答案和详解如下： Q1. A company’s chart of accounts is: A) used for entries that offset other accounts. B) the set of journal entries that makes up the components of owners’ equity. C) a detailed list of the accounts that make up the five financial statement elements. Correct answer is C) A company’s chart of accounts is a detailed list of the accounts that make up the five financial statement elements and the line items presented in the financial statements. Contra accounts are used for entries that offset other accounts. The categories that make up owners’ equity are capital, additional paid-in capital, retained earnings and other comprehensive income. Q2. Accumulated depreciation and treasury stock are most likely to be shown as what types of accounts? Accumulated depreciation
Treasury stock
A) Contra-asset Contra-equity B) Contra-asset Equity C) Liability Equity Correct answer is A) Accumulated depreciation is a contra-asset account to the asset account property, plant & equipment. Treasury stock is a contra-equity account to common stock or additional paid-in capital. Q3. Allowance for bad debts and investment in affiliates are most likely to be shown as what types of accounts? Allowance for bad debts
Investment in affiliates
A) Contra-asset Asset B) Contra-asset Liabilities C) Liabilities Asset Correct answer is A) Allowance for bad debts is a contra-asset account to accounts receivable. Investments in affiliates are considered assets. | 
发表于 2009-1-16 09:30
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