Which of the following would probably not need to be disclosed in a footnote?

A. Change of inventory methods

B. A change in depreciation method
C. A material change in estimated shrinkage
D. A 10% increase in sales
5. Bill's Bikes had sales for the week of !"5#$" of which %"$&& was on credit and #5$ was in cash
sales. 'he cost of the bikes sold was ("))). 'he *ournal entries would include a
A. debit to Cost of +oods ,old for (")))- credit to ,ales of ("))).
B. debit to Cash for !5#$- credit to ,ales for !"5#$.
C. debit to Cost of Goods Sold for $1,888; credit to Inventory for $1,888.
.. debit to Cash for !"5#$- credit to Cost of +oods ,old for !"5#$.
/. 0n a balance sheet prepared in report form" liabilities must be listed after
A. stockholders' e1uity.
B. assets with long2term liabilities listed first.
C. assets in alphabetical order.
D. assets wit c!rrent liabilities listed first.
((. A company has )"%&& in net sales" ("(&& in gross profit" %"5&& in ending inventory" and %"&&&
in beginning inventory. 'he company's cost of goods sold is
A. #"%&&.
B. 5"/&&.
C. $",100. 3)%&&2((&&4
.. 5"#&&.
(!. A company's current ratio increased from (.%! to (.55. What does this mean?
A. 'his means that current assets decreased and current liabilities decreased.
B. 'his means that current assets increased and current liabilities increased.
C. #ere isn$t eno!% infor&ation to e'(lain te increase.
.. 'his means that current assets increased and current liabilities decreased