[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fE_szP0NjwVOhmyNuxRnVJzbuQ0U4-QtQc1wGpwnf2X0":3},{"answer":4,"createTime":5,"id":6,"options":7,"origin":12,"question":16,"related":17,"source":27,"type":28},[],"2023-12-12 17:32:43",113355422,[8,9,10,11],"An error overstating ending inventory in 2016 will understate 2016 net income","Application of the lower-of-cost-or-market rule often results in a lower inventory value","When prices are rising, the inventory method that results in the lowest ending inventory value is FIFO","The inventory method that best matches current expense with current revenue is FIFO",{"courseId":13,"courseImg":14,"courseName":15},"7a728d23a6a5de5d324a2f9fe2c19d61","https:\u002F\u002Ftihai-oss-cloud.itihey.com\u002Fimg\u002F27455feba12fe24dd2b55179e3e40247.jpg","2023-2024-1 财务会计（英）","Which statement is true",[18,29,38,47,56,65,68,77,85,94],{"answer":19,"createTime":20,"id":21,"options":22,"question":16,"source":27,"type":28},[],"2023-12-12 17:32:42",113355417,[23,24,25,26],"The Sales account is used to record only sales on account","Gross profit is the excess of sales revenue over cost of goods sold","A service company purchases products from suppliers and then sells them","Purchase returns and allowances increase the net amount of purchases","v1",0,{"answer":30,"createTime":5,"id":31,"options":32,"question":37,"source":27,"type":28},[],113355418,[33,34,35,36],"statement of retained earnings","balance sheet","statement of cash flows","income statement","Cost of goods sold will appear on which financial statement",{"answer":39,"createTime":5,"id":40,"options":41,"question":46,"source":27,"type":28},[],113355419,[42,43,44,45],"as an expense","as a contra account to cost of goods sold","as an asset","as a revenue","How is inventory classified in the financial statements",{"answer":48,"createTime":5,"id":49,"options":50,"question":55,"source":27,"type":28},[],113355420,[51,52,53,54],"original cost, less physical deterioration","original cost","resale value","current replacement cost","When applying the lower-of-cost-or-market rule to inventory, "market" generally means",{"answer":57,"createTime":5,"id":58,"options":59,"question":64,"source":27,"type":28},[],113355421,[60,61,62,63],"specific identification","average cost","LIFO","FIFO","During a period of rising prices, the inventory method that will yield the highest net income and asset value is",{"answer":66,"createTime":5,"id":6,"options":67,"question":16,"source":27,"type":28},[],[8,9,10,11],{"answer":69,"createTime":5,"id":70,"options":71,"question":76,"source":27,"type":28},[],113355423,[72,73,74,75],"$71,000","$135,000","$64,000","$53,000","The ending inventory of Cape Harbor Co. is $46,000. If beginning inventory was $64,000 and goods available (cost of goods available for sale) totaled $117,000, the cost of goods sold is",{"answer":78,"createTime":5,"id":79,"options":80,"question":84,"source":27,"type":28},[],113355424,[81,82,83,73],"$178,000","$165,000","$163,000","Chime Company had cost of goods sold of $150,000. The beginning and ending inventories were $13,000 and $28,000, respectively. Purchases for the period must have been",{"answer":86,"createTime":5,"id":87,"options":88,"question":93,"source":27,"type":28},[],113355427,[89,90,91,92],"$175,000","$215,000","$5,000","$280,000","Beginning inventory is $110,000, purchases are $220,000, and sales total $500,000. The normal gross profit percentage is 35%. Using the gross profit method, how much is ending inventory",{"answer":95,"createTime":5,"id":96,"options":97,"question":102,"source":27,"type":28},[],113355428,[98,99,100,101],"no effect on net income of the next period","an understatement of net income of the next period","an overstatement of net income of the next period","an understatement of the beginning inventory of the next period","An overstatement of ending inventory in one period results in"]