10. (判断题)Comprehensive income reports an expanded version of income to include certain types of gains and losses not included in traditional income statements.

20. (判断题)The journal entry to record the replenishment of a petty cash fund includes a credit to the petty cash fund.

19. (判断题)From a financial accounting perspective, the main purposes of a system of internal control are to improve the accuracy and reliability of accounting information and to safeguard assets.

18. (判断题)Sales returns and cash discounts are both examples of variable consideration that must be accounted for when receivables are recognized.

17. (判断题)Using the balance sheet approach, bad debt expense is an indirect result of estimating the appropriate balance for the allowance for uncollectible accounts.

16. (判断题)Discounts on notes receivable are recognized as interest earned over the term of the related note.

15. (判断题)The receivables turnover ratio provides a way for an analyst to assess the effectiveness of a company in managing its investment in receivables.答案:对

14. (判断题)Cash equivalents would include investments in marketable equity securities as long as management intends to sell the securities in the next three months.

13. (判断题)Depending on the circumstances, the classification of a compensating balance may be either current or noncurrent, and the arrangement should be disclosed in the notes.

12. (判断题)In a bank reconciliation, adjustments to the bank balance could include adding deposits in transit and deducting bank service charges.

11. (判断题)The allowance method for estimating bad debts requires an adjusting entry at the end of the period to reduce receivables to their appropriate carrying value.