2021 基础会计（全英）(广东外语外贸大学) 最新满分章节测试答案

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本课程起止时间为:2021-03-03到2021-07-17
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Session Eleven Corporation： Organization and Stockholders’ Equity Quiz for Unit 29

1、 问题:Which of the following is not a characteristic of a partnership?
选项：
A:Each partner has authority to bind the partnership to contracts. 
B:Each partner’s liability is limited to the amount of he or she invested. 
C:Ease  of formation. 
D:Each partner must pay personal income taxes on his or her share of partnership net income. 
答案: 【Each partner’s liability is limited to the amount of he or she invested. 】

2、 问题:Each partner of a partnership may be held personally liable for:
选项：
A:business debts equal to the balance of that partner’s capital account. 
B:Only the amount that the partner orginally invested in the business. 
C:all debts of the business. 
D:all debts of the business and all personal debts of the other partners. 
答案: 【all debts of the business. 】

3、 问题:For which form(s) of organization is a business considered a legal entity separate from its owners?
选项：
A:Business organized as a sole proprietorship. 
B:Business organized as a partnership. 
C:Business organized as a corporation. 
D:In each of the above situations, the business is a legal entity separate from its owner(s). 
答案: 【Business organized as a corporation. 】

4、 问题:Stockholders’ equity is generally classified into two major categories:
选项：
A:contributed capital and appropriated capital.
B:appropriated capital and retained earnings.
C:retained earnings and unappropriated capital.
D:paid-in capital and retained earnings. 
答案: 【paid-in capital and retained earnings. 】

5、 问题:D corporation has $100,000 of capital stock and $36,000 of retained earnings at the beginning of 2019. During the year, it incurred losses totaling $30,000. What is the balance of stockholders’ equity for the year ended December 31, 2019?
选项：
A:$106,000
B:$136,000 
C:$130,000
D:$70,000
答案: 【$106,000】

6、 问题:Which of the following is not a major advantage of a corporation?
选项：
A:separate legal existence
B: continuous life
C:limited liabilities for stockholders
D:double taxation
答案: 【double taxation】

7、 问题:A corporation is a legal entity separate from its owners; it may sue and be sued, but it may not own property in its own name.
选项：
A:正确
B:错误
答案: 【错误】

8、 问题:A corporation continues in existence even if a stockholder dies or withdraws from the organization.
选项：
A:正确
B:错误
答案: 【正确】

9、 问题:Stockholders of a corporation are personally liable for the debts of the corporation if all shares of stock are owned by the officers of the corporation.
选项：
A:正确
B:错误
答案: 【错误】

10、 问题:The owner of a sole proprietorship is personally liable for the debts of the business, wheras the stockholders of a corporation are not personally  liable for the debts of the business. 
选项：
A:正确
B:错误
答案: 【正确】

11、 问题:The term sole proprietorship is used to describe a corporation in which all the capital stock is owned by one person. 
选项：
A:正确
B:错误
答案: 【错误】

12、 问题:A partnership may be created merely by two or more persons agreeing to act as partners. 
选项：
A:正确
B:错误
答案: 【正确】

13、 问题:In a limited partnership, the liability of every partner is limited to the amount that he or she has invested in the business. 
选项：
A:正确
B:错误
答案: 【错误】

Session Eleven Corporation： Organization and Stockholders’ Equity Quiz for Unit 30

1、 问题:In a corporate form of business organization, legal capital is best defined as
选项：
A:the amount of capital the state of incorporation allows the company to accumulate over its existence.
B:the par value of all capital stock issued.
C:the amount of capital the federal government allows a corporation to generate.
D:the total capital raised by a corporation within the limits set by the Securities and Exchange Commission.
答案: 【the par value of all capital stock issued.】

2、 问题:Which of the following represents the total number of shares that a corporation may issue under the terms of its charter?
选项：
A:authorized shares
B:issued shares
C:unissued shares
D:outstanding shares
答案: 【authorized shares】

3、 问题:Stock that has a fixed per-share amount printed on each stock certificate is called
选项：
A:stated value stock.
B:fixed value stock.
C:uniform value stock.
D:par value stock.
答案: 【par value stock.】

4、 问题:Hongfa Corporation has 50,000 shares of ￥10 par common stock authorized. The following transactions took place during 2018, the first year of the corporation’s existence:Sold 5,000 shares of common stock for ￥18 per share.Issued 5,000 shares of common stock in exchange for a patent valued at ￥100,000.At the end of the Hongfa’ s first year, total paid-in capital amounted to
选项：
A:￥40,000.
B:￥90,000.
C:￥100,000.
D:￥190,000.
答案: 【￥190,000.】

5、 问题: Century Corporation issued 400,000 shares of ￥4 par value common stock at the time of its incorporation. The stock was issued for cash at a price of ￥16 per share. During the first year of operations, the company sustained a net loss of ￥100,000. The year-end balance sheet would show the balance of the Common Stock account to be: 
选项：
A:￥1,600,000.
B:￥1,500,000.
C:￥6,300,000.
D:￥6,400,000.
答案: 【￥1,600,000.】

6、 问题:Hengfa Corp. has total stockholders’ equity of ￥7,400,000. The company’s outstanding capital stock includes 100,000 shares of ￥10 par value common stock and 20,000 shares of 6%, ￥100 par value preferred stock. (No dividends are in arrears.) The book value per share of common stock is:
选项：
A:￥39.
B:￥49.
C:￥54.
D: ￥74.
答案: 【￥54.】

7、 问题:Li’s Corporation has net assets of $2,072,000 and paid-in capital of $700,000. The only stock issue consists of 74,000 outstanding shares of common stock. From this information, it can be deduced that the company has: 
选项：
A:Retained earnings of $2,072,000.
B:A deficit of $2,072,000.
C:A book value of $9.46 per share of common stock.
D:A book value of $28 per share of common stock.
答案: 【A book value of $28 per share of common stock.】

8、 问题:True no-par stock should be carried in the accounts at issue price without any additional paid-in capital reported.
选项：
A:正确
B:错误
答案: 【正确】

9、 问题:Companies should record stock issued for services or noncash property at either the fair value of the stock issued or the fair value of the consideration received.
选项：
A:正确
B:错误
答案: 【正确】

10、 问题:The retained earnings are a subdivision of paid-in capital.
选项：
A:正确
B:错误
答案: 【错误】

11、 问题:The number of shares a corporation may issue is specified in the articles of incorporation. 
选项：
A:正确
B:错误
答案: 【正确】

12、 问题:When a state authorizes the sale of stock to stockholders, the corporation will credit Retained Earnings for the par value of the stock.
选项：
A:正确
B:错误
答案: 【错误】

13、 问题:The par value of a stock is the minimum amount of capital of the corporation existing for the protection of creditors.
选项：
A:正确
B:错误