21春學期（1709、1803、1809、1903、1909、2003、2009、2103）《會計專業(yè)英語》在線作業(yè)3

1、21 春學期（1709、1803、1809、1903、1909、2003、2009、2103）《會計專業(yè)英語》在線作業(yè) 31.How is treasury stock shown on the balance sheet?A.as an asset B.as a decrease in stockholders' equity C.as an increase in stockholders' e

2、quity D.treasury stock is not shown on the balance sheet 【參考答案】: B2.One of the main disadvantages of the corporate form is the( )A.professional management B.double taxation of dividends C.charter D.corporation must

3、issue stock 【參考答案】: B3.Characteristics of a corporation include ( )A.shareholders who are mutual agents B.direct management by the shareholders (owners) C.its inability to own property D.shareholders who have limited

4、 liability 【參考答案】: D4.Notes may be issued （ ）A.when assets are purchased B.to creditor's to temporarily satisfy an account payable created earlier C.when borrowing money D.all of the above 【參考答案】: D5.What is

5、the type of account and normal balance of Allowance for Doubtful Accounts?A.income statement B.statement of owner's equity C.statement of cash flows D.balance sheet 【參考答案】: D11.Which statement below

6、is not a reason for a corporation to buy back its own stock.A.resale to employees B.bonus to employees C.for supporting the market price of the stock D.to increase the shares outstanding 【參考答案】: D12.Ca

7、sh equivalents( )A.are illegal in some company B.will be converted to cash within two years C.will be converted to cash within 90 days D.will be converted to cash within 120 days 【參考答案】: C13.Austin, Inc. made a Prepa

8、id Rent payment of $3,500 on January 1st. The company’s monthly rent is $700. The amount of Prepaid Rent that would appear on the January 31 balance sheet after adjustment is:A.$2,800 B.$700 C.$3,500 D.$1,750 【參考答案】: