[单项选择]Under last in first out (LIFO) accounting during periods of inflation, when a firm sells a greater quantity of its inventory than it produces or acquires, the result is:（）
A. an understatement of the cost of goods sold.  
B. lower earnings.  
C. an increase in the leverage multiplier.

[单项选择]A switch from first in first out (FIFO) to last in first out (LIFO) :（）
A. results in a more meaningful inventory valuation during periods of rising prices.  
B. will result in higher taxes and smaller cash flows.  
C. results in a lower current ratio during periods of rising prices.

[单项选择]Premier Corp. ’ s year-end last in, first out (LIFO) reserve was $ 2500000 in 2000 and $ 2300000 in 2001. Premier’ s $ 200000 decline in the LIFO reserve could be explained by each of the following EXCEPT:（）
A. declining inventory prices. 
B. a LIFO liquidation occurred. 
C. the LIFO reserve was being amortized.

[单项选择]How long is it since you last went out for a walk
Three days Three weeks Three years

Well, who has time for that kind of thing nowadays
Your doctor may tell you to get more clean air.
Your friends may tell you to get more exercises.
Your wife may tell you to find something cheap to do.
You would go out and walk for miles, except for one thing,
Walking is boring.
But now science has come to help yon.
Now there is a reason for going out in the countryside.
No more worry about not knowing where to go.
Now the countryside is a forever pleasure.
What could be more interesting than looking for buried (埋藏的) gold while walking
So now have a look at the new Sherlock Metal (金属) Detector (探测器).
When you are walking with it, you will be very likely to find gold.
Buy yourself a Sherlock Metal Detector, and you’ll find yourself out in the open air for hours at a time.
M
A. To tell people how important walking is.
B. To ask people to find gold.
C. To sell something.

[单项选择]During an accounting period a company had the following sequence of transactions: Beginning inventory is zero. The company purchased 500 units at $15. The company purchased 600 units at $16. The company sold 400 units at $18. The company sold 550 units at $ 20. Cost of goods sold (COGS) using last-in first-out (LIFO) inventory accounting and ending inventory using first-in first-out (FIFO) are closest to: LIFO COGS FIFO ending inventory ①A. $14700 $ 2400 ②B. $14 700 $ 3350 ③C. $14850 $ 2400

[单项选择]How long did the first Thanksgiving Day last
A. Three weeks.
B. Two weeks.
C. Three days.

[填空题]I saw him act for the first time last night he was quite ______ (impress).

[单项选择]

How did the speaker’s family first find out about the Waiwera spa
A. From people they met in their hometown.
B. From the Internet.
C. From people they met in Rotorua.
D. From a travel agent.

[单项选择]When Mike Kelly first set out to build his own private space-ferry service, he figures his bread-and-butter business would be lofting satellite into high earth orbit. Now he thinks he may have figured wrong, "People were always asking me when they could go," says Kelly, who runs Kelly Space Technology, "I realized the real market is in space tourism."Which of the following is the best title for the passage
[A] Take Vacations in Space [C] Flight Regulations in Space Travels
[B] Building Hotels in Space [D] Cost of Space Traveling