Under U.s.GAAP, a LIFO liquidation occurs when the:
A.LIFO reserve value increases.
B.Firm changes from LIFO to FIFO
C.Quantity of goods sold is greater than the quantity produced.
第1题
An analyst has gathered the following information about a company’s capital assets:
As at the end of 2012, the expected remaining life of the assets, in years, is closest to:
A、6
B、17
C、20
第2题
Two companies are identical except for their accounting treatment of research and development costs、On e company expenses all such costs immediately, while the other company capitalizes a portion of the costs、Compared to the company that capitalizes costs, the company that expenses immediately will most likely:
A、earn a lower ROA
B、have a lower financial leverage、
C、report lower cash flow from operations in the statement of cash flows.
第3题
During 2011, the following events occurred at a company、The company:
Based on these events, the amortization expense that the company should report in 2012 is closest to:
A、$25,000
B、$45,000
C、$125,000
第4题
A company purchased equipment in 2011 for £25,000; the year-end values for accounting purposes and tax purposes are as follows:
Which of the following statements best describes the effect of the change in the tax rate on the company’s 2012 financial statements? The deferred tax liability:
A、Increased by £250
B、Decreased by £200
C、Decreased by £800
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