The balance sheet is divided into ______ sections: ______.
A. two.., assets and liabilities
B. two.., incomes and expenditures
C. three.., assets, liabilities and owner's equity
D. three.., incomes, expenditures, and equity
听力原文:M: What will happen if a draft is not presented for payment when due?
W: If this is the case, all the signatories on the bill will be discharged except the acceptor.
Q: What are the two people mainly talking about?
(18)
A. How to present the bill for payment.
B. The presentation of bills for payment.
C. The solution to the injured drawer.
D. The payment of the cheque.
听力原文:M: Good news! The current price of land we bought last year has increased greatly. How about reporting it in the profit and loss account?
W: Wait a minute. According to the Prudence Concept, if the market price is higher than the cost, the higher amount is ignored in the accounts.
Q: Why can't they record the gains right now?
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A. Because of the prudence concept.
Because of the materiality concept.
C. Because of the matching principle.
D. Because of the Dual Aspects Concept.
A.T-bills are safer than CDs.B.T-bills are easy to trade.C.CDs have greater liquidity
A. T-bills are safer than CDs.
B. T-bills are easy to trade.
CDs have greater liquidity than T-bills.
D. CDs are safe because the FDIC guarantees their investments.