The revenue and expense accounts are closed out to the summary account known as .
A、income Summary
B、liability account
C、prepaid Insurance
D、salaries Payable
A、income Summary
B、liability account
C、prepaid Insurance
D、salaries Payable
B.After the revenue and expense accounts were closed,there was a credit balance in the Income summary account.
C.The balance of the Income summary account can be debit or credit depending on the company’s accounting policy.
D.After the revenue and expense accounts were closed,there was a debit balance in the Income summary account.
B.Income Summary and a credit to Retained Earnings.
C.Cash and a credit to Income Summary.
D.Retained Earnings and a credit to Income Summary.
阅读理解。 |
These are instructions for making invisible ink using baking soda. Difficulty: Easy Time required: A few minutes What you need: Baking soda Paper Water Light bulb Paintbrush Measuring cup Purple grape juice Here's how: There are at least two methods of using baking soda as invisible ink. Mix equal amounts of water and baking soda. Use a paintbrush to write a message onto white paper, using the baking soda solution (溶液) as "ink". Allow the ink to dry. One way to read the message is to hold the paper up to a heat source, such as a light bulb. The baking soda will cause the writing in the paper to turn brown. The second way to read the message is to paint over the paper with purple grape juice. The message will appear in a different color. Tips: If you are using the heating method, avoid igniting (点燃) the paper. Baking soda and grape juice react with each other in an acid-base (酸碱) reaction, producing a color change in the paper. Grape juice concentrate (浓缩物) results in a more visible color change than regular grape juice. |
1. ______ is not needed for making invisible ink. |
A. Baking soda B. Paper C. Water D. Ink |
2. What's the function of the paintbrush? |
A. To draw a picture. B. To write a message onto the white paper. C. To allow the"ink" to appear. D. To help the"ink" dry. |
3. Why will the message appear in a different color in the second way to read the massage? |
A. Because there is enough grape juice. B. Because baking soda reacts with grape juice. C. Because of the use of water. D. Because of the special paper. |
4. From the process, we can know that making invisible ink is ______. |
A. very hard B. not difficult C. a little difficult D. not easy |
There are two firms with identical assets and thus the same EBIT equal to $10 million per year, differing only in their capital structure: Nodett Corp. issuing only 1 million shares of stocks, and Somedett Corp. issuing bonds with face value of $40 million at an interest rate of 8% per year and 0.6 million shares of stocks. Assume that Somedett’s bonds are in perpetuity and default free. In a frictionless environment, if Nodett’s stock price is $90 and Somedett’s stock price is $100, then you can ( ) to make riskless arbitrage profit.
A、buy 1,000 shares of Nodett and sell short 600 shares of Somedett
B、sell short 1,000 shares of Nodett and buy 600 shares of Somedett
C、sell short 600 shares of Somedett, borrowing $40,000 in perpetuity and buy 1,000 shares of Nodett
D、sell short 1,000 shares of Nodett, buy 600 shares of Somedett and bonds of Somedett with total face value of $40,000
When expenses are incurred the liability under this insurance shall not exceed the proportion of such expenses that the amount insured hereunder bears to the value of the Vessel as stated herein,or to the sound value of the Vessel at the time of the occurrence giving rise to the expenditure if the sound value exceeds that value.Where the Underwriters have admitted a claim for total loss and property insured by this insurance is saved,the foregoing provisions shall not apply unless the expenses of suing and labouring exceed the value of such property saved and then shall apply only to the amount of the expenses which is in excess of such value.
When a claim for total loss of the Vessel is admitted under this insurance and expenses have been reasonably incurred in saving or attempting to save the Vessel and other property and there are no proceeds,or the expenses exceed the proceeds,then this insurance shall bear its pro rata share of such proportion of the expenses,or of the expenses in excess of the proceeds,as the case may be,as may reasonably be regarded as having been incurred in respect of the Vessel,but if the Vessel be insured for less than its sound value at the time of the occurrence giving rise to the expenditure,the amount recoverable under this clause shall be reduced in proportion to the under-insurance.
问题:
Of the following,_______ only is correct.
A.The stated value of the vessel is always higher than its ensured value
B.The sound value of the vessel at the time of the occurrence is always higher than its ensured value
C.The sound value of the vessel at the time of the occurrence is always higher than its stated value
D.The sound value of the vessel at the time of the occurrence is always higher than its saved value
Assuming the sound value of the vessel at the time of accident is $10 millions,the insured value $9 millions,the stated value $8 millions,the expense incurred $2 millions,the liability under this insurance is likely to be _______.A.$2.0 millions
B.$1.8 millions
C.$1.6 millions
D.$1.4 millions
Under afore-said conditions,assuming the expense of suing and labouring is $3 millions,the proceeds $2 million,and the Underwriter has admitted a claim for total loss,the liability under this insurance is likely to be _______.A.$0.9 million
B.$0.8 million
C.$1.0 million
D.$2.0 millions
Under previous conditions,assuming the saved value is $1 million,the expense of suing and labouring $3 millions,and the Underwriter has admitted a claim for total loss,the liability under this insurance is likely to be _______.A.$2.0 millions
B.$1.8 millions
C.$1.6 millions
D.$1.4 millions
A、Office Supplies Expense 400 Office Supplies 400
B、Office Supplies Expense 900 Office Supplies 400
C、Office Supplies Expense 900 Office Supplies 500
D、Office Supplies Expense 500 Office Supplies 400
A、prepaid insurance
B、insurance expense
C、office supplies
D、income summary
A、salaries expense
B、insurance expense
C、liability account
D、prepaid expense
A、Insurance Expense 50 Prepaid Insurance 50
B、Insurance Expense 100 Prepaid Insurance 50
C、Insurance Expense 50 Prepaid Insurance 100
D、None of the above.
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