10. The increase side of all accounts is the normal balance.
A. 错误
B. 正确

11. In preparing bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement.
A. 错误
B. 正确

12. The accounting equation can be expressed as Assets - Liabilities = Owner's Equity.
A. 错误
B. 正确

13. The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense.
A. 错误
B. 正确

14. If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount.
A. 错误
B. 正确

15. The normal balance of the accumulated depreciation account is debit.
A. 错误
B. 正确

16. All property, plant, and equipment assets are depreciated over time.
A. 错误
B. 正确

17. Paying an account payable increases liabilities and decreases assets
A. 错误
B. 正确

18. Sales Discounts is a revenue account with a credit balance.
A. 错误
B. 正确

19. In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.
A. 错误
B. 正确

20. During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method.
A. 错误
B. 正确

21. The amortization of a premium on bonds payable decreases bond interest expense.
A. 错误
B. 正确

22. Information is material if its omission or misstatement could influence the economic decisions of users.
A. 错误
B. 正确

23. Accounting is a service that provides many different users with financial information to make economic decisions.
A. 错误
B. 正确

24. When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount.
A. 错误
B. 正确

25. The statement of cash flows consists of an operating section, an income section, and an equity section.
A. 错误
B. 正确

26. When the market rate of interest is less than the contract rate for a bond, the bond will sell for a premium.
A. 错误
B. 正确

27. If the bondholder has the right to exchange a bond for shares of common stock, the bond is called a convertible bond.
A. 错误
B. 正确

28. The book value of a fixed asset reported on the balance sheet represents its market value on that date.
A. 错误
B. 正确

29. Financial statements should be understandable to everyone.
A. 错误
B. 正确

30. Temporary investments are reported on the balance sheet at cost.
A. 错误
B. 正确