Under current cost accounting, goods sold are charged to profit or loss at:
A: Historical cost
B: Replacement cost
C: Net realisable value
D: Economic value
A: Historical cost
B: Replacement cost
C: Net realisable value
D: Economic value
举一反三
- 中国大学MOOC: Under current cost accounting, goods sold are charged to profit or loss at:
- In appraisals, depreciation can be defined as:( ) A: A deduction from value B: Actual loss in value compared to current cost as new C: Diminished utility D: Either (Actual loss in value compared to current cost as new) or (Diminished utility)
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- The difference between Cost of Goods Sold and Cost of Goods Available for Sale is: A: Beginning Inventory B: Ending Inventory C: Net Sales D: Net Purchases