本科会计英语习题2
温柔似野鬼°
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2020年08月01日 19:20
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一、Translate into Chinese（20 scores）
1. Financial Accounting Standards Board:
2. Financial statement：
3. additional paid-in capital：
4. special journal：
5. the adjusting entry：
6. There are tree steps: first, analyze transactions in terms of their effects on accounts, and then, use debits, credits, and T-accounts to analyze transactions, last, construct financial statements.
7. After identifying an asset, the accountant must decide what monetary amounts to assign them. Assigning a monetary amount is called a valuation. There are two basic different forms of valuation: market valuation and accounting valuation, and we should distinguish them carefully.
8. At the beginning of 2007. X Company acquired 30 percent (10 000 shares) of the outstanding common stock of Y Corporation, at a cost of $$300 000. The book value of Y Corporation’s net assets at the beginning of 2007 is $$ 900 000.
9. Investing activities include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant and equipment and other productive assets, that is, assets held for or used in the production of goods services by the enterprise.
10. Recognizing that GAAP impose objectivity and verifiability, have a conservative bias, and therefore might not be as flexible in generating an accurate financial report for every firm, we should approach financial statement analysis cautiously.
二、Translate into English（15 scores）
1. 所得税费用：
2. 成本与市价孰低：
3. 定期盘存制：
4. 试算平衡表：
5. 预计可变现净值：
6. 权责发生制：
7.区别投资活动、筹资活动和经营活动现金流量。
8. 1996年IBM通过借新债筹集了76.7亿美元资金，同年动用49.9亿美元偿还债务.
9. 我们应该分析公司的会计选择如何影响其财务报告的。
三、make journal entries for following transactions（39 scores）
1. The owner invested $$120 000 in Som Inc. by purchasing $$100 000 shares of $$1 par common stock.
2. Som Inc. purchased office equipment for $$200 000 cash.
3. Som Inc. completed a consulting engagement for client and billed the client for $$10 000.
4. Som Inc.’ accountant expected to collect only $$9 000 in cash at the end of this year.
5. Som Inc. collected $$9 000of its accounts receivable.
6. The buying and selling transactions of Som Inc. for June is shown in the form:
No. of unittCost per unittTotal cost
Beginning inventoryt50t$$10t$$500
First purchaset60t 12t 720
Units soldt90tt
Units in ending inventorytt20tt
Based on information in the exhibit above, prepare journal entries using following inventory flow assumptions respectively:
FIFO
LIFO
Average Cost
7. Assume that at the beginning of 2000, an equipment was acquired for $$15 500 in cash, salvage value was estimated to be $$500 with a useful life of 5 years.
(1) The amount of depreciation during 2000
under the straight-line method is:
(2) The amount of depreciation during 2001 under the sum-of-years’-digits depreciation is:
(3) The book value of the equipment at the end of 2001is:
(4) If the market price of the equipment reduced to $$8 000 at the end of 2001, using the sum-of-years’-digits depreciation, the estimated impairment loss for the equipment is:
(5) The accounting entries for depreciation during 2000 under the straight-line method is
(6) The accounting entries for recording impairment loss at the end of 2001 is:
四、Read the financial reports, filling the blanks and then compute the financial indicators （26 scores）
Total Toy 公司2001年12月31日，资产负债表有关项目及金额如下表所示：
Assets
Cash
Accounts Receivable
Inventory
Total Assets
Liabilities
应付账款
递延所得税负债
Total Liabilities
Equity
Common stock
留存收益Retained earnings
Total Equity
Total Liabilities & Equity
2 500
6 500
5 850
$$14 850
1 000
1 500
$$2 500
4 550
7 800
$$12 350
$$14 850
2. Total Toy 公司2001年度利润表有关项目及金额如下表所示:
Sales
Cost of goods sold
销售费用
所得税费用
净收益tt18,200
10,650
2,000
1,050
$$4,500
要求:
该公司的资产负债表及收益缺少表首部分内容，请用英文为该公司补充完整。(5 scores)
该公司的资产负债表表首英文表述为：Total Toy Company Balance Sheet on December 31,2001
该公司的收益表表首英文表述为：Total Toy Company Income Statement for the year ended December 31,2001
将表中中文表述的报表项目翻译成英文. (12 scores)
应付账款:
递延所得税负债:
留存收益:
销售费用:
所得税费用:
净收益:
(3) Calculate three financial indicators: (9 scores)
If the Accounts Receivable balance on the beginning of this year is $$4 500, the Accounts Receivable turnover should be:
If the inventory balance on the beginning of this year is $$4 500, the inventory turnover should be:
If the common stock outstanding and un-hold by Total Toy Inc. is 4 550 shares, and the market price per share at December 31,2001 is $$3, the market-to-book ratio should be: