Which one is NOT true? ( )
A: Allowance for Doubtful Accounts is a contra account.
B: If the market interest rate is higher than the face rate, the bond
will be issued at premium.
C: inventory turnover= cost of goods sold / inventory.
D: The accounting principle of China is similar to IFR
A: Allowance for Doubtful Accounts is a contra account.
B: If the market interest rate is higher than the face rate, the bond
will be issued at premium.
C: inventory turnover= cost of goods sold / inventory.
D: The accounting principle of China is similar to IFR
举一反三
- Inventory turnover can be<br/>calculated by: () A: adding beginning and ending<br/>inventory; divide by two B: dividing the cost of goods<br/>sold by average inventory C: dividing average inventory<br/>by the cost of goods sold D: multiplying average<br/>inventory by 1.5
- Which of the following statements about accounting for long-term debt is least accurate（） A: For a bond issued at par, interest expense = coupon rate x face value. B: For a discount coupon bond, cash flow from operations will decrease by the amount of the periodic coupon payment. C: A bond issued at a discount results in lower cash flow from operations and higher cash flow from financing than a bond issued at a premium.
- The interest rate of current account is usually higher than saving account.
- ___________ is the average number of times the inventory is sold per year. A: a. Inventory storage B: b. Cost of goods sold C: c. Cost of goods available for sale D: d. Inventory turnover
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.