5. ( ) In the statement of financial position, the cost of treasure shares is deducted in:
(A) expenses.
(B) revenues.
(C) equity.
(D) liabilities.

1. ( ) Entries i:oi: cash dividends are required on the: (A) declaration, date and the payment date. (B) record dale and the payment date. (C) declaration date, record date and the payment date. (D) declaration date and the record date,

2. ( ) Which is an e.xample of a cash flow from an operating activity? (A) payment of cash to lenders for Interest. (B) receipt of cash from, ihe sale of ordinary shares, (C) paymeoi of casii. to reacquire- shares. (D) None of the above,

3. ( ) Scout Corporation has income before taxes of $400,000, loss on operation of a discontinued 40,000, and a $60,000 loss on disposal of a division. If the income tax rate is 25% on all items, the income statement should show income from continuing operations and net IncGinc, respectively, of: (A) $400,000 and $300,000. (B) $4-00,000 and $225,000. (C) $300,000 and $200,000. (D) $30(),0«)0 and $225,000.

4. ( ) Which of tlie follow; o.g measures is an evaluation of a firm's ability to pay current liabilities? (A) Acid-tesi ratio. (B) curreiU ratio. (C) both (a) and (b). (D) Return on assets.

1. Trans Company debited Prepaid Insurance for $1，320 on July 1，2014，for a one-year fire insurance policy. If the company prepares monthly financial statements, failure to make an adjusting entry on July 31 for the amount of insurance that has expired would cause: (A) assets to be overstated by $1, 320 and expenses to be understated by $1，320. (B) expenses to be overstated by $110 and assets to be understated by $110. (C) assets to be overstated by $110 and expenses to be understated by $110. (D) expenses to be overstated by $1，320 and assets to be understated by $1，320.

2. At March 31, Johnson Company has the following bank information: cash balance per bank $3,150; outstanding checks $185; deposits in transit $360; credit memo for interest $25; bank service charge $30. What is Johnson’ s adjusted cash balance on March 31? (A) $3,350. (B) $3, 335. (C) $2,990. (D) $3,325.

3.On January 1,2014, Howard Company, a calendar-year company, issued $800，000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper statement of financial position presentation on December 31’ 2014’ is (A) Current Liabilities, $800,000. (B) Long-term Debt, $800，000. (C) Current Liabilities, $400,000; Long-term Debt, $400,000. (D) Current Liabilities, $200,000; Long-term Debt, $600，000.

4. Equipment was purchased for $45，000. Freight charges amounted to $2，500 and there 500 for building a foundation and installing the equipment. It is estimated that the equipment will have a $5，000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be: (A) $12,750. (B) $13,375. (C) $14，000. (D) $11,875.

5. John Company reported the following on its income statement:An analysis of the income statement revealed that interest expense was $100, 000. John Company’s times interest earned was (A) 5 times, (B) 4 times, (C) 3.5 times, (D) 3 times.

1. 一本書放在桌面上，書所受到的重力以及正向力為作用反作用力。 (A)O(B)X