资源描述：
《Chapter 6 Practice Materials》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、Chapter6—AccountingforMerchandisingBusinessesF301Chapter6—AccountingforMerchandisingBusinessesMULTIPLECHOICE1.Whichoneofthefollowingisnotadifferencebetweenaretailbusinessandaservicebusiness?a.inwhatissoldb.theinclusionofgrossprofitintheincomestatementc
2、.accountingequationd.merchandiseinventoryincludedinthebalancesheetANS:CDIF:ModerateOBJ:06-01NAT:AACSBAnalytic
3、AICPABB-Industry2.Netincomeplusoperatingexpensesisequaltoa.costofgoodssoldb.costofgoodsavailableforsalec.netsalesd.grossprofitANS:DDIF:EasyOBJ
4、:06-01NAT:AACSBAnalytic
5、AICPAFN-Measurement3.Generally,therevenueaccountforamerchandisingbusinessisentitleda.Salesb.NetSalesc.GrossSalesd.GrossProfitANS:ADIF:EasyOBJ:06-01NAT:AACSBAnalytic
6、AICPAFN-Measurement4.Whatisthetermappliedtotheexcessofnetrevenu
7、efromsalesoverthecostofmerchandisesold?a.grossprofitb.incomefromoperationsc.netincomed.grosssalesANS:ADIF:EasyOBJ:06-01NAT:AACSBAnalytic
8、AICPAFN-Measurement5.Theterm"inventory"indicatesa.merchandiseheldforsaleinthenormalcourseof businessb.materialsinth
9、eprocessofproductionorheldfor productionc.suppliesd.both(a)and(b)ANS:DDIF:EasyOBJ:06-01NAT:AACSBAnalytic
10、AICPAFN-MeasurementChapter6—AccountingforMerchandisingBusinessesF3016.Acompanyusingtheperiodicinventorysystemhasthefollowingaccountbalances:Merchan
11、diseInventoryatthebeginningoftheyear,$4,000;Transportation-In,$450;Purchases,$12,000;PurchasesReturnsandAllowances,$2,300;PurchasesDiscounts,$220.Thecostofmerchandisepurchasedisequaltoa.$13,930b.$9,930c.$9,489d.$14520ANS:BDIF:DifficultOBJ:06-02NAT:AACS
12、BAnalytic
13、AICPAFN-Measurement7.Acompany,usingtheperiodicinventorysystem,hasmerchandiseinventorycosting$140onhandatthebeginningoftheperiod.Duringtheperiod,merchandisecosting$400ispurchased.Atyear-end,merchandiseinventorycosting$180isonhand.Thecostofmerc
14、handisesoldfortheyearisa.$720b.$550c.$360d.$140ANS:CDIF:DifficultOBJ:06-02NAT:AACSBAnalytic
15、AICPAFN-Measurement8.Expensesthatareincurreddirectlyorentirelyinconnectionwiththesaleofmerchandiseareclassifiedasa.sellingexpensesb.generalexpen
