5. (单选题, 10分)Which of the following is not a potential benefit of accrual accounting, compared to cash-basis accounting?

15. (判断题)International Financial Reporting Standards allow the reversal of an inventory write-down.

14. (判断题)Losses on reduction to NRV may be charged to either cost of goods sold or to a line item among operating expenses.

13. (判断题)An inventory written down due to the lower of cost or net realizable value may be written back up if net realizable value increases.

12. (判断题)When changing from the average cost method to FIFO, the current year's income includes the cumulative after-tax difference that would have resulted if the company had used FIFO in all prior years.

11. (单选题)Which of the following would not require the company to account for the change retrospectively?

10. (单选题)Sullivan Corporation has determined its year-end inventory on a FIFO basis to be $500,000. Information pertaining to that inventory is as follows:
What should be the reported value of Sullivan's inventory?

9. (单选题)In applying LCM, market cannot be:

8. (单选题)Under International Financial Reporting Standards ( ), inventory is valued at the lower of cost and:

7. (单选题)Madison Co. has determined its year-end inventory on a LIFO basis to be $600,000. Information pertaining to that inventory is as follows:
What should be the reported value of Madison's inventory?

6. (单选题)An argument against use of the lower of cost or net realizable value rule is its lack of: