10. (单选题)Cinnamon Buns Co. ( ) started 2018 with $52,000 of merchandise on hand. During 2018, $280,000 in merchandise was purchased on account with credit terms of 2/10, n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $9,000. Merchandise with an invoice amount of $4,000 was returned for credit. Cost of goods sold for the year was $316,000. CBC uses a perpetual inventory system.What is cost of goods available for sale, assuming CBC uses the gross method?

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:

12. (单选题)When a company pays its bill from a plumber for previous services on account:

11. (单选题)New Oaks Winery requires two months to make wine, two years to age it, one month to bottle it, two months to sell it, and one month to collect the receivable. Its operating cycle is: