The prudence adopted in the valuation of stock is aiming to guard against ______.
A.overvaluation of stock
B.under-valuation of stock
C.materialization of stock
D.none of the above
A.Non-valuated blocked stock
B.Quality inspection stock
C.Unrestricted-use stock
D.Valuated blocked stock
A.Goods receipt to the stock of material provided to vendor
B.Goods receipt for a free-of-charge delivery
C.Goods receipt to the consignment stock
D.Goods receipt for initial stock entry
A.as an asset
B.as a decrease in stockholders equity
C.as an increase in stockholders equity
D.treasury stock is not shown on the balance sheet
Undervaluation of closing stock may lead to ______.
A.higher profit than actual
B.less profit than actual
C.higher tax payable
D.none of the above
此题为判断题(对,错)。
Stock is measured ______ in order to give a true picture of profit.
A.at cost value
B.at market value
C.at cost or market value, whichever is lower
D.at cost or market value, whichever is higher
A.the actual value of stock will be in great excess of the book value
B.the actual value of stock will be greatly less than its book value
C.the bulk stock will be sold for cash at its full market value
D.none of the above