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提问人:网友qqgg1227 发布时间:2022-01-07
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Mr. Wong paid $3,000 in advance for insurance on 1 December 2001 and debited it to Insuran

ce Expense. No entries were made subsequently in 2001 or in 200The accounting period ends on December 3As a result of this error ______.

A.2001 income was understated $2,000.

B.2002 income was understated $2,000.

C.2001 income was understated $3,000.

D.2002 income was understated $3,000.

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更多“Mr. Wong paid $3,000 in advance for insurance on 1 December 2001 and debited it to Insuran”相关的问题
第1题
Mr. Wong is a small company. And it failed to record every transaction. Now you are provid
ed with the following information: capital at 1 January 2003 is $30,000, capital at 31 December 2003 is $31,000. During 2003, drawings are $2,000. Then the net profit for the year 2003 is ______.

A.$3,000.

B.$-1,000.

C.$1,000.

D.$-3,000.

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第2题
Question 5

Mr. Wong is a small manufacturer of bicycles in Hong Kong. His business incurred the following costs for the year ended 31 December 2003.

Materials (100% variable) 300,000

Labor (25% variable) 200,000

Selling & distribution cost (20% variable) 50,000

Other costs (fixed) 170,000 720,000

Normally, the business sells 3,000 units at $300 each:

Required:

(a)Calculate the breakeven point in units and dollar sales.

(b)Calculate the contribution to sales ratio.

(c)Calculate the margin of safety in percentage.

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第3题
Mr. Wong once lived______ New Orleans.A.inB.atC.fromD.on

Mr. Wong once lived______ New Orleans.

A.in

B.at

C.from

D.on

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第4题
What is Mr. Wong's company working on?A.Giving a public presentationB.Planning an awards c

What is Mr. Wong's company working on?

A.Giving a public presentation

B.Planning an awards ceremony

C.The construction of a new conference center

D.The design of a swimming pool

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第5题
What is Mr. Wong requesting?A.The opportunity to bid on a contractB.Copies of published pr

What is Mr. Wong requesting?

A.The opportunity to bid on a contract

B.Copies of published project design plans

C.Permission to distribute information to his colleagues

D.A review of a municipal annual budget

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第6题
You are a teacher. Another teacher Mr. Wong has given your class a wonderful demonstration
yesterday. Write a letter to thank him for his great performance and express your appreciation.

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第7题
听力原文:For a long time, Albert Worboys had a reputation as a miser in his village. Yeste

听力原文: For a long time, Albert Worboys had a reputation as a miser in his village. Yesterday, when his will was announced people found they had completely wronged him.

Mr. Worboys was a farmer who had a very big farm. Apart from this, he also owned a building business, and made money on the stock market. Every year, hundreds of dollars streamed into his purse. Yet, he was known by other residents as the meanest man in the village. A fellow villager, who had known him for more than fifty years, said, "He never spent money on himself. He never bought a new suit and he even mended his shoes with sticky tape rather than buy a new pair." A woman villager added, "He got the greatest pleasure from doing his account books. He worked on them for hours. We thought he was planning to take his money with him."

Mr. Worboys died in October at the age of 85, and yesterday his will became known. He left $175,000 for building houses for his former employees, $3,000 for a new village bus shelter. The rest of his estate, more than $200,000, went to charity.

(33)

A.Because he never lent any money to his fellow villagers.

B.Because he never gave his children any money.

C.Because he never spent money on himself.

D.Because he never paid enough to the farmers working for him.

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第8题
A business has net assets of $60,000 at the beginning of the year and $85,000 at the end o
f the year. Drawings were $17,000 and a lottery win of $3,000 was paid into the business during the year. What was the profit for the year?

A、$11,000 loss

B、$39,000 loss

C、$11,000 profit

D、$39,000 profit

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第9题
A business prepares its accounts to 31 December 20X7. The trial balance includes $9,000 pa
id for electricity used from I January to 30 September 20X7. Assuming the electricity charge is unchanged in the following period, how much needs to be in the accrual account for the year ended 31 December 20X7?

A、$9,000

B、$3,000

C、$6,000

D、$12,000

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第10题
You purchase a car making a down payment of $3,000 and 6 monthly payments of $225. How muc
h have you paid so far for the car?

A.$3225

B.$4350

C.$5375

D.$6550

E.$6398

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