2012年6月财大夜大会计英文小范围.docVIP

选择： Which of the following methods of inventory valuation is appropriate on the balance sheet? D. A or B , whichever is lower The intangible asset goodwill may be_____ capitalized only when purchased Which is the accounting guideline that requires financial statement information to be supported by evidence other than someone’s imagination or opinion? D．Objectivity principle. Aldrige company purchased 3800 of merchandise on December 5 , term 2/10, n/15. On December 7, 300 worth of merchandise was returned by aldrige to the supplier. On December 15, aldrige paid the balance in full. What was the amount of the cheque? 3430 Plant assets purchased in exchange for issuing a zero-interest-bearing note should be accounted for at the ___ Present value of the note During the closing process, all temporary debit and credit balance accounts are closed. Which of the following accounts would be closed with a debit? Sales. HCF, a financial company, lends Able 7200 at 5% for 3 months on June 1, 2001. What should HCF’s adjusting entry on June 31, 2001 include? A . credit to interest earned for 30. If a business is not being sold or closed, the amounts reported in the accounts for assets used in operations are based on costs. This is justified by which principle? Cost principle. The Crimson Cartage Company purchased a new truck at a cost of 42000 on April 30, 2008. The truck is estimated to have a useful life of 6 years and a salvage value of 6000. How much Depreciation expense will be recorded for the truck during the year ended December 31, 2008 assuming the straight-line method? C . 4000 (42000-6000)/6*8/12= On September 30, Accounts Payable had a normal balance of 6300. During September, the account was credited for a total of 3900 and debited for a total of 5400. What was the balance in the A/P at the beginning of Sept.? A . 7800 credit balance 计算： On March 31, 2008 East Co. purchased equipment for 480000. It has an estimated useful life of 5 years and an estimated residual