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During a period of falling prices, which of the following inventory methods generally results in the lowest balance sheet amount for inventory. （)

A、average method

B、LIFO method

C、FIFO method

D、can not tell without more information

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更多“During a period of falling pri…”相关的问题

第1题

Coffeemaker This coffeemaker is a newly-arrival of this summer. It is offered in 15 c

Coffeemaker

This coffeemaker is a newly-arrival of this summer. It is offered in 15 colors (bright yellow, light green, blue-green, peach, light pink, elegant silver, mysterious dark, etc.). Equipped with strength Selector, Coffee Strength Control System, Clock Timer, Drip-stop, Walter-level Indicator and Automatic Shut-off, this high-quality coffer maker can make 10-15 cups of coffee in a short period of 15 minutes. With the Strength Selector you can set this coffeemaker to brew coffee at the strength you like best——from mild to strong. The Coffee Strength Control System clearly indicates at which point the water and coffee ingredients are perfectly balanced. Thanks to the Drip-drop feature you can pour coffee during the brew process, without spilling coffee on the hotplate. Want to wake up to the smell of fresh coffee？ The Clock Timer makes it possible. Own your ideal coffeemaker now!

Color：It is offered___31___colors.

Equipments：It is equipped with Strength Selector, Coffee Strength Control System,___32___, Drip-stop, Walter-level Indicator and ___33___.

Time-consume：this coffee maker can complish producting coffee in a period of __34____.

Type of coffee：this coffeemaker can be set to brew coffee at the strength you like best--from ___35___.

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第2题

The cost of a product warranty should be included as an expense in the ().

A.period the cash is collected for a product sold on account

B.future period when the cost of repairing the product is paid

C.period of the sale of the product

D.future period when the product is repaired or replaced

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第3题

Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.（)

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第4题

Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.()

Under the cash basis for the accounting period concept, revenues and expenses are reported in the income statement in the period in which cash is received or paid.（)

A.正确

B.错误

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第5题

The historical events of that period are arranged ____.

A.in alphabetical order

B.in an alphabetical order

C.in the alphabicetical orders

D.in a alphabetical orders

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第6题

The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such as a month or year, is called a(n) ()

A.income statement

B.income statement

C.prior period statement

D.statement of owner’s equity

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第7题

The matching concept requires expenses be recorded in the same period that the related revenue is recorded.()

The matching concept requires expenses be recorded in the same period that the related revenue is recorded.（)

A.正确

B.错误

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第8题