A net loss （） the owner’s equity, Capital, for the period.

A、Owner's equity

B、Capital

C、Assets

D、Liabilities

Capitalism has suffered a series of mighty blows to its reputation over the past decade. The sense of a system rigged to benefit the owners of capital 1 the expense of workers is profound. In 2016 a survey found that more than half of young Americans no longer 2 capitalism. This loss of faith is dangerous, but is also 3 . Today’s capitalism does have a real problem, just not 4 that protectionists and populists like to talk about. Life has become far too comfortable for some firms in the 5 economy, while, in the new economy, tech firms have rapidly built market power. A revolution is indeed needed—one that 6 competition, forcing down abnormally high profits today and 7 that innovation can thrive tomorrow. Countries have acted to 8 competition before. At the start of the 20th century America broke up 9 in railways and energy. After the second world war West Germany put the creation of 10 markets at the centre of its nation-building project. The establishment of the European single market, a(n) 11 championed by Margaret Thatcher, prised open stale 12 markets to 13 foreign firms. Ronald Reagan fostered competition across 14 of the American economy. A similar 15 is needed today. Since 1997 market concentration has 16 in two-thirds of American industries. 17 of the economy is made up of industries in which four firms control more than two-thirds of the market. In a healthy economy you would expect profits to be competed down, but the free cash-flow of companies is 76% above its 50-year average, relative 18 GDP. In Europe the trend is similar, 19 less extreme. The average market share of the biggest four firms in each industry has risen by three percent since 2000. On both continents, 20 firms have become harder to dislodge. 1.

A、at

B、in

C、for

D、by

A、$300,000

B、$280,000

C、$180,000

D、$120,000

此题为判断题(对，错)。

After calculating net profit for the year ended 31 March 20X8, WL has the following trial balance. DR CR $ $ Land and buildings-cost 10,000 Land and buildings -accumulated depreciation at 31 March 20X8 2,000 Plant – cost 12,000 Plant - accumulated depreciation at 31 March 20X8 3,000 Inventories 2,500 Trade receivables 1,500 Bank 8,250 Trade payables 1,700 Rent prepaid 400 Wages accrued 300 Capital account 19,400 Profit for the year ended 31 March 20X8 9,750 34,650 36,150 A suspense account was opened for the difference in the trial balance. Immediately after production of above, the following errors were discovered: A payables account had been debited with a $300 sales invoice(which had been correctly recorded in the sales account). The heat and light expense account had been credited with gas paid $150 and the bank has been credited with $150 The saes ledger account of G Gordon had been credited with a cheque received from G Goldman for $800 prepare a journal entry to correct error(iii) Account name DEBIT CREDIT $ $ PICLIST: G Gordon , G Goldman , Bank , Trade receivables , Suspense account