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Question : 61. Rice Corporation’s attorney has provided the following summaries of three : 1228553

Accounting

 

61. Rice Corporation’s attorney has provided the following summaries of three lawsuits against Rice:
? Lawsuit A: The loss is probable, but the loss can’t be reasonably estimated.
? Lawsuit B: The loss is reasonably possible, but the loss can’t be reasonably estimated.
? Lawsuit C: The loss is reasonably possible and can be reasonably estimated.
Which of the following statements is correct? 
A. A disclosure note is required for each of the three lawsuits.
B. A disclosure note is required only for lawsuits A & C.
C. A disclosure note is required only for lawsuit A.
D. A disclosure note is required only for lawsuits B & C.

62. Rice Corporation’s attorney has provided the following summaries of three lawsuits against Rice:
? lawsuit A: The loss is probable, but the loss can’t be reasonably estimated.
? lawsuit B: The loss is reasonably possible, but the loss can’t be reasonably estimated.
? lawsuit C: The loss is reasonably possible and can be reasonably estimated.
Which of the following statements is incorrect? 
A. A disclosure note is required for Lawsuit A.
B. A disclosure note is required for lawsuit B.
C. A disclosure note is required for lawsuit C.
D. Lawsuit A is reported on the balance sheet as a liability.

63. Darwin Corporation’s attorney has provided the following summaries of three lawsuits against Darwin:
? lawsuit A: The loss is probable and the loss can be reasonably estimated.
? lawsuit B: The loss is reasonably possible and the loss can’t be reasonably estimated.
? lawsuit C: The loss is reasonably possible and the loss can be reasonably estimated.
Which of the following statements is incorrect? 
A. A disclosure note is required for lawsuit A.
B. A disclosure note is required for lawsuit C.
C. A disclosure note is not required for lawsuit B.
D. Lawsuit A is reported on the balance sheet as a liability.

64. Smith Corporation entered into the following transactions:
? Purchased inventory on account.
? Collected an account receivable.
? Purchased equipment using cash.
Which of the following statements is correct? 
A. The inventory purchase on account increased working capital.
B. Collecting an account receivable increases working capital.
C. The equipment purchase decreases working capital.
D. The inventory purchase on account increased the quick ratio.

65. Smith Corporation entered into the following transactions:
? Purchased inventory on account.
? Collected an account receivable.
? Purchased equipment using cash.
Which of the above transactions resulted in an increase in working capital? 
A. The inventory purchase on account.
B. Collecting an account receivable.
C. The purchase of equipment using cash.
D. None of the transactions resulted in an increase in working capital.

66. SRJ Corporation entered into the following transactions:
? The accrual of interest expense on a six-month note payable.
? Collected cash for services to be provided within the next six months.
? The accrual of revenue.
Which of the above transactions resulted in a decrease in working capital? 
A. The accrual of interest expense.
B. Collecting cash for services to be provided in the future.
C. The accrual of revenue.
D. Both the accrual of interest expense and the accrual of revenue.

67. SRJ Corporation entered into the following transactions:
? The accrual of interest expense on a six-month note payable.
? Collected cash for services to be provided within the next six months.
? The accrual of revenue.
Which of the above transactions resulted in an increase in working capital? 
A. The accrual of interest expense.
B. Collecting cash for services to be provided in the future.
C. The accrual of revenue.
D. Both the accrual of revenue and the collection of cash for future services.

68. SRJ Corporation entered into the following transactions:
? The accrual of interest expense on a six-month note payable.
? Collected cash for services to be provided within the next six months.
? The accrual of revenue.
Which of the following statements is correct with respect to determining the net cash flow from operating activities on a statement of cash flows? 
A. The accrual of interest expense is added to net income.
B. Collecting cash for services to be provided in the future is deducted from net income.
C. The accrual of revenue is added to net income.
D. Collecting cash for services to be provided in the future doesn’t require an adjustment to net income.

69. Rocket Corporation entered into the following transactions:
? The accrual of wages and salaries expense.
? The cash payment of a six-month note payable.
? The cash payment in advance for a one-year insurance policy.
Which of the following statements is correct with respect to determining Rocket’s working capital? Assume that Rocket’s operating cycle is four months. 
A. The accrual of wages and salaries expense decreases working capital.
B. The cash payment of the note payable decreases working capital.
C. The purchase of the insurance policy increases working capital.
D. The cash payments for the note and insurance both decrease working capital.

70. Rocket Corporation entered into the following transactions:
? The accrual of wages and salaries expense.
? The cash sale of equipment for a loss.
? The cash payment in advance for a one-year insurance policy.
Which of the following statements is correct with respect to determining Rocket’s cash flows from operating activities on the statement of cash flows? 
A. The accrual of wages and salaries expense is deducted from net income.
B. The loss on the equipment sale is deducted from net income.
C. The cash payment to purchase the insurance policy is deducted from net income.
D. The accrual of wages and the equipment loss are both deducted from net income.

 

 

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July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

default image
July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

default image
July 1, 2023
    

 

 

11. Which of the following is true about sequential research? 
A. It combines cross-sectional and longitudinal research.
B. It only assesses change in behavior over time, but does not assess differences among groups of people.
C. It only assesses differences among groups of people, but does not assess change in behavior over time.
D. The limitation of this technique is that it does not allow developmental psychologists to tease out the specific effects of age changes from other possible influential factors.

 

 

12. Maria is studying the effects of calcium on the development of children. So she administers varying levels of calcium to two groups of children, one group consisting of children aged five and the other group consisting of children aged ten. She studies the growth rate of these two groups regularly over a period of one year. On the basis of the given evidence, it would be most accurate to say that Maria is using _____ research design. 
A. only the cross-sectional
B. the sequential
C. only the longitudinal
D. the single case experimental

 

 

13. Which of the following statements CORRECTLY identifies an advantage or a disadvantage of the developmental researchers' research designs? 
A. Longitudinal - indicate changes in behavior over time
B. Sequential - quite inexpensive
C. Cross-sectional - considers a number of different age groups and examines them at several points in time
D. Cross-sectional - comparatively requires a greater time investment

 

 

14. Which of the following is a disadvantage associated with longitudinal research designs? 
A. It cannot deal with the problem of a cohort group.
B. It is time consuming.
C. It cannot assess change in behavior over time.
D. It cannot trace the behavior of more than two participants at a time.

 

 

15. The difference between cross-sectional research design and longitudinal research designs is that: 
A. Longitudinal studies assess change in behavior over time, whereas cross-sectional studies assess differences among groups of people.
B. Cross-sectional studies are more time consuming as compared to longitudinal studies.
C. Longitudinal research design does not allow the comparison of more than two participants while cross-sectional design allows for more comparisons.
D. Cross-sectional research is a combination of longitudinal research and sequential research.

 

 

16. The sequential research design can be seen as: 
A. essentially the same thing as a longitudinal design.
B. the opposite of the cross-sectional design.
C. unrelated to either the longitudinal or the cross-sectional design.
D. a combination of the cross-sectional and longitudinal designs.

 

 

17. _____ are rod-shaped structures that contain all basic hereditary information. 
A. Spleens
B. Chromosomes
C. Serotonins
D. Norepinephrines

 

 

18. A normal fertilized egg, or zygote, contains _____ pairs of chromosomes. 
A. 46
B. 21
C. 23
D. 2

 

 

19. Which of the following sequences correctly orders the units of genetics, from the smallest and most specific to the largest and most inclusive? 
A. DNA ? gene ? chromosome
B. DNA ? chromosome ? gene
C. gene ? DNA ? chromosome
D. gene ? chromosome ? DNA

 

 

20. One baby receives an X chromosome from its mother and an X chromosome from its father; it will develop as a _____. A second baby receives an X chromosome from its mother and a Y chromosome from its father; it will develop as a _____. 
A. male; female
B. female; male
C. male or a female; male or a female
D. female; female

 

 

 

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