1. (单选题)Prunedale Co. uses a periodic inventory system. Beginning inventory on January 1 was overstated by $32,000, and its ending inventory on December 31 was understated by $62,000. These errors were not discovered until the next year. As a result, Prunedale's cost of goods sold for this year was:

9. (单选题)The following partial balance sheet ( ) for Paisano Seafood Inc. is shown below.
The acid-test ratio is ( ):

8. (单选题)Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

7. (单选题)Which of the following is not used when analyzing long-term solvency?

6. (单选题)Which of the following would be disclosed in the summary of significant accounting policies disclosure note?

5. (单选题)Which of the following is not a current liability account?

4. (单选题)A subsequent event for an entity with a December 31, 2018, year-end would not include:

3. (单选题)A company that borrows funds at 6% and then generates a return on those funds of 9% typically has:

2. (单选题)Accrued liabilities:

1. (单选题)Listed below are year-end account balances ( ) taken from the records of Symphony Stores.
What is the amount of working capital for Symphony?

10. (判断题, 10分)A rules-based approach to standard-setting stresses professional judgment as opposed to following a list of rules.