超星 - Assignment 6

单选题

Aperiodicinventorysystem:

A. isusedforinexpensivegoods.
B. isnotexpensivetomaintain.
C. doesnotkeeparunningrecordofinventoryonhand.
D. isalloftheabove.

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单选题

Underaperpetualinventorysystem:

A. theremustbeaphysicalcounttodeterminetheamountoftheendinginventory.
B. theremustbeaphysicalcounttodeterminethecostofgoodssold.
C. theinventoryrecordsmustbeupdatedmanually.
D. itcanbereadilydeterminedifthereisasufficientsupplyofinventoryonhand.

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单选题

Underaperpetualinventorysystem,whenasaleismade,thecompany:

A. makesajournalentrytorecordthesaleonly.
B. makesajournalentrytorecordonlythecostofgoodssold.
C. makesajournalentrytorecordthesaleandthecostofgoodssold.
D. doesnotneedtomakeajournalentry.

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单选题

Howdopurchasereturnsandallowancesandpurchasediscountsaffectgrosspurchases?

A. Bothareaddedtopurchases.
Botharesubtractedfrompurchases.
C. Purchasereturnsandallowancesareaddedtopurchases;purchasediscountsaresubtractedfrompurchases.
D. Purchasereturnsandallowancesaresubtractedfrompurchases;purchasediscountsareaddedtopurchases.

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单选题

Apurchase:

A. allowanceincreasesthecostoftheinventory.
B. discountincreasesthecostoftheinventory.
C. allowancehasnoeffectonthecostoftheinventory.
D. returndecreasesthecostoftheinventory.

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单选题

WheninventoryisshippedfromthesellertothebuyerwithshippingtermsofFOBdestination:

A. titlepassesfromthesellertothebuyerwhenthegoodsleavetheseller'sshippingdock.
B. thegoodswillbeincludedintheinventoryoftheselleruntiltheyreachtheirdestination.
C. thebuyerownsthegoodswhiletheyareintransit.
D. thegoodswillbeincludedintheinventoryofthebuyerandthesellerwhiletheyareintransit.

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单选题

Usingaperpetualinventorysystem,whichofthefollowingentrieswouldrecordthecostofmerchandisesoldoncredit?

A. SalesDiscountsAccountsPayable
B. CostofGoodsSoldPurchasesDiscounts
CostofGoodsSoldInventory
D. InventoryCostofGoodsSold

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单选题

Usingaperpetualinventorysystem,whichofthefollowingentrieswouldrecordthesaleofmerchandisesoldoncredit?

A. SalesDiscountsAccountsPayable
B. AccountsReceivableInventory
C. AccountsReceivableCostofGoodsSold
D. AccountsReceivableSales Revenue

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单选题

Acompanypurchasedinventoryfor$800perunit.Thecompanylatersoldtheinventoryfor$1,000perunit.Theentriestorecordthesaleforcashandcostofgoodssoldwouldincludedebitstowhichofthefollowingaccounts?

A. Sales,$1,000;Inventory,$800
B. Cash,$1,000;CostofGoodsSold,$800
Cash,$800;CostofGoodsSold,$1,000
D. Sales,$800;Inventory,$800

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单选题

Whichofthefollowingisacorrectstatementregardingshippingtermsandfreightcosts?

A. Freight-outpaidbythesellerundershippingtermsFOBdestinationispartofthecostofinventory.
B. Freight-outisaddedtothepurchasepriceoftheinventory.
C. Freight-outisthetransportationcostpaidbythebuyerundertheshippingtermsFOBshippingpoint.
D. Freight-outpaidbythesellerisadeliveryexpenseandnotpartofthecostoftheinventory.

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