• 2022-06-05
    Economic profit()
    A: will never exceed
    accounting profit.
    B: is most often equal
    to accounting profit.
    C: is always at least
    as large as accounting profit.
    D: is a less complete
    measure of profitability than accounting profit.
  • A

    内容

    • 0

      Generally<br/>speaking, accounting have two different types: one is financial<br/>accounting and the other is ( ). A: taxable<br/>accounting B: cost accounting C: management<br/>accounting D: business accounting

    • 1

      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

    • 2

      Economic value added can be improved by A: Increasing profit without using more capital. B: Using less capital to earn the same amount of profit. C: Investing capital in high-return projects. D: Investing capital in low-return projects.

    • 3

      During<br/>one accounting period Asia Mining had capital contributions of<br/>$60,000, assets increased by $90,000, liabilities increased by<br/>$40,000, revenues were $80,000 and net profit was $20,000. The owners<br/>must therefore have withdrawn____() A: $10,000. B: $30,000. C: $40,000. D: $70,000.

    • 4

      The cash basis of accounting commonly results in financial statements<br/>that are less comparable from period to period than the accrual basis<br/>of accounting ____ A: True B: False