Question : 11) Hurricane Octavio caused $14,500 worth of damage to a : 1253052

Accounting

11) Hurricane Octavio caused $14,500 worth of damage to a warehouse in Idaho owned by Team Shirts. This loss would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) depreciation expense

D) income from continuing operations

12) Team Shirts sold its surfboard operations for $125,000 and incurred a loss of $47,000 on the sale. This loss would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) other revenues and expenses

D) income from continuing operations

13) On June 1, Team Shirts sold its surfboard operations and incurred a loss on the sale. This year’s operating income or loss from surfboard operations before June 1 would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) other revenues and expenses

D) income from continuing operations

14) Team Shirts sold its surfboard operations for $125,000 and made a profit of $12,000 on the sale. This gain would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) other revenues and expenses

D) continuing operations

15) Lee’s Lions had to shut down its store in Houston. There was no buyer, so Lee’s Lions sold the store equipment and closed out the business at a loss. This loss would be reported on the income statement as part of ________.

A) continuing operations

B) discontinued operations

C) extraordinary items

D) other revenues and expenses

16) Lee’s Lions had to shut down its store in Houston on July 31. This year’s operating income or loss from the store before July 31 would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) other revenues and expenses

D) income from continuing operations

17) A tornado in New York City caused $48,000 worth of damage to Out of Africa’s store and merchandise. The insurance company paid the business $50,000. The $2,000 gain would be reported on the income statement as part of ________.

A) discontinued operations

B) extraordinary items

C) other revenues and expenses

D) continuing operations

18) Generally accepted accounting principles require that discontinued operations be reported as ________.

A) part of regular operations

B) a before-tax line item separate from continuing operations

C) an after-tax line item separate from continuing operations

D) an extraordinary item

19) Which of the following items affects retained earnings but does not affect net income?

A) extraordinary items

B) declaring dividends

C) issuing stock

D) discontinued operations

20) Which of the following items affects total shareholders’ equity without being reported on the income statement?

A) purchase of treasury stock

B) extraordinary items

C) discontinued operations

D) repayment of long-term debt

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.