Answer
1. [Answer] C. Analysis: Company A's operating profit in May 2019=50-40-5+5+6=16 (ten thousand yuan), income tax expense affects net profit, not operating profit.
2. [Answer] D. Analysis: Non operating income refers to various gains recognized by enterprises that are not directly related to their daily activities, mainly including gains from the destruction and retirement of non current assets, government subsidies that are not related to their daily activities, inventory gains, donation gains, debt restructuring gains, etc. Inventory gain of fixed assets is recorded in the "Profit and Loss Adjustment of Previous Years" account.
3. [Answer] C. Analysis: under the account settlement method, a transfer voucher must be prepared at the end of each month to transfer the balance of all profit and loss accounts settled in the account to the "profit of the year" account.
4. [Answer] C. Analysis: Company A is performing its obligations within a certain period of time. By December 31, 2019, the revenue that Company A should recognize=1000 × 50%=5 million yuan.
5. [Answer] B. Analysis: The content of period expense accounting includes sales expense, management expense and financial expense. The estimated loss of product quality assurance is included in the selling expenses, the depreciation of fixed assets used for workshop management, and the wages of workshop management personnel are included in the manufacturing expenses. The commercial discount incurred in selling goods is directly deducted when the sales revenue is recognized.
