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[判断题]

Income statements show how much money a company made and spent at a fixed point in time.（)

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更多“Income statements show how muc…”相关的问题

第1题

Financial statements include balance sheet, income statement and cash flow statement.A．Rig

Financial statements include balance sheet, income statement and cash flow statement.

A．Right

B．Wrong

C．Doesn't say

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第2题

Which of the following financial statements is generally prepared first？（)

A.Balance Sheet

B.Income Statement

C.Statement of Cash Flow

D.Statement of Retained Earnings

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第3题

Which of the following statements regarding deferred taxes is least accurate？A.A perm

Which of the following statements regarding deferred taxes is least accurate？

A.A permanent difference is a difference between taxable income and pretax income that will not reverse.

B.A deferred tax asset is created when a temporary difference results in taxable income that exceeds pretax income.

C.Deferred tax assets and liabilities are not adjusted for changes in tax rates.

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第4题

Which of the following financial statements reports information as of a specific date?()

A.income statemen

B.statement of owner's equity

C.balance sheet

D.statement of cash flows

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第5题

Merchandise inventory at the end of the year was understate

A.Which of the following statements correctly states the effect of the error?()

B.net income is understated

C.net income is overstated

D.cost of merchandise sold is understated

E.merchandise inventory reported on the balance sheet is overstated

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第6题

A firm needs to adjust the financial statements for a change in the tax rate.Taxable

income if $80,000 and pretax income is $100,000.The current tax rate is 50%, and the new tax rate is 40%.The difference in taxes payable between the two rates is closest to:

A.$8,000.

B.$9,000.

C.$10,000.

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第7题

Patti sells a painting that has a fair market value of $9,000 to James for $6,000.Whic

h of the following statements about the tax effect of the sale is/are correct？

I.If James is an employee of Patti's, no income is recognized from the sale.II.If James is Patti's brother, James does not recognize any income from the sale.III.If Patti is an art dealer and she sold the painting to James because she needed cash quickly, James does not recognize any income from the sale.IV.If James owns 60% of Patti's company, James does not recognize any income from the sale.()

A、Only statement II is correct

B、Only statement III is correct

C、Only statements II, and III are correct

D、Only statements II, III, and IV are correct

E、Statements I, II, III, and IV are correct

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第8题

The ability－to－pay concept is fundamental to the income tax structure. Constructs used

The ability-to-pay concept is fundamental to the income tax structure. Constructs used to implement this concept include？()I. Deductions.II. Progressive tax rates.III. Exclusions.IV. Business losses.

A、Only statement II is correct

B、Statements I, III, and IV are correct

C、Statements I, II, and IV are correct

D、Statements I and III are correct

E、Statements I, II, III, and IV are correct

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第9题

All of the following statements regarding the Income Statement columns on the worksheet are true except:

A．ThebalancesintheIncomeStatementcreditcolumnarerevenues．

B．ThebalancesintheIncomeStatementcreditcolumnareunearnedrevenues．

C．ThebalancesintheIncomeStatementdebitcolumnareexpenses．

D．ThedifferencebetweenthetotalsoftheIncomeStatementcolumnsisnetincomeornetloss．

E．ThenetincomeornetlossfromtheIncomeStatementcolumnsisenteredintheBalanceSheet﹠StatementofOwner’sEquitycolumns．

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第10题

Under a nonqualified pension planI. The yearly earnings on the pension plan assets are taxable income to the employee.II. An employer's contribution is taxable income to the employee().

Under a nonqualified pension planI. The yearly earnings on the pension plan assets are taxable income to the employee.II. An employer's contribution is taxable income to the employee（).

A.Only I is correct

B.Only II is correct

C.Both statements are correct

D.Neither statement is correct

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