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[主观题]

A company using the LIFO inventory method reports a LIFO reserve at year-end of $85,0

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.

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更多“A company using the LIFO inventory method reports a LIFO reserve at year-end of $85,0”相关的问题

第1题

When inventory costs are rising, a company using the LIFO costing method will generally pay less taxes than if the company had been using the FIFO method.()
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第2题

The term e-business is connected with retailing and describes company to consumer communication using the Internet.()
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第3题

Candidates for this company are expected to be skilled at using a computer.

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第4题

Compared with using the FIFO method to account for inventory, during a period of risi
ng prices, which of the following ratios is most likely higher for a company using LIFO?

A.Current ratio

B.Gross margin

C.Inventory turnover

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第5题

What are advantages and drawbacks of using social media in the exciting process for (a) an applicant and (b) a company?

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第6题

In a period of rising prices, when compared to a company that uses weighted average c
ost for inventory, a company using FIFO will most likely report higher values for its:

A.return on sales.

B.debt-to-equity ratio.

C.inventory turnover.

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第7题

(b) Using the information provided in the case scenario, strategically evaluate the perfor

(b) Using the information provided in the case scenario, strategically evaluate the performance of the company

up to 2004, indicating any areas of particular concern. (20 marks)

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第8题

A company purchases a piece of equipment costing $7,000,000 that it expects will have a
useful life of 5 years and a salvage value of $600,000.Assuming that the company uses double-declining-balance depreciation method rather than straight-line depreciation methods, the third-year depreciation expense difference and EBIT will be:

A.$272,000 and the EBIT is higher using DDB.

B.$400,000 and the EBIT is lower using DDB.

C.$675,200 and the EBIT is higher using DDB.

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第9题

How should we understand “accuracy”, one of the characteristics of company profiles()?

A.Grammar in a company profile should be correct.

B.The information in a company profile should be completely accurat

C.Punctuation in a company profile should be right.

D.Using as many industry-specific terms as possible can be helpful to achieve accuracy.

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第10题

(Para. 1, Passage One)
The company says the effort involves using the power of information and technology to help people improve their lives
(Para. 1, Passage One)

The company says the effort involves using the power of information and technology to help people improve their lives

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第11题

At the start of the year, a company acquired new equipment at a cost of €50,000, esti
mated to have a 3 year life and a residual value of €5,000. If the company depreciates the asset using the double declining balance method, the depreciation expense that the company will report for the third year is closest to:

A. €555.

B. €3,328.

C. €3,705.

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