Cre* asked in 教育與參考考試 · 9 years ago

初級會計英文題目

16. How does an asset impairment loss impact a company's financialstatements?Raises expenses and lowers both revenue and net income.Lowers assets, stockholders' equity, and net income.Raises expenses and lowers net income with no effect on any otheritems.Raises liabilities and lowers stockholders' equity. 20. Which of the following statements is true?Depreciation allocates the cost of tangible assets over theiruseful lives.Depreciation allocates the cost of intangible assets over theiruseful lives.Amortization allocates the cost of tangible assets over theiruseful lives.The term "depreciation" relates to all long-lived assetswhereas "amortization" relates only to intangible assets. 24.When estimated useful life of an asset is revised:depreciation will continue at the current rate.depreciation expense reported in previous years would be changedretroactively.the depreciation expense in subsequent years will be changed butpreviouscalculations will not be changed.generally accepted accounting principles have been violated. 28. The costs assigned to the individual assets acquired in a basketpurchase is based on their relativehistorical costs.market values.book values.depreciable costs. 32. Current liabilities could include all of the following except:accounts payable.notes payablecurrent operating expenses.any long-term debt due during the current period. 35. Accrued liabilities could include all of the following except:salaries payable.current portion of long-term debt.income tax payable.interest payable.

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  • 9 years ago
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    16. How does an asset impairment loss impact a company's financialstatements?Raises expenses and lowers both revenue and net income.Lowers assets, stockholders' equity, and net income. (Ο)Raises expenses and lowers net income with no effect on any otheritems.Raises liabilities and lowers stockholders' equity. Dr.loss on impairment…..xxx (價值減損損失,列於損益表作”其他損失”)……Cr.Accumulate Depreciation…xxx(累計折舊增加,資產將減少) 20. Which of the following statements is true?Depreciation allocates the cost of tangible assets over their useful lives. (Ο)Depreciation allocates the cost of intangible assets over their useful lives. (X)Amortization allocates the cost of tangible assets over their useful lives.(X)The term "depreciation" relates to all long-lived assetswhereas "amortization" relates only to intangible assets. (土地不需折舊)

    24.When estimated useful life of an asset is revised:depreciation will continue at the current rate.depreciation expense reported in previous years would be changed retroactively.the depreciation expense in subsequent years will be changed but previouscalculations will not be changed.generally accepted accounting principles have been violated.28. The costs assigned to the individual assets acquired in a basketpurchase is based on their relativehistorical costs.market values.book values.depreciable costs.32. Current liabilities could include all of the following except:accounts payable.notes payablecurrent operating expenses.any long-term debt due during the current period.35. Accrued liabilities could include all of the following except:salaries payable.current portion of long-term debt.income tax payable.interest payable.

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