B. netincomeof$70,000.
C. netincomeof$66,000.
D. netincomeof$120,000

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单选题

RochesterCorporationholdscashof$11,000andowes$27,000onaccountspayable.Rochesterhasaccountsreceivableof $40,000,inventoryof$34,000,andlandthatcost$55,000.HowmuchareRochesterstotalassetsandliabilities?

A. Totalassets$129,000；TotalLiabilities$27,000
B. Totalassets$27,000；TotalLiabilities$140,000
C. Totalassets$140,000；TotalLiabilities$27,000
D. Totalassets$140,000；TotalLiabilities$93,000

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单选题

Duringtheyear,McKennaCompanysstockholdersequityincreasedfrom$38,000to $50,000.McKennaearnednetincomeof$18,000.Howmuchindividendsdid McKennadeclareduringtheyear?

A. $-0-
B. $6,000
C. $12,000
D. $7,000

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单选题

JavisCompanyhadtotalassetsof$340,000andtotalstockholdersequityof$130,000atthebeginningoftheyear.Duringthe yearassetsincreasedby$70,000andliabilitiesincreasedby$25,000.Stockholdersequityattheendoftheyearis:

A. $95,000.
B. $175,000.
C. $200,000.
D. $155,000.

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