会计与财务管理专业英语智慧树知到期末考试答案章节答案2024年哈尔滨商业大学

会计与财务管理专业英语智慧树知到期末考试答案+章节答案2024年哈尔滨商业大学Toacquireequityfinancing,thefoundersmustgiveupsomecontrolofthebusinesses.()

答案:对Equityinvestorsprimarilyseekgrowthopportunities,whiledebtfinanciersprimarilyseeksecurity.()

答案:对EOQistheordersizeforinventorythatmaximizesthetotalinventorycost.()

答案:错Theperpetualinventorysystemrequiresupdatingoftheinventoryaccountonlyatthebeginningofanaccountingperiod.()

答案:错TheDCFmethodaccountsforrisksinlonger-termprojects.()

答案:对Thedecisiontopurchasenewplantandequipmentortointroduceanewproductintothemarketdoesnotrequireusingcapitalallocatingorcapitalbudgetingtechniques.()

答案:错Thetargetofprofitmaximization.willnotmakeenterprisesfocusonlyonshort-termbenefitsandone-sidedpursuitofprofitmaximization.（）

答案:错Thestatementofchangesinowners’equityrepresentsasummaryoftheactivitiesintheaccountsthatkeeptrackoftheshareholders’investmentinacompany.()

答案:对Taxesreducetheamountofinterestthattheinvestorcankeep,andwerefertothisreducedamountastheafter-taxinterestrate.()

答案:对Thehorizontalanalysisisusedmainlyto（）

答案:assessthetotalassets’performances###evaluatethefinancialstructureAnalystscanusethefootnotesofthefinancialstatementsto(）

答案:helptheircheckingoffinancialstatements.###alloftheabove###helptheiranalysisoffinancialstatements###helptheirunderstandingoffinancialstatementsWhichaccountsareincreasedonthecreditside?（）

答案:commonstocks###revenues###retainedearningsWhichtypeoffinancialplanningapproachwouldfinancesomeoftheseasonalnetworkingcapitalneedswithlong-termliabilitiesandthebalancewithshort-termfinancing?（）

答案:Themoderatelyconservativeapproach.Whichofthefollowingstatementsbestdefinesthecurrentratio?（）

答案:Theratioofcurrentassetstocurrentliabilitiesforthemajorityofbusinessesshouldbeatleast2.Thefollowingstatementsrelatetothedividendpolicy.①AccordingtoMM,inaperfectcapitalmarket,shareholdersareindifferentbetweendividendsandcapitalgains.②AresidualtheorystatesthatdividendsshouldbepaidaheadofinvestinginpositiveNPVprojects.Arethestatementstrueorfalse?（）

答案:Statement①istrueandstatement②isfalse.Interestratesalsovarybasedon()

答案:theidentityoftheborrowersTheinventoryvaluationmethodthathastheadvantagesofassigninganamounttoinventoryinthebalancesheetthatapproximatesitscurrentcost,andalsomimicstheactualflowofgoodsformostbusinessesis.()

答案:FIFOThecashflowratioistheratioof()

答案:netcashinflowtototaldebtWhichofthefollowingisNOTafactoraffectingtheestimatedservicelife?()

答案:Costofasset.Whichofthefollowingisbasedonthedividendirrelevancetheory?（）

答案:Residualdividendpolicy.Afixedasset’susefullifeis10years,andundertheDDBmethod,thedepreciationrateis.()

答案:20%Whichtypeoffinancialplanningapproachensuresthatalllong-termassetsarefinancedthroughlong-termliabilities,aswellastheseasonalandpermanentportionsofnetworkingcapital?（）

答案:Theextremelyconservativeapproach.During2014,GibsonCompany’sassetsdecreasedby$50,000anditsliabilitiesdecreasedby$90，000.Itsequitytherefore:（）

答案:increasedby$40,000Cashinflowsfromaprojectinclude.（）

答案:after-taxoperatingprofits19.Onabankreconciliation,theamountofunrecordedbankservicechargesshouldbe.()

答案:deductedfromthebookbalanceofcashForequityfinancing,thereisthesameobligationtorepaythemoneyasdebtfinancing.()

答案:错Basedoncash,thepreparationforthestatementofcashflowsreferstothemonetarycapitalinaccounting.()

答案:错Accountspayableareaspontaneoussourceoffunds,growingasthebusinessexpandsonaseasonalorlong-termbasisandcontractinginalikefashionwhenthebusinessdeclines.()

答案:对Internalcontrolofcashreceiptsaimstoensurethatallcashreceivedisproperlyrecordedanddeposited.()

答案:对Thebookvaluerepresentsthecostofanassetminustheaccumulateddepreciation.()

答案:对Ingeneral,holdingaportfolioofstocksincreasestheriskoftheportfoliobecausethestockreturnsdonotallmovetogether.()

答案:错Narrowlyspeaking,distributiononlyreferstothedistributionofprofits,especiallythenetprofits.（）

答案:对Afirmearnsrevenuesfromthesaleofitsprincipalproducts.()

答案:对TheIRRofaninvestmentopportunityisthediscountrateatwhichtheNPVoftheinvestmentopportunityisequaltozero.()

答案:对ThefiveC’sofcreditarefivegeneralfactorsthatcreditanalystsoftenconsiderwhethertograntcredit:character,capacity,capital,collateralandconditions.()

答案:对Cashflowsaremorecomprehensivethanprofit,whichisdependentonaccountingconventionsandconcepts,andisanadvantageofcashflowaccounting.()

答案:对Anaggressiveworkingcapitalinvestmentpolicyaimstoreducetheriskofsystembreakdownbyholdingahighlevelofworkingcapital.()

答案:错Separationofdutiesdividesresponsibilityforatransactionoraseriesofrelatedtransactionsbetweentwoormoreindividualsordepartments.Separationofdutiesreducestherisksoferrorandfraud.()

答案:对Astatementoffinancialpositionshowsthefinancialconditionofanaccountingentityonaparticulardate.()

答案:对ESOPmeanssharecontrolwithemployeesratherthanwithoutsideinvestors.()

答案:对Amoderateworkingcapitalinvestmentpolicyisamiddlewaybetweentheaggressiveandconservativeapproaches.()

答案:对Whichofthefollowingitemsmustappearonthefaceofthestatementofprofitorlossandothercomprehensiveincomes?（）

答案:Costofsales.###Revenue###Profitorloss.Whichofthefollowingbelongtoadvancepaymentsfromcustomers?（）

答案:Advertising.###Transportation.###Education.Whichofthefollowingoptionsistheconfirmationoftheproceedsofthesalesofgoods?（）

答案:Theeconomicbenefitsassociatedwithatransactionarelikelytoflowintothebusiness.###Therevenuesectioncanbemeasuredreliably.###Anenterprisehastransferredthemajorrisksandrewardsoftheownershipofthegoodstothepurchaser.Whichofthefollowingisanaccelerateddepreciationmethod?()

答案:Thedoubledeclining-balancemethod.###Thedeclining-balancemethod.###Thesum-of-the-years’-digitsmethod.OnSeptember1,acustomer’saccountbalanceof$2,300isdeemedtobeuncollectible.WhatentryshouldberecordedonSeptember1torecordthewrite-offassumingthatthecompanyusestheallowancemethod?()

答案:Debittoallowancefordoubtfulaccountsfor$2,300;credittoaccountsreceivablefor$2,300.Animportanttoolthefinancialexecutivecanemployindealingwithuncertaintyaboutthefutureis.（）

答案:FPPPrepaidrentisa(n)account.()

答案:assetIndicatewhichfollowingitemisanasset?（）

答案:Supplies.Anexampleofcashflowsfromanoperatingactivityisthe.（）

答案:receiptofcashfromcustomersonaccountWhichofthefollowingisadisadvantagetoacompanyusingafactorforitsaccountsreceivable?（）

答案:Itiseasiertopaysupplierspromptlytoobtaindiscounts.Workingcapitalmanagementisthemanagementofand.()

答案:currentassets;currentliabilitiesWhichofthefollowingismostlikelytoreduceafirm’sworkingcapital?（）

答案:Buyingnewmachinery.AninvestmentprojecthasapositiveNPV.TheIRRis.（）

答案:greaterthanthecostofcapitalWhichofthefollowingwouldnotbeconsideredasanexternaluserofaccountingdatafortheGHICompany?（）

答案:Management.Grossprofitwillresultif().

答案:salesrevenuesaregreaterthanthecostofgoodssoldToverifytheaccuracyoftherecordingprocess,accountantsprepare().

答案:trialbalanceTheincomestatementforamerchandisingcompanyshowseachofthefollowingfeaturesEXCEPT().

答案:investingactivitiessectionTheaccountingprocessiscorrectlysequencedas（）.

答案:identification,recording,communicationAnentitythatsprayschemicalsinresidencestoeliminateorpreventtheinfestationofinsectsrequiresthatcustomersprepayfor3months’serviceatthebeginningofeachnewquarter.Whichtermappropriatelydescribesthissituation?（）

答案:Deferredincome.WhichofthefollowingwouldnotbeconsideredasaninternaluserofaccountingdatafortheGHICompany?（）

答案:Presidentoftheemployees’laborunion.Acompanyhasobtainedapatent,andthefeespaidare$20,000.Thepatent’sestimatedusefullifeis10years.Theamortizationexpenseperyearis.()

答案:$2,000Limitedliabilityisthecharacteristicof.（）

答案:corporationsAnanalysisthatexplainsanydifferencesbetweenthecheckingaccountbalanceaccordingtothedepositor’srecordsandthebalancereportedonthebankstatementisa(n).()

答案:bankreconciliationThesalesaccountsthatnormallyhaveadebitedbalanceare().

答案:salesreturnsandallowancesWhichtypeoffinancialplanningapproachinvolvesrelyingonlong-termdebtstofinanceonlyaportionofthelong-termassetsandthepermanentnetworkingcapital?（）

答案:Theaggressiveapproach.FPPcombinesanaggregationofshort-termoperatingbudgetswithstrategicdecisions.()

答案:对Thesetofchoicevariablesisthefirstelementofthefinancialplanningmodel.()

答案:错Theimpactoffuturestrategicchoicesonacompany’sfinancialpositionmustbeanticipated.Suchstrategicchoicesinclude.（）

答案:dividendpaymentsandotherfinancialservicingcharges###capitalstructurechanges###futurenewinvestmentopportunitiesVariablesmustbeestimatedthatimpactsontheproformastatements,butareoutsidethecontrolofthefinancialexecutive.Whichofthefollowingcouldbeincluded?（）

答案:Forecastedcollectionpatternsfromcustomers,includingbaddebtestimates.###Forecastedsales.###Forecastedfinancingconditions,suchasinterestrates.Whichofthefollowingarethefirmfactortoworkoutthedividendpolicy?（）

答案:Abilitytoborrow.###Investmentopportunities.###Liquidity.Thedeclarationdateisthedaytheboardofdirectorsannouncingtheirintentiontopayadividend.()

答案:对1.Whichofthefollowingsourcesoffinancetocompaniesisthemostwidelyusedinpractice?（）

答案:Newshareissues.Thebird-in-the-handtheoryarguedthatdividendsarereceivedonapresentandgoing-concernbasis,whereasthecapitalgainscanberealizedonlyinthefuture.()

答案:对WhichofthefollowingareassumptionsforMM’sdividendirrelevancetheory?（）

答案:Notransactioncosts.###Notaxesortaxpreferences.###Perfectcapitalmarkets.###Noinflation.Whichofthefollowingstatementsconcerningworkingcapitalmanagementarecorrect?（）

答案:Overtradingisalsoknownasunder-capitalisation.###Workingcapitalshouldincreaseassalesincrease.###Workingcapitalmanagementinvolvesbothmakingworkingcapitalpoliciesandcarryingoutthatpoliciesinday-to-dayoperations.Workingcapital,sometimescalledgrossworkingcapital,simplyreferstocurrentassetsusedinbusinessoperations.()

答案:对Whichofthefollowingdoesdeterminetheamountofcreditofferedbyasupplier?（）

答案:Thecredittermsthatthesupplierobtainsfromitsownsuppliers.###Thesupplier’stotalriskexposure.###Theeasewithwhichthebuyercangoelsewhere.Cashandnear-cashassetsareusefulfortakingadvantageoffavorablebusinessopportunitiessuchasspecialoffersfromsuppliersorthechancetoacquireanotherfirm.()

答案:对Whichoneofthefollowingwilldecreasetheoperatingcycle?（）

答案:Decreasingtheinventoryturnoverrate.Thefollowingaremeasuresusedbyfirmswhenmakingcapitalbudgetingdecisionsinclude（）.

答案:PP###NPV###IRRTheNPVmethodwillacceptaproject,iftheNPVisgreaterthanzero.()

答案:对OneadvantageofthePPmethodisthatitprovidesaroughmeasureofaproject’sliquidityandrisk.()

答案:对Asthecostofcapitalincreases,.（）

答案:fewerprojectsareacceptedTheNPVofaprojectdependsupon.（）

答案:theproject’scashflowsandopportunitycostofcapital###themanager’stastesandpreferencesWhichofthefollowingisarelevantcostincapitalbudgeting?（）

答案:Opportunitycost.###Allocatedoverheads.Sunkcostsandfinancialcostsarebothirrelevantforprojectvaluation.()

答案:错Whenconsideringacapitalbudgetingproject,theinvestorshouldconsider.（）

答案:thesizeoftheproject’scashflows###thetimingoftheproject’scashflows###theriskoftheproject’scashflowsDepreciationisincorporatedincashflowsbecauseit.（）

答案:isunavoidablecostCapitalbudgetingistheprocessofevaluatingandselectingshort-terminvestmentsconsistentwithafirm’sgoalofownerwealthmaximization.()

答案:错Theequityriskderivedfromafirm’scapitalstructurepolicyiscalled()

答案:businessriskwhichcorporatestrategyESOPisoftenusedas?()

答案:Financingstrategy.Whichisthebenefitofequityfinancing?()

答案:Thereisnoobligationtorepaythemoney.Whichofthefollowingstatementsaboutthecharacteristicsofdebtandequityistrue?()

答案:Alloftheabove.###Bothoftheminvolveaclaimontheissuers’income.###Bothofthemcanbelong-termfinancialinstruments.###Bothofthemenableacorporationtoraisefunds.Cashflowsfromdebtandequityfinancingtransactionsareakindof（）

答案:financingactivityCorporatebondsaresecuritiesissuedbycorporations.Theyaccountforasignificantamountofinvestedcapital.()

答案:对Inprovidingloansandotherservices,abankmayrequirethatbusinesscustomerseitherpayafeefortheserviceormaintaintheminimumaverageaccountbalance.()

答案:对Thefacevalueofabonddoesnotalwayscorrespondtotheactualmoneyraisedbecauseofunderwritingfeesandthepossibilitythatthebondmightnotactuallysellforitsfacevaluewhenitisofferedforsaleinitially.()

答案:对51Municipalbondsareissuedbycorporationsandlocalgovernments.()

答案:错Acashdiscountallowsareductioninpriceifthepaymentismadewithinaspecifiedtimeperiod.()

答案:对Duetodifferentincomecalculationstandards,thecalculationmethodsofthereturnontotalassetsarealsodifferent.()

答案:对Quickassetsofanenterprisegenerallyrefertothecurrentassetsminusunstableinventoriesandprepaidexpenses.()

答案:对Thedebtratioisacompany’slong-termdebtsdividedbyitsnetassets.()

答案:对EPSisanimportantindicatorforinvestorstoanalyzetheprofitabilityofenterprises.IfthereisasignificantdeclineinEPSinaperiodcomparedwiththepreviousperiod,itmeansadeclineintheprofitabilityofenterprises.()

答案:对Themainfunctionoftheasset-liabilityratioindexistorevealtheliquidityofallassetsofanenterprise.()

答案:错Awiderrangeofpossiblerealizedreturnsmeansthatastockisnotriskier.()

答案:错Generally,riskisdefinedasuncertaintyaboutreturnsderivedfrominvestinginafinancialasset.()

答案:对Foragivenstandarddeviation,investorspreferhigherexpectedreturns,while,foragivenexpectedreturn,investorspreferlowerstandarddeviation.()

答案:对Theriskofasingleinvestment(suchasastock)isdefinedas,().

答案:thevariance.Tobespecificaboutthedefinitionofrisk,weusestatisticalmeasures()

答案:对Theinterestrateisoftenstatedasaneffectiveannualrate(EAR),whichindicatesthetotalamountofinterestthatwillbeearned()

答案:attheendofoneyear.Interest-ratetargetisavitaltoolofmonetarypolicy,andistakenintoaccountwhendealingwithvariableslikeinvestment,inflationandunemployment.()

答案:对Becauseitdoesnotincludetheeffectofcompounding,theAPRquoteistypicallymorethantheactualamountofinterestthatyouwillearn.()

答案:错()isarateatwhichinterestispaidbyaborrower(debtor)fortheuseofmoneythatheorsheborrowedfromalender(creditor).

答案:interestrateBanksalsoquoteinterestratesintermsofanannualpercentagerate(APR),whichindicatestheamountofsimpleinterestearnedinoneyear,thatis,theamountofinterestearnedwiththeeffectofcompounding.()

答案:错Indeterminingthefuturevalueofannuity,wewillusetheformula()

答案:FVA=A(/A,,)Itisimportantthatwedevelopthemathematicaltoolsforthetimevalueofmoneyasthefirststeptowardmakingcapitalallocationdecisions.()

答案:对Indeterminingthepresentvalue,wewillusetheformula()

答案:PV=FV(/,,)Thepresentvalueistheexactoppositeofthefuturevalue.()

答案:对Indeterminingthepresentvalueofannuity,wewillusetheformula()

答案:PVA=A(P/A,,)Makingfinancialdecisionsisanintegralpartofallformsandsizesofbusinessorganizationsfromsmallprivately-heldfirmstolargepublicly-tradedcorporations.（）

答案:对Corporateinvestorscanbeabsorbedthrough（）

答案:directinvestment###increasingcapitalwithretainedearnings###issuingstocksWorkingcapitalmanagementisthemanagementofand.()

答案:currentassets；currentliabilitiesInvestmentmeansthebehavioroffinancingmoneybyanenterpriseaccordingtotheneedsofacertainproject.（）

答案:错Themaincontentsoffinancialmanagementinclude（）

答案:workingcapital###financing,###themanagementofinvestment,###profitdistribution.InChina,thecashreceiptsfrominterestanddividendsbelongto.（）

答案:cashflowsfrominvestingactivitiesThemannerofpresentationofcashflowsamongoperating,investingandfinancingactivitiesdependsonthenatureoftheentity.()

答案:错Themaininformationforpreparingthestatementofcashflowscomesfrom.（）

答案:alloftheaboveOperatingcashflowsandinvestmentflowscanberelatedtomatchingcashrecoveryfromoperationstoinvestment.()

答案:对Whenweusetheindirectmethodtopreparethestatementofcashflows,theamortizationofgoodwillshouldbepresentedasa(n).（）

答案:additiontonetincomeInthestatementofprofitorlossandothercomprehensiveincomes,theupperpartreflectstheoperatingactivities,thelowerpartreflectsthenon-businessactivities,andthecut-offpointistheprofitfortheyear.()

答案:对Howisaprepaymentclassifiedinthestatementoffinancialposition?（）

答案:Currentassets.Inthefollowingoptions,shouldbeaccountedasnon-operatingexpenses.（）

答案:damagesWhichofthefollowingitemsdoesNOTbelongtolong-termdebts?（）

答案:ThedeferredincometaxTheoperatingprofitisanenterprise’sbusinessincomeandthedifferencebetweentheoperatingcostsandtaxes.Itincludesboththeprofitonsalesandotherbusinessprofits,andisbasedonthesumofthetwominusthemanagementexpensesandfinancialexpenses.()

答案:对Whichofthefollowingindicatorscanreflectthefullfinancialresultsofafirm?（）

答案:Totalprofit.Theuseofthepercentagemethodofcompletioninlabortransactionsmustbemadeonlyiftheresultsoftheprovisionoflaborservicescanbereliablyestimated.()

答案:对Whichoftheoptionsisthemostimportantfactoraffectingthepriceoftheproducts?（）

答案:Productcost.Revenuescanleadtoanincreaseintheowners’equity,andtherefore,theincreaseintheowners’equityshouldberecognizedastheincomeofafirm.()

答案:错Officeexpensescanberecognizedimmediately.()

答案:错Whenastockisissuedatapricethatislessthanitsparvalue,thestockhasbeensoldatapremium.()

答案:错WhichisNOTacharacteristicofpartnerships?（）

答案:Limitedliability.Theworthofashareofstockscanbemeasuredatitsparvalue.()

答案:错Preferredstocksaresuperiortocommonstockswithrespecttocorporations’assets,profitdistribution,etc.()

答案:对Whichisthedisadvantageofcorporations?（）

答案:Governmentregulations.Investorswillbewillingtopaymorethantheparvalueforbondswhenthemarketrateofinterestishigherthanthecontractrateofinterest.()

答案:错Accountspayableareamountsowedtoothersforgoods,suppliesandservicespurchasedonaccount.()

答案:对Liabilitiesareprobablefuturesacrificesofeconomicbenefitsarisingfrompresentobligationsofaparticularentitytotransferassetsorprovideservicestootherentitiesinthefutureasaresultofpasttransactionsorevents.()

答案:对Thedifferenceofbetweenabond’sparvalueanditslowerissuepriceoccurswhenthecontractrateislessthanthemarketrate.（）

答案:discountonbondspayableAmountsowedtoothersforgoods,suppliesandservicespurchasedonaccountare（）。

答案:accountspayableIntangibleassetswithalimitedusefullifesuchaspatentsareusuallyconvertedtoexpensesoveranumberofaccountingperiods.()

答案:对Ifpurchasedexternally,intangibleassetsshouldbeinitiallyrecordedattheir.()

答案:historicalcostGrantedbythegovernment,conveyingtheexclusiverighttouseaproductorprocessforaperiodofcertainyearsis.()

答案:patentGoodwillistheamountbywhichthepurchasepriceexceedsthefairvalueofthenetassets.()

答案:对Themethodofamortizationshouldreflectthepatterninwhichtheeconomicbenefitsoftheintangibleassetsareconsumedorotherwiseusedup.()

答案:对Anincreaseinrepairandmaintenancecostsandadecreaseinrevenue-producingabilityinthelateryearsofanasset’susefullifesuggestthatacceleratedmethodscanbettermatchrevenuesandexpenses.()

答案:对Thechoiceofdepreciationmethodsrequiresthatthedepreciationmethodusedreflectsthepatterninwhichtheasset’sfutureeconomicbenefitsareexpectedtobeconsumedbytheentity.()

答案:对Theestimateofamounttoberecoveredattheendofanasset’susefullifeis.()

答案:salvagevalueWhichofthefollowingisNOTacharacteristicoffixedasset?()

答案:Theassetcannotchangethephysicalsubstance.Depreciationisaprocessofdeterminingthevalueofassets.()

答案:错Incidentalcostsoftenaddedtothecostsofinventoryincludeimportduties,freight,storage,andinsurance.()

答案:对Thecostflowassumptionadoptedmustbeconsistentwiththephysicalmovementofthegoods.()

答案:错Physicalcountsofinventory.()

答案:arenecessarytomeasureandadjustforinventoryshrinkageGoodsintransitareincludedinapurchaser’sinventory.()

答案:whenthepurchaserisresponsibleforpayingfreightchargesAnadvantageoftheweightedaverageinventorymethodisthatittendstosmoothouttheerraticchangesincosts.()

答案:对Accountsreceivableinformationforspecificcustomersbecauseitreveals.()

答案:alloftheaboveCompaniesusetwomethodstoaccountforuncollectibleaccounts:thedirectwrite-offmethodandtheallowancemethod.()

答案:对Whenacustomerpurchasesmerchandiseinventoryfromabusinessorganization,hemaybegivenadiscount,whichisdesignedtoinducepromptpayment.Suchadiscountiscalledthe.()

答案:cashdiscountUndertheallowancemethodofaccountingforuncollectibleaccountsreceivable,noattemptismadetoestimatethebaddebtexpense.()

答案:错Acompanyhassalesof$350,000,andestimatesthat0.7%ofitssalesareuncollectible.Theestimatedamountofbaddebtexpenseis$2,450.()

答案:对Afterpreparingabankreconciliation,adjustmentsmustbemadefortheitemsreconcilingthebankbalanceandtheitemsreconcilingthebookbalance.()

答案:错Cash,notincludingcashequivalents,includes.()

答案:coins,currencies,andcheckingaccountsTheentrynecessarytoestablishapettycashfundshouldinclude.()

答案:adebittopettycashandacredittocashCashisthemostliquidassetandmostsubjecttotheftandfraud.()

答案:对Abankreconciliationexplainsanydifferencesbetweenthebalanceofacheckingaccountinthedepositor’srecordsandthebalancereportedinthebankstatement.()

答案:对Acompanypurchased$4,500ofmerchandiseonMay1withtermsof2/10,n/30.OnMay8,itpaidthebalanceowedformerchandise,takinganydiscountitisentitledto.ThecashpaidonMay8is().

答案:$4,165Acompanyhas$550,000innetsalesand$193,000ingrossprofit.Thismeansitscostofgoodssoldequals().

答案:$357,000Whentheperpetualinventorysystemisused,theinventorysoldisdebitedto（）.

答案:costofmerchandiseForeachstatementbelow,identifywhichstatementappliestotheperiodicinventorysystem.()

答案:Requireaphysicalcountofinventorytodeterminethequantitiesonhand.###Benormallyusedforrelativelyinexpensivegoods.Thestatementofchangesinowners’equitycontainsassets,liabilitiesandcapital.()

答案:错Whichcomponentsareincludedinacompletesetoffinancialstatements?（）

答案:Statementofprofitorlossandothercomprehensiveincomes;###Statementofchangesinowners’equity;###Statementofcashflows.###Statementoffinancialposition;Whichitemisanendproductoftheaccountingprocess?（）

答案:Financialstatement.Thestatementthatshowsnetlossforaperiodisknownasthestatementofprofitorlossandothercomprehensiveincome.()

答案:对Thestatementthatshowsnetincomeforaperiodisknownasthestatementofcashflows.()

答案:错PeterAlireceived$5,000forsomeexcavationworktobedonewhentheweatherpermitted.Peterthoughtitwouldbeatleastthreeweeksbeforehecouldstartthejob.Whichstatementbestdescribeshowthetransactionisrecorded?（）

答案:Aliabilityisdebited,andanassetiscredited.Ontheworksheet,thedebitcolumnof