题目内容

Which of the following inventory valuation methods is required by the accounting standard-setting bodies？

A. Lower of cost or net realizable value.
B. Weighted average cost.
C. First-in,first-out.

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Changing an accounting estimate:

A. Is reported prospectively.
B. Requires restatement of all prior-period statements presented in the current financial statements.
C. Is reported by adjusting the beginning balance of retained earnings for the cumulative effect of the change.

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Which of the following is least likely considered a nonoperating transaction from the perspective of a manufacturing firm？

A. Dividends received from available-for-sale securities.
B. Interest expense on subordinated debentures.
C. Accruing bad debt expense for goods sold on credit.

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Return on equity using the traditional DuPont formula equals:

A. （net profit margin）（interest component）（solvency ratio）.
B. （net profit margin）（total asset turnover）（tax retention rate）.
C. （net profit margin）（total asset turnover）（financial leverage multiplier）.

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To study trends in a firms cost of goods sold （COGS）, the analyst should standardize the cost of goods sold numbers to a common-sized basis by dividing COGS by:

A. assets.
B. sales.
C. Net income.

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Which of the following inventory valuation methods is required by the accounting standard-setting bodies？

A. Lower of cost or net realizable value. B. Weighted average cost. C. First-in,first-out.

Changing an accounting estimate:

Which of the following is least likely considered a nonoperating transaction from the perspective of a manufacturing firm？

Return on equity using the traditional DuPont formula equals:

To study trends in a firms cost of goods sold （COGS）, the analyst should standardize the cost of goods sold numbers to a common-sized basis by dividing COGS by:

A. Lower of cost or net realizable value.
B. Weighted average cost.
C. First-in,first-out.