External link to Question : 198. On January 1, 2011, Cary Parsons established Cary’s Catering Service. : 1226933

Question : 198. On January 1, 2011, Cary Parsons established Cary’s Catering Service. : 1226933

  198. On January 1, 2011, Cary Parsons established Cary’s Catering Service.  Listed below are accounts to use for transactions (a) through (f), each identified by a number.  Following this list are the transactions that occurred during the first month of operations.  You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. […]

External link to Question : 101. Why do lessees tend to prefer the operating lease method : 1245674

Question : 101. Why do lessees tend to prefer the operating lease method : 1245674

    101. Why do lessees tend to prefer the operating lease method to the capital lease method?   A. The capital lease method results in larger long-term debt and debt-equity ratios during the life of a lease than the operating lease method. B. A larger debt ratio makes a firm appear more risky. C. The operating lease method  recognizes expense more slowly over the life of the lease […]

External link to Question : 81.Refer to the information above. The amount of cash paid : 1237492

Question : 81.Refer to the information above. The amount of cash paid : 1237492

    81.Refer to the information above. The amount of cash paid by Korman Corporation in 2015 for the purchase of marketable securities was:    A. $240,000.   B. $160,000.   C. $200,000.   D. $190,000.         82.Refer to the information above. The cash proceeds received by Korman Corporation in 2015 for the sale of marketable securities was:    A. $160,000.   B. $230,000.   C. $240,000.   D. $280,000. $240,000 + […]

External link to Question : 81. Frank Inc., has the following information available: Costs from Costs from : 1233776

Question : 81. Frank Inc., has the following information available: Costs from Costs from : 1233776

  81. Frank Inc., has the following information available:    Costs from Costs from   Beginning Inventory Current Period       Direct materials $2,500 $22,252 Conversion Costs   6,200 150,536       At the beginning of the period, there were 500 units in process that were 40 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the […]

External link to Question : 73.Transactions that provide cash to the business to carry its : 1169190

Question : 73.Transactions that provide cash to the business to carry its : 1169190

    73.Transactions that provide cash to the business to carry on its activities are    A. operating activities.   B. investing activities.   C. financing activities.   D. outflows or uses of cash.         74.Transactions for the acquisition or disposal of long-term assets are    A. operating activities.   B. investing activities.   C. financing activities.   D. outflows or uses of cash.         75.Polyglot Services, Inc. sold […]

External link to Question : 108.Mary Martin, the owner of Martin Consulting, started the business : 1236628

Question : 108.Mary Martin, the owner of Martin Consulting, started the business : 1236628

  108.Mary Martin, the owner of Martin Consulting, started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting will make to record the transaction.     A. B. C. D. E. 109.If cash is received from customers in payment for products or services that have not yet been delivered to the customers, the business would record the cash receipt as: […]

External link to Question : 81. The entry to record the issuance of common stock at : 1239270

Question : 81. The entry to record the issuance of common stock at : 1239270

    81. The entry to record the issuance of common stock at a price above par includes a debit to   A. Organizational Expenses B. Common Stock C. Cash D. Paid-In Capital in Excess of Par-Common Stock   82. Merritt Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock.  The stock is widely traded and selling for […]

External link to Question : 51) On January 4, 2012, Peggy’s Cafe acquired equipment for : 1230206

Question : 51) On January 4, 2012, Peggy’s Cafe acquired equipment for : 1230206

  51) On January 4, 2012, Peggy’s Cafe acquired equipment for $180,000. The estimated life of the equipment is 4 years or 42,500 hours. The estimated residual value is $10,000. What is the depreciation for 2012, if Peggy’s Cafe uses the asset 14,100 hours and uses the units-of-production method of depreciation? A) $12,056 B) $56,400 C) $59,717 D) $170,000             […]

External link to Question : 111. The budgeted finished goods inventory and cost of goods sold : 1246875

Question : 111. The budgeted finished goods inventory and cost of goods sold : 1246875

    111. The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2010 are as follows: January 1 finished goods, $765,000; December 31 finished goods, $540,000; cost of goods sold for the year, $2,560,000. The budgeted costs of goods manufactured for the year is?  A. $1,255,000 B. $2,335,000 C. $2,785,000 D. $3100,000   112. The budgeted finished goods inventory and cost of goods […]

External link to Question : 71.Which of the following true of individual incentives? A.They contribute to : 1243115

Question : 71.Which of the following true of individual incentives? A.They contribute to : 1243115

    71.Which of the following is true of individual incentives?    A.They contribute to a more disintegrated workforce.   B.They are helpful in the pursuit of total quality management objectives.   C.They encourage employees to go beyond the call of duty.   D.They reduce the motivation of acquiring multiple skills and proactive problem solving.   E.They must be continuously earned and re-earned.     72.In […]

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