A.lower net income and lower equity.
B.higher return on equity and higher return on assets.
C.lower depreciation expense and lower turnover ratios.
第1题
Which of the following statement about expenses and intangible assets is least accurate?
A.advertising fees are generally expensed as incurred.
B.In most countries, research and development costs are capitalized.
C.Intangible assets are initially entered on the balance sheet at their purchase prices when they are acquired from an outside entity.
第2题
In the period when a firm makes an expenditure, capitalizing the expenditure instead of recognizing it as an expense will result in higher:
A.debt-to-equity and debt-to-assets ratios.
B.net income and have no effect on total cash flows.
C.cash flow from investing and lower cash flow from operations.
第3题
A firm that rents DVDs to customers capitalizes the cost of newly released DVDs that it purchases and depreciates them over years to a value of zero.Based on the underlying economics of the DVD rental business, the most appropriate method of depreciation for the firm to use on its financial statements is:
A.straight-line.
B.declining balance.
C.units-of-production.
第4题
Bao Incorporated recently paid more than the net book value to acquire Cleanway Corporation.Cleanway operates an active research and development program into environmentally friendly cleaning products.Bao is very interested in this research program as well as the good management team in place at Cleanway.The excess price paid over the net book value of the assets should be accounted for on Bao’s financial statements as:
A.goodwill.
B.a trademark.
D.an intangible asset, research and development.
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