Question : 41.When an adjusting entry that recognizes accrued interest revenue recorded, a.assets : 1241827

Economics

41.When an adjusting entry that recognizes accrued interest revenue is recorded,

a.assets increase and liabilities increase.

b.shareholders’ equity increases and liabilities decrease.

c.assets decrease and liabilities decrease.

d.shareholders’ equity and assets increase.

42.All of the following statements are true except:

a.All economic events recorded in financial statementsmust be relevant.

b.All economic events recorded in financial statements must affect liabilities.

c.All economic events recorded in financial statements must be objectively measurable in monetary terms.

d.All economic events recorded in financial statements must maintain the equality of the accounting equation.

43.If the balance sheet is in balance,

a.assets must equal liabilities.

b.assets must exceed liabilities.

c.transactions recorded must be right.

d.errors may still exist.

44.Items and rights that a company acquires through objectively measurable transactions that can be used in the future to generate economic benefits are

a.liabilities.

b.assets.

c.contributing capital.

d.revenues.

45.Scottsdale Corp. received several invoices in the mail for oil changes performed on its company trucks during the last week of April. The total of the invoices was $900 and all are due on May 13. What entry should Scottsdale make at April 30 as a result of receiving the invoices?

a.Debit Accounts Receivable and credit Cash for $900.

b.Debit Maintenance Expense and credit Accounts Payable for $900.

c.Debit Maintenance Expense and credit Cash for $900.

d.Debit Prepaid Maintenance and credit Cash for $900.

46.Shareholders’ equity increases because of two primary reasons, which are the

a.sale of stock and the earning of income.

b.earning of income and the payment of dividends.

c.payment of dividends and payment of expenses.

d.collection of cash from customers and the payment of expenses to creditors.

47.Dobson Company sold stock for cash and received cash for services performed during the current month. Which of the following summarizes the income statement impact of these transactions for the current month?

a.Both the sale of stock and the performance of services increased revenues for the company.

b.Only the performance of services caused an increase in revenues.

c.Only the performance of services caused a decrease in revenues.

d.Only the sale of stock caused revenues to increase.

48.Subdivisions of assets, liabilities, and shareholders’ equity are called

a.revenues.

b.accounts.

c.contributed capital.

d.journals.

49.Which of the following sets of accounts is closed at the end of an accounting period?

a.Interest Expense, Interest Payable, Interest Receivable

b.Unearned Revenue, Sales Revenue, Interest Revenue

c.Interest Expense, Rent Revenue, Dividends

d.Retained Earnings, Sales Revenue, Unearned Revenue

50.The statement of cash flows provides information about

a.operating activities.

b.financing activities.

c.investing activities.

d.all of the above.

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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.