专业英语习题.doc

专业英语习题 一、单项选择题 1. Which of the following are reported in the stockholders’ equity section of the balance sheet? ( ) revenues and expenses b.dividends and retained earnings common stock and dividends mon stock and retained earnings 2. Current assets are presented in the balance sheet in order of ( ) dollar amounts b. liquidity c. solvency d. the alphabet 3. Current liabilities include all of the following except ( ) accrued wages payable advance received from customer current portion of long-term loan prepaid expenses 4. Credit terms of 2/10 n/30 indicate: ( ) a 2% discount if 10 items are purchased no payment is required until the 31st day after the invoice date a 10% discount if 2 items are purchased. a 2% discount for amounts paid within 10 days of the invoice and the remaining balance due within 30 days 5. Which statement regarding the inventory turnover ratio is Not True? ( ) The ratio measures the average rate of speed inventories move through and out of company. Inventory turnover=Average Inventory ( COGS Inventory turnover figures vary considerably from industry to industry. A low inventory turnover can result from an overextended inventory position or from inadequate sales volume. 6. Which statement regarding the liabilities and owners’ equity section of balance sheet is False? ( ) Payment of Dividend Payable eliminates both the assets and the owners’ equity Liabilities are debts or obligations that must be discharged in money or services in the future Owners’ equity is a residual claim to the remaining assets after discharge of debts. Balance sheet of corporations should separate Capital Stock and Retained Earnings. 7. What is the difference between the quick and current ratio? ( ) The quick ratio deals with the company’s ability to pay its liabilities whereas the current ratio does not The current ratio is a more stringent(严格的) test o