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[单选题]

During the year Peterlee acquired an iron ore mine at a cost of $6 million. In additi

A.How should this $2 million future cost be recognised in the financial statements().

B.Provision $2 million and $2 million capitalised as part of cost of mine

C.Provision $2 million and $2 million charged to operating costs

D.Accrual $200,000 per annum for next ten years

E.Should not be recognised as no cost has yet arisen

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更多“During the year Peterlee acquired an iron ore mine at a cost of $6 million. In additi”相关的问题

第1题

Journalize the following selected transactions completed during the currentfiscal year:

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第2题

Three companies operating in the same industry produced the following results during t

he same year:

Which company produced the highest gross profit margin during the year？

A.Company A

B.Company B

C.Company C

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第3题

Present entries to record the following selected transactions completed during the current fiscal year:

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第4题

What are sold in the stalls during the “Small New Year”_________？

A.New Year pictures.

B.Hot house-grown flowers.

C.Fir branches.

D.Silks or jewelry.

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第5题

During the current year, the assets of The Big Dial increase by $132,000, and the lia

A.Decreases by $52,000 during the year.

B.Increases by $52,000 during the year.

C.Increases by $212,000 during the year.

D.$52,000 at the end of the year.

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第6题

Phyllis purchased an automobile for $3,000 down and a note for $15,000.During the year she paid interest of $1,000.Her basis is $18,000.（)

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第7题

During their first teacher-training year , the students often visited local schools for the ____ of lessons

A. observation

B. observance

C. investigation

D. inspection

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第8题

During the current year, the total assets of Mifflinburg Corporation decreased by $60,

000 and total liabilities decreased by $300,000. The company issued $100,000 of new stock, and its net income for the year was $250,000. No other changes to stockholders’ equity occurred during the year. The dollar amount of dividends declared by the company during the year is: ().

A、100000

B、200000

C、110000

D、250000

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第9题

A review of a company’s inventory records for the year indicates that the following c

osts were incurred:

Fixed production overhead: $500,000

Direct material and direct labor: 300,000

Storage costs incurred during production: 25,000

Abnormal waste costs: 30,000

If the company operated at full capacity during the year, the total capitalized inventory cost is closest to:

A.$800,000.

B.$825,000.

C.$855,000.

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第10题

During this season each year，the visibility in the above mentioned area is______．A.poorB.s

During this season each year，the visibility in the above mentioned area is______．

A.poor

B.small

C.Trifle

D.little

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第11题

During the current year, Swallowtail Corporation receives dividend income of $40,000 f

A.$0

B.$20,000

C.$26,000

D.$28,000

E.$40,000

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