大学MOOC FinancialAccounting(上海海事大学)1452829165 最新慕课完整章节测试答案

Thecontextandpurposeoffinancialreporting

1、单选题：
‏Which groups of people are most likely to be interested in the financial statements of a sole trader?‏‏1. Shareholders of the company‏‏2. The business's bank manager‏‏3. The tax authorities‏‏4. Financial analysts‏
选项：
A: 1 and 2 only
B: 2 and 3 only
C: 2, 3 and 4 only
D: 1, 2 and 3 only
答案: 【 2 and 3 only】

2、单选题：
​Which of the following are advantages of trading as a limited liability company?‍​1  Operating as a limited liability company makes raising finance easier because additional shares can be issued to raise additional cash.‍​2  Operating as a limited liability company is more risky than operating as a sole trader because the shareholders of a business are liable for all the debts of the business whereas the sole trader is only liable for the debts up to the amount he has invested.‍​‍
选项：
A: 1 only
B: 2 only
C: Both 1 and 2
D: Neither 1 or 2
答案: 【 1 only】

3、单选题：
‎Which of the following are TRUE of partnerships?‍‎1       The partners’ individual exposure to debt is limited.‍‎2       Financial statements for the partnership by law must be produced and made public.‍‎3       A partnership is not a separate legal entity from the partners themselves.‍‎‍
选项：
A: 1 and 2 only
B: 2 only
C: 3 only
D: 1 and 3 only
答案: 【 3 only】

Intangiblenon-currentassets

1、单选题：
‍According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are correct?‌‍1   Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as incurred.‌‍2   In deciding whether development expenditure qualifies to be recognised as an asset, it is necessary to consider whether there will be adequate finance available to complete the project.‌‍3   Development expenditure recognised as an asset must be amortised over a period not exceeding five years.‌
选项：
A: 1, 2 and 3
B: 1 and 2 only
C: 1 and 3 only
D: 2 and 3 only
答案: 【 1 and 2 only】

2、单选题：
‎According to IAS 38 Intangible assets, which of the following are intangible non-current assets in the accounts of lota Co?‏‎1    A patent for a new glue purchased for $20,000 by lota Co‏‎2    Development costs capitalised in accordance with IAS 38‏‎3    A licence to broadcast a television series, purchased by lota Co for $150,000‏‎4    A state of the art factory purchased by lota Co for $1.5million‏
选项：
A: 1 and 3 only
B: 1, 2 and 3 only
C: 2 and 4 only
D: 2, 3 and 4 only
答案: 【 1, 2 and 3 only】

Accrualsandprepayments

1、单选题：
‎A business compiling its accounts for the year to 31 January each year pays rent quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. After remaining unchanged for some years, the rent was increased from $24,000 per year to $30,000 per year as from 1 July 20X0.‎‎Which of the following figures is the rent expense which should appear in the statement of profit or loss for year ended 31 January 20X1?‎
选项：
A: $27,500
B: $29,500
C: $28,000
D: $29,000
答案: 【 $27,500】

2、单选题：
​What are the correct ledger entries to record an accrual in the accounts?‍
选项：
A: Dr AssetCr Expenses
B: Dr ExpensesCr Liability
C: Dr LiabilityCr Expenses
D: Dr ExpensesCr Asset
答案: 【 Dr ExpensesCr Liability】

Receivablesandpayables

1、单选题：
‎At 30 September 20X2 a company's allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.‏‎At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.‏‎What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense?‏
选项：
A: $42,000
B: $33,925
C: $70,500
D: $32,500
答案: 【 $32,500】

2、单选题：
‎A company has received cash for a debt that was previously written off. Which of the following is the correct double entry to record the cash received?‌
选项：
A: Debit                               CreditIrrecoverable debts expense         Accounts receivable
B: Debit                            CreditCash                            Irrecoverable debts expense
C: Debit                            CreditAllowance for receivables        Accounts receivable
D: Debit                            CreditCash                             Allowance for receivables
答案: 【 Debit                            CreditCash                            Irrecoverable debts expense】

3、单选题：
‍At the end of its first trading period after commencing business, Khan & Co has a receivables balance of $500,000. It wishes to provide a specific allowance on a debt of $10,000. (The customer that owes this $10,000 is in severe financial difficulty, it is unlikely any of this $10,000 will be recovered).​‍Khan & Co also wishes to set up a general allowance of 2%.​‍What is the charge to the statement of profit or loss?​
选项：
A: $19,800
B: $20,000
C: $10,000
D: $9,800
答案: 【 $19,800】

Provisionsandcontingencies

1、单选题：
‌Which of the following statements about contingent assets and contingent liabilities are correct?‍‌1   A contingent asset should be disclosed by note if an inflow of economic benefits is probable.‍‌2   A contingent liability should be disclosed by note if it is probable that a transfer of economic benefits to settle it will be required, with no provision being made.‍‌3   No disclosure is required for a contingent liability if it is not probable that a transfer of economic benefits to settle it will be required.‍‌4   No disclosure is required for either a contingent liability or a contingent asset if the likelihood of a payment or receipt is remote.‍
选项：
A: 1 and 4 only
B: 2 and 3 only
C: 2, 3 and 4
D: 1, 2 and 4
答案: 【 1 and 4 only】

2、单选题：
‌Wanda Co allows customers to return faulty goods within 14 days of purchase. At 30 November 20X5 a provision of $6,548 was made for sales returns. At 30 November 20X6, the provision was re-calculated and should now be $7,634.‌‌What should be reported in Wanda Co's statement of profit or loss for the year to 31 October 20X6 in respect of the provision?‌
选项：
A: A charge of $7,634
B: A credit of $7,634
C: A charge of $1,086
D: A credit of $1,086
答案: 【 A charge of $1,086】

3、单选题：
‎Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?​
选项：
A: A provision is a liability of uncertain timing or amount.
B: A provision is a possible obligation of uncertain timing or amount.
C: A provision is a credit balance set up to offset a contingent asset so that the effect on the statement of financial position is nil.
D: A provision is a possible asset that arises from past events.
答案: 【 A provision is a liability of uncertain timing or amount.】

4、单选题：
‍Montague’s paint shop has suffered some bad publicity as a result of a customer claiming to be suffering from skin rashes as a result of using a new brand of paint sold by Montague's shop. The customer launched a court action against Montague in November 20X3, claiming damages of $5,000.‏‍Montague's lawyer has advised him that the most probable outcome is that he will have to pay the customer $3,000.‏‍What amount should Montague include as a provision in his accounts for the year ended 31 December 20X3?‏
选项：
A: $nil
B: $5,000
C: $3,000
D: $8,000
答案: 【 $3,000】

5、单选题：
‌Which of the following items does the statement below describe?‌‌"A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the entity's control"‌
选项：
A: A provision
B: A current liability
C: A contingent liability
D: A contingent asset
答案: 【 A contingent liability】

Controlaccounts

1、单选题：
‎You are given the following information:​‎Receivables at 1 January 20X3                                $10,000​‎Receivables at 31 December 20X3                              $9,000​‎Total receipts during 20X3 (including cash sales of $5,000)         $85,000​‎What is the figure for sales on credit during 20X3?​
选项：
A: $81,000
B: $86,000
C: $79,000
D: $84,000
答案: 【 $79,000】

2、单选题：
‍Which of the following items could appear on the credit side of a receivables ledger control account?​‍1     Cash received from customers​‍2     Irrecoverable debts written off​‍3     Increase in allowance for receivables​‍4     Discounts allowed​‍5     Sales​‍6     Credits for goods returned by customers​‍7     Cash refunds to customers​
选项：
A: 1, 2, 4 and 6
B: 1, 2, 4 and 7
C: 3, 4, 5 and 6
D: 5 and 7
答案: 【 1, 2, 4 and 6】

3、单选题：
‎Which one of the following is not the purpose of a receivables ledger control account?‎
选项：
A: A receivables ledger control account provides a check on the arithmetical accuracy of the personal ledger.
B: A receivables ledger control account helps to locate errors in the trial balance.
C: A receivables ledger control account ensures that there are no errors in the personal led