External link to Question : 71. One firm may have a lower earnings per share simply : 1230617

Question : 71. One firm may have a lower earnings per share simply : 1230617

    71. One firm may have a lower earnings per share simply because it has a   A. smaller dollar amount of common and preferred shares outstanding B. smaller number of common shares outstanding C. larger number of common shares outstanding D. smaller number of common and preferred shares outstanding E. larger number of common and preferred shares outstanding   72. Which of the following is true regarding the price-earnings ratio? […]

External link to Question : 21) A company should use the same denominator level capacity : 1212181

Question : 21) A company should use the same denominator level capacity : 1212181

  21) A company should use the same denominator level capacity for all the budgets and other purposes so as to facilitate comparability and avoid misrepresentation. 22) Match each of the following items with one or more of the denominator-level capacity concepts by putting the appropriate letter(s) by each item: a.Theoretical capacity b.Practical capacity c.Normal capacity utilization d.Master-budget capacity utilization   1.Reduces theoretical capacity by […]

External link to Question : 49.At the end of the current accounting period, Rodgers Co. : 1254520

Question : 49.At the end of the current accounting period, Rodgers Co. : 1254520

  49.At the end of the current accounting period, Rodgers Co. recorded depreciation of $25,000 on its equipment. The effect of this entry on the company’s balance sheet is to:    A. decrease assets and increase liabilities. B. decrease owners’ equity and increase liabilities. C. decrease assets and increase owners’ equity. D. decrease owners’ equity and decrease assets. 50.On January 1, 2013, Fritz Company purchased a truck that cost $38,000. […]

External link to Question : 71. Which of the following true? A. Management can sell securities with : 1230368

Question : 71. Which of the following true? A. Management can sell securities with : 1230368

    71. Which of the following is true?   A. Management can sell securities with unrealized holding gains (or losses) and transfer through net income to Retained Earnings the entire unrealized holding gain (or loss)—that is, management can affect the timing of gain or loss recognition in net income for securities available-for-sale, but not for trading securities. B. The timing ability is asymmetric in that impairment rules […]

External link to Question : 80.Which of the following true regarding the recording of long : 1255467

Question : 80.Which of the following true regarding the recording of long : 1255467

  80.Which of the following is true regarding the recording of long term debt in an enterprise fund? A)When revenue bonds are sold at par, Cash is debited and Bonds Payable is credited. B)The bonds would be reported in both an enterprise fund and in the government-wide statements. C)Both of the above. D)Neither of the above. 81.Norton County operated a landfill, and accounted for it […]

External link to Question : 171. The joint efforts of the FASB and the IASB to : 1245822

Question : 171. The joint efforts of the FASB and the IASB to : 1245822

    171. The joint efforts of the FASB and the IASB to set forth qualitative characteristics of financial reporting information have led to which of the following? A. fundamental qualitative characteristics, only B. enhancing qualitative characteristics, only  C. pervasive constraints, only  D. fundamental qualitative characteristics, enhancing qualitative characteristics, and pervasive constraints  E. none of the above   172. The joint efforts of the FASB and the IASB to set forth qualitative characteristics […]

External link to Question : 11) The entry to record the payment of a cash : 1171140

Question : 11) The entry to record the payment of a cash : 1171140

  11) The entry to record the payment of a cash dividend would include a: A) debit to Dividends Payable. B) debit to Retained Earnings. C) credit to Cash. D) Both A and C 12) On the date of record, the journal entry would include: A) a debit to Dividend Payable. B) a credit to Dividend Payable. C) a credit to Cash. D) No entry […]

External link to Question : 137.Granite Company purchased a machine costing $120,000, terms 1/10, n/30. : 1236328

Question : 137.Granite Company purchased a machine costing $120,000, terms 1/10, n/30. : 1236328

  137.Granite Company purchased a machine costing $120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were $2,000. The machine requires special mounting and wiring connections costing $10,000. When installing the machine, $1,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.     A.$129,800. B.$132,100. C.$130,800. D.$118,800. E.$120,100. 138.Wickland Company installs a […]

External link to Question : 170. The Stamping Department accepted Job 051507A May 15th to make : 1251544

Question : 170. The Stamping Department accepted Job 051507A May 15th to make : 1251544

  170. The Stamping Department accepted Job 051507A on May 15th to make 1,000 funnels.To complete the job they requisitioned 1,100 sheets at $1.20 per sheet and 1,150 grommets at $0.15 per set. The cost driver that the Stamping Department uses is drop-forge strokes which are counted on a machine mounted counter. $2.25 is applied as overhead for each drop-forge stroke.  Additionally $375.00 of overhead is […]

External link to Question : 51) ______ A) market pricing. B) single pricing. C) prorated transfer pricing. D) competition pricing : 1196207

Question : 51) ______ A) market pricing. B) single pricing. C) prorated transfer pricing. D) competition pricing : 1196207

  51) ______ A) market pricing. B) single pricing. C) prorated transfer pricing. D) competition pricing E) dual pricing. 52) The Transportation Division of Petrolia Paint Company can purchase paint from an independent producer at$18 per litre. The company has three divisions: Production, Transportation, and Paint. The company’s Transportation Division is currently buying paint from the Paint Division for$24 per litre. Transfer prices are based […]

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