选择题
(1). A t the end of the accounting period, accounts receivable has a balance of $200,000 and allowance for receivable has a credit balance of $2,500. The amount of net accounts receivable at the end of accounting period is ( B )
A. $2,500
B. $ 197,500
C. $8,500
D. $200,000
(2). The basic purpose of offering customers cash discount is to ( C )
A. increase sales
B. reduce net sales
C. speed up the collection of accounts receivable
D. focus management’s attention upon customers that fail to take advantage of all available cash discount
(3). If a corporation has outstanding 1,000 shares of $9 cumulative
preferred stock of $100 par and dividends have been passed for the preceding three years, what is the amount of preferred dividends that
must be declared in the current year before a dividend can be declared on common stock? ( C )
A. $9,000
B. $27,000
C. $36,000
D. $45,000
(4). The stockholder’s equity section of the balance sheet may include ( D )
A. Common stock
B. Preferred stock
C. Retained earnings
D. All of the above
(5). Declaration and issuance of a dividend in stock ( C )
A. Increases the current ratio
B. Decrease the amount of working capital
C. Decrease total stockholder’s equity
D. Has no effect on total assets, liabilities, or stockholder’s equity
(6). A company declared a cash dividend on its common stock on Dec 15, 2004, payable on Jan 15, 2005. How would this dividend affect shareholder’s equity on the following dates? ( B )
Dec 15 2004 Jan 15 2005
A. Decrease Decrease
B. No effect No effect
C. No effect Increase
D. Decrease No effect
(7). Revenue include ( D )。