中级财务会计英选择题判断题
考点一：应付票据分类，流动负债，非流动负债，非负债
    D  1.    Liabilities are
        a.    any accounts having credit balances after closing entries are made.
b.    deferred credits that are recognized and measured in conformity with generally accepted accounting principles.
c.    obligations to transfer ownership shares to other entities in the future.
d.    obligations arising from past transactions and payable in assets or services in the future.
    D  2.    Which of the following is a current liability?
        a.    A long-term debt maturing currently, which is to be paid with cash in a sinking fund
b.    A long-term debt maturing currently, which is to be retired with proceeds from a new debt
issue
        c.    A long-term debt maturing currently, which is to be converted into common stock
        d.    None of these
    A  3.    Which of the following is true about accounts payable?
1.    Accounts payable should not be reported at their present value.
2.    When accounts payable are recorded at the net amount, a Purchase Discounts account will be used.
3.    When accounts payable are recorded at the gross amount, a Purchase Discounts Lost account will be used.
        a.    1
        b.    2
        c.    3
        d.    Both 2 and 3 are true.
    A  4.    Among the short-term obligations of Lance Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank.  These are 90-day notes, renewable for another 90-day period.  These notes should be classified on the balance sheet of Lance Company as
        a.    current liabilities.
        b.    deferred charges.
        c.    long-term liabilities.
        d.    intermediate debt.
    B  5.    Which of the following is not true about the discount on short-term notes payable?
        a.    The Discount on Notes Payable account has a debit balance.
b.    The Discount on Notes Payable account should be reported as an asset on the balance sheet.
c.    When there is a discount on a note payable, the effective interest rate is higher than the stated discount rate.
        d.    All of these are true.
    D  8.    Which of the following should not be included in the current liabilities section of the balance sheet?
        a.    Trade notes payable
        b.    Short-term zero-interest-bearing notes payable
        c.    The discount on short-term notes payable
        d.    All of these are included
    C  9.    Which of the following is a current liability?
        a.    Preferred dividends in arrears
        b.    A dividend payable in the form of additional shares of stock
        c.    A cash dividend payable to preferred stockholders
        d.    All of these
    11.    Of the following items, the only one which should not be classified as a current liability is
        a.    current maturities of long-term debt.
b.    sales taxes payable.
        c.    short-term obligations expected to be refinanced.
reported
        d.    unearned revenues.
    D  12.    An account which would be classified as a current liability is
        a.    dividends payable in the company's stock.
        b.    accounts payable—debit balances.
c.    losses expected to be incurred within the next twelve months in excess of the company's insurance coverage.
        d.    none of these.
    D  13.    Which of the following may be a current liability?
        a.    Withheld Income Taxes
        b.    Deposits Received from Customers
        c.    Deferred Revenue
        d.    All of these
C  14.    Which of the following items is a current liability?
a.    Bonds (for which there is an adequate sinking fund properly classified as a long-term investment) due in three months.
b.    Bonds due in three years.
c.    Bonds (for which there is an adequate appropriation of retained earnings) due in eleven months.
d.    Bonds to be refunded when due in eight months, there being no doubt about the marketability of the refunding issue.
    D  15.    Which of the following statements is false?
a.    A company may exclude a short-term obligation from current liabilities if the firm intends to refinance the obligation on a long-term basis and demonstrates an ability to complete the refinancing.
b.    Cash dividends should be recorded as a liability when they are declared by the board of directors.
c.    Under the cash basis method, warranty costs are charged to expense as they are paid.
d.    FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.
考点二：实际利息法下溢价和折价对摊销的影响是增加还是减少
B    6.    Stone, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue.  If the bonds were issued at a premium, this indicates that