题目内容

According to the installment method of accounting, gross profit on an installment sale is recognized:（）

A. on the date of sale.
B. on the date the final cash collection is received.
C. in proportion to the cash collection.

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Which of the following is the appropriate redemption price when bonds are called according to the sinking fund provision

A.

A. Special redemption price.

B.

B. Regular redemption price.

C.

C. General redemption price.

Two growing companies are identical except that Company X capitalizes whereas Company Y expenses costs for long-lived resources. Which of the following statements about financial statement effects is FALSE Company X will show:

A.

A. lower income variability.

B.

B. higher leverage ration.

C.

C. higher cash flows from operations.

If the money market yield is 3. 792 percent on a T-bill with 79 days to maturity, what is the holding period yield

A.

A. 0.77%.

B.

B. 0.83%.

C.

C. 0.89%.

During 2007, Brownfield Incorporated purchased $140 million of inventory. For the year just ended, Brownfield reported cost of goods sold of $130 million. Inventory at year-end was $45 million. Calculate inventory turnover for the year.

A.

A. 2.89.

B.

B. 3.25.

C.

C. 3.50.