With respect to the effect of the lease on the company’s financial statements in the first year of the lease, which of the following is most accurate? The reduction in the company’s:
A.pretax income is $72,096.
B.cash flow from financing is $56,742.
C.cash flow from operations is $72,096.
第1题
An analyst can most accurately identify a LIFO liquidation by observing a(n):
A. increase in gross margin.
B. decrease in the LIFO reserve.
C. change in inventory out of line with change in sales.
第2题
Which inventory method best matches the actual historical cost of the inventory sold with their physical flow if a company is using a perpetual inventory system?
A. FIFO.
B. LIFO.
C. specific identification.
第3题
The year-end balances in a company’s LIFO reserve are $56.8 million in the company’s financial statements for both 2007 and 2008. For 2008, the measure that will most likely be the same regardless of whether the company uses the LIFO or FIFO inventory method is the:
A. inventory turnover.
B. gross profit margin.
C. amount of working capital.
第4题
A company using the LIFO inventory method reports a LIFO reserve at year-end of $85,000, which is $20,000 lower than the prior year. If the company had used FIFO instead of LIFO in that year, the company’s financial statements would have reported:
A. a lower cost of goods sold, but a higher inventory balance.
B. a higher cost of goods sold, but a lower inventory balance.
C. both a higher cost of goods sold and a higher inventory balance.
为了保护您的账号安全,请在“上学吧”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!