3. (单选题)Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: beginning inventory at cost and retail were $55,000 and $100,000, net purchases at cost and retail were $785,000 and $1,300,000, and sales during the first six months totaled $800,000. The estimated inventory at June 30, 2018, would be:

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.

9. (判断题, 10分)Auditors play an important role in the resource allocation process by adding credibility to financial statements.

8.(判断题, 10分)The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises.