【单选题】QS4-7 (P3) Identifyiing post-closing accounts Identify which of the following accounts would be included in a post-closing trial balance. A. Accounts Receivable; B. Salaries Expense; C. Goodwill...
【单选题】For Garret Wolfe Company, the following information is available:Cost of goods sold$ 60,000Dividend revenue2,500Income tax expense6,000Operating expenses23,000Sales100,000In Garret Wolfe’s multiple-st...
A.
should not be reported
B.
should be reported at $13,500.
C.
should be reported at $40,000.
D.
should be reported at $42,500.
【单选题】For Mortenson Company, the following information is available:Cost of sales $240,000Sales discounts 8,000Income tax expense 24,000Operating expenses 92,000Sales revenue 400,000In Mortenson’s statemen...
A.
should not be reported
B.
should be reported at $36,000
C.
should be reported at $152,000
D.
should be reported at $160,000
【单选题】Farr company reported the following on its income statement: Income before income taxes $400,000 Income tax expense 100,000 Net income 300,000 An ysis of the inc...
【单选题】Provincial Inc. reported the following before-tax income statement items: Operating income $ 600,000 Loss on discontinued operations 100,000 Provincial has a 30% income tax rate. Provincial would repo...
【单选题】For Garret Wolfe Company, the following information is available:Cost of goods sold$ 60,000Dividend revenue2,500Income tax expense6,000Operating expenses23,000Sales100,000In Garret Wolfe’s single-step...
A.
should not be reported.
B.
should be reported at $13,500.
C.
should be reported at $40,000.
D.
should be reported at $42,500.
【单选题】所得税费用期末应转入( )账户的借方。The account of income tax expense shall be transferred to the debit of ( ) account at the end of the period.
A.
“主营业务收入”Prime operating revenue
B.
“本年利润”Current year profit
C.
“利润分配”Profit distribution
D.
“营业外收入”Non operating revenue