8. (单选题)In a periodic inventory system, the cost of purchases is debited to:

2. (单选题)Which of the following is added to net income as an adjustment under the indirect method of preparing the statement of cash flows?

1. (单选题)When a material error is discovered in prior financial statements:

20. (判断题) A payment on account has no effect on working capital but will increase the current ratio if it is already greater than 1.0.

19. (判断题)Subsequent events are significant developments that take place after a firm's year-end, and after the financial statements are issued or available to be issued.

18. (判断题)Horizontal analysis involves expressing each item in the financial statements as a percentage of an appropriate total, or base amount, within the same year.

17. (判断题)A company's market value is generally less than its book value.

16. (判断题) The balance of net receivables represents the amount expected to be collected.

15. (判断题)The criteria for determining which items comprise cash equivalents often is disclosed in the summary of significant accounting policies.

14. (单选题)The principal concern with accounting for related-party transactions is:

13. (单选题)Disclosure notes would not include: