Gross profit is calculated as（）
A. Total sales – cost of sales – selling, general and administrative expenses – depreciation and amortization
B. Total sales – cost of sales – selling, general and administrative expenses
C. Total sales – cost of sales
D. None of the above
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On the balance sheet, current maturities of long-term debt appears（）
A. in the Stockholders’ Equity section
B. in the Operating Expenses section
C. in the Current Assets section
D. in the Current Liabilities section
Dustin’s Donuts experienced a decrease in the value of the trademark of a company it acquired two years ago. This reduction in value results in（）
A. an impairment charge
B. depreciation expense
C. an operating expense
D. goodwill
Which of the following is NOT true about the Times（）
A. Murdoch began to become famous through the purchase of The Times
B. When John Walter III controlled the paper, he built the reputation of The Times
C. The Times is the most popular newspaper in the U.K
D. It was the founder, John Walter, who changed the name to The Times
The main advantage of a circular list is that（）
A. can traverse the entire list from any point in the table
B. no longer requires head pointers
C. when knows the location of a node，it can easily find its direct predecessor
D. in the delete operation，to ensure that the list continues to open
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