2. (单选题)False Value Hardware offers an unlimited, no questions asked right of return on all products. False Value Hardware began 2018 with a credit balance of $32,000 in the allowance for sales returns account. Sales and cash collections from customers during the year were $650,000 and $610,000, respectively. False Value estimates that 6% of all sales will be returned. During 2018, customers returned merchandise for credit of $28,000 to their accounts.What is the balance in the allowance for sales returns account at the end of 2018?

8. (单选题)Which of the following statement is most true?

7. (单选题)Which of the following is not an indicator that revenue can be recognized over time?

6. (单选题)For a typical manufacturing company, the most common critical point for recognizing revenue is the date:

5. (单选题)What is the effect of bad debts on revenue recognition?

4. (单选题)Which of the following is not an approach for estimating stand-alone selling prices?

3. (单选题)Mary signed up and paid $1200 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet's accounting records would indicate:

2. (单选题)Which of the following is not an indicator that the customer is likely to have control over a good?

1. (单选题) Which of the following is a characteristic of a contract for purposes of revenue recognition?

20. (判断题)A decrease in the receivables turnover ratio indicates a decrease in the time between credit sales and cash collection.

19. (判断题) Material restructuring costs are reported as an element of income from continuing operations.