A.$938.
B.$961.
C.1,065.
第1题
rate of 8% payable semi-annually on 30 June and 31 December:
Issued on 1 January 2005, when the market rate of interest was 6%.
Bought back in an open market transaction on 1 January 2011, when the market rate of interest rate was 8%.
Which of the following statements best describes the effect of the bond repurchase on the financial statements for 2011? If the company uses the indirect method of calculating the cash from operations, there will be a:
A.$346,511 gain on the income statement.
B.$743,873 gain on the income statement.
C.$350,984 decrease in the cash from operations.
第2题
as the lessor with the following terms:
The total affect on 2012 pre-tax income for the lessor from this lease is closest to:
A.$32,143.
B.$75,000.
C.$82,519.
第3题
as the lessor with the following terms:
Which of the following best describes the classification of the lease on the company’s financial statements for 2008?
A.Operating lease.
B.Sales type lease.
C.Direct financing lease.
第4题
when it:
A.wishes to show a higher cash flow from operations.
B.desires a lower debt-to-equity ratio.
C.has a low marginal tax rate.
第5题
s correctly classified as a finance lease, with the following terms:
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6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7题
with their physical flow if a company is using a perpetual inventory system?
A. FIFO.
B. LIFO.
C. specific identification.
第8题
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9题
00, 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.
第10题
industry use FIFO. Which of the following best describes one of the adjustments that would be made to the company’s financial statements to compare it with other companies in the industry? The amount reported for the company’s ending inventory should be:
A. increased by the ending balance in its LIFO reserve.
B. decreased by the ending balance in its LIFO reserve.
C. increased by the change in its LIFO reserve for that period.
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