题目内容（请给出正确答案）

[主观题]

The rule that requires financial statements to reflect the assumption that the business wi

ll continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the____________.

A、monetary unit assumption

B、business entity assumption

C、going-concern assumption

D、objectivity principle

E、cost principle

提问人：网友billy1314 发布时间：2022-01-07

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更多“The rule that requires financi…”相关的问题

第1题

Mr MacCallan read Franco' s financial statement. The assets include a lot of prime realestate. The land alone is worth ￡235,000, and on this land the restaurant is worth more than ￡158, 000. Franco has a very high cash flow with more than ￡ 15,000 going in and outevery month, but not much extra left over at the end of each month. Since there is only alittle left. then he wouldn I t have enough to pay the interest on a loan.

"Why don't you apply for a mortgage?" Mr MacCallan suggested. "The restaurant is good collaeral, isn't it? So you would easily get a mortgage of ￡ 100, 000." He also suggested a start-up loan that has 0 % interest for the first five years. "Start-up loans are suitable for businesses that need high investment without any strings attached." he explained.

Franco decided to apply for both. Then he would be able to expand the restaurant.

(1) What did Franco want to do?

A. To deposit some money.

B. To save some money.

C. To borrow some money.

(2) What does the financial statement say?

A. The land size.

B. The land value.

C. The land price.

(3) How much are Franco' s expenditures each month?

A. Just less than income.

B. The same as income.

C. More than income.

(4) What did the manager suggest?

A. A mortgage.

B. A loan.

C. Both ‘A' and ‘B'

(5) What will a start-up loan give Franco?

A. No mortgage.

B. Spending money.

C.More interest.

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第2题

The attack on Rome ended the Roman occupation in Britain in 410.

A、Norman

B、Germanic

C、Celtic

D、Danish

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第3题

.Which of the following statement is the additional statements required by a corporate entity?

A、A statement of change in equity

B、A statement of cash flows

C、A statement of financial position

D、A statement of profit or loss

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第4题

The annual financial statements of large corporations such as Apple or Walmart need not be audited by independent certified public accountants.()

此题为判断题(对，错)。

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第5题

The accounting principle that requires accounting information to be based on actual cost and requires assets and services to be recorded initially at the cash or cash-equivalent amount given in exchange, is the__________.

A、accounting equation

B、cost principle

C、going-concern assumption

D、realization principle

E、business entity assumption

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第6题

Assets created by selling goods and services on credit are_____________.

A、accounts payable

B、accounts receivable

C、liabilities

D、expenses

E、equity

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第7题

Creditors' claims on the assets of a company are called____________.

A、net losses

B、expenses

C、revenues

D、equity

E、liabilities

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第8题

If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000. What is the effect of the sale on the accounting equation for the seller?

A、Assets increase $52,000; owner's equity increases $52,000.

B、Assets increase $85,000; owner's equity increases $85,000.

C、Assets increase $137,000; owner's equity increases $137,000.

D、Assets increase $140,000; owner's equity increases $140,000.

E、Assets decrease $85,000; owner's equity decreases $85,000.

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第9题

The difference between a company's assets and its liabilities, or net assets is____________.

A、net income

B、expense

C、equity

D、revenue