Part I: Multiple-choice problems (40 points; 2 points each) 1. Beginning inventory plus the cost of goods purchased equals a. cost of goods sold. b. net purchases. total goods purchased. d. cost of goods available for sale. 2. Writing off an uncollectible account under the allowance method requires a debit to a. b. c. d. Allowance for Doubtful Accounts. Accounts Receivable. Bad Debt Expense. Uncollectible Accounts Expense. 3. What does the "S" in "ESG" refer to? a. Societal b. Social C. Sustainability None of the above. 4. Which of the following items would be found on an income statement? net increase in cash a. b. loss on disposal of plant assets c. dividend d. bonds payable 5. If a company owns 10% of the common stock of another corporation as an investment, no dividends can be expected. a. b. 0. d. it is presumed that the investor company has significant influence on the investee the investor company should use the equity method of accounting for the investment. it is presumed that the investor company has relatively little influence on the investee 6. If the market interest rate is 10%, then a $10,000, 12%, 10-year bond that pays interest annually would sell at a B discount b. premium. par value. d. value that cannot be determined. 7. Which of the following accounts is not a temporary account? Unearned Revenue. Interest Expense Dividend Service Revenue.