A.Current ratio
B.Gross margin
C.Inventory turnover
第1题
For which of the following assets is it most appropriate to test for impairment at least annually?
A.Land.
B.A patent with a legal life of 20 years.
C.A trademark with an expected indefinite life.
第2题
Which of the following inventory valuation methods best matches the actual historical cost of the inventory items to their physical flow?
A.FIFO.
B.LIFO.
C.Specific identification.
第3题
Assuming flat year-over-year sales in a declining price environment under U.S.GAAP, a firm might expect cash flow from operations (CFO) and working capital (WC) under the LIFO (rather than FIFO) inventory method to be:
A.Lower for both CFO and WC.
B.Lower for CFO and higher for WC.
C.Higher for CFO and lower for WC.
第4题
A company currently uses LIFO inventory valuation under U.S.GAAP.The company reported an increase in the LIFO reserve for the year.If the company used FIFO rather than LIFO:
A.COGS is lower and net income is lower.
B.CFGO is lower and net income is higher.
C.COGS is higher and net income is lower.
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