题目内容

In the notes to its financial statements, Gilbert Company discloses a €400,000 reversal of an earlier writedown of inventory values, which increases this inventorys carrying value to €2,000,000. It is

A. The reasons for this reversal are also disclosed.
B. A gain of €400,000 appears on the income statement.
C. The net realizable value of this inventory is €2,000,000.

查看答案
更多问题

Which of the following is least likely to be a motivation to over report net income?

A. Meet earnings expectations.
B. Negotiate labor union contracts.
C. Remain in compliance with bond covenants.

Under a defined contribution pension plan, which of the following is recognized as a pension expense?

Actuarial gains and losses.
B. Periodic contributions to the plan.
C. Service costs incurred during the period.

Decreasing accounts payable turnover by delaying payments to suppliers is most likely to cause cash flow from financing activities to:

A. increase.
B. decrease.
C. Remain unchanged.

An analyst who is projecting a companys net income and cash flows is least likely to assume a constant relationship between the companys sales and its:

A. Interest expenses.
B. Cost of goods sold.
C. Noncash working capital.

答案查题题库