External link to Question : 121.Total stockholders’ equity of Tucker Company $4,000,000. The fair market : 1237688

Question : 121.Total stockholders’ equity of Tucker Company $4,000,000. The fair market : 1237688

  121.Total stockholders’ equity of Tucker Company is $4,000,000. The fair market value of Tucker’s net identifiable assets (assets less liabilities) is $5,000,000. Empire Corporation makes an offer to purchase Tucker’s entire business for $5,800,000. In this situation:    A. Tucker Company should report goodwill of $800,000 in its balance sheet.   B. Tucker Company should report goodwill of $1,800,000 in its balance sheet.   C. Empire Corporation is […]

External link to Question : 51. On September 1, 2015, Daylight Donuts signed a $100,000, : 1256005

Question : 51. On September 1, 2015, Daylight Donuts signed a $100,000, : 1256005

  51. On September 1, 2015, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2016. Daylight Donuts should report interest payable at December 31, 2015, in the amount of: a.$0.   b.$1,500. c.$3,000. d.$4,500.     52. On September 1, 2015, Daylight Donuts signed a $100,000, 9%, six-month note payable […]

External link to Question : 51. The primary objective of financial accounting is: A. To serve the decision-making : 1256349

Question : 51. The primary objective of financial accounting is: A. To serve the decision-making : 1256349

    51. The primary objective of financial accounting is:  A. To serve the decision-making needs of internal users. B. To provide financial statements to help external users analyze and interpret an organization’s activities. C. To monitor and control company activities. D. To provide information on both the costs and benefits of managing products and services. E. To know what, when and how much to produce.     52. Internal users of […]

External link to Question : 91. Authoritative guidance requires firms that account for notes and bonds : 1245673

Question : 91. Authoritative guidance requires firms that account for notes and bonds : 1245673

    91. Authoritative guidance requires firms that account for notes and bonds using the _____ market interest rate to report the carrying values, or book values, on the balance sheet and to disclose the _____ of these notes and bonds in notes to the financial statements.  A. average; historical market interest rates B. historical; future value C. current; future value D. historical, fair value E. current; historical market interest rates […]

External link to Question : 71.Which of the following approaches pursues efficiency primarily by making : 1243212

Question : 71.Which of the following approaches pursues efficiency primarily by making : 1243212

    71.Which of the following approaches pursues efficiency primarily by making a job so simple that anyone can be trained quickly and easily to perform it?    A.The motivational approach   B.The mechanistic approach   C.The biological approach   D.The perceptual-motor approach   E.The ergonomic approach     72.Which of the following is true of an organization that follows the mechanistic approach?    A.The jobs are […]

External link to Question : 121. The net book value of a fixed asset determined by A. Original : 1247024

Question : 121. The net book value of a fixed asset determined by A. Original : 1247024

  121. The net book value of a fixed asset is determined by  A. Original cost less accumulated depreciation B. Original cost less depreciation expense C. Original cost less accumulated depreciation plus depreciation expense D. Original cost plus accumulated depreciation 122. The balance in the supplies account, before adjustment at the end of the year is $725.  The proper adjusting entry if the amount of supplies on hand at the end […]

External link to Question : 33.Under the Allowance Method of accounting for uncollectible accounts, a : 1168987

Question : 33.Under the Allowance Method of accounting for uncollectible accounts, a : 1168987

    33.Under the Allowance Method of accounting for uncollectible accounts, a firm should base their estimate of uncollectible accounts on all of the following EXCEPT:    A. net credit sales for the year   B. total current assets as of the end of the year   C. total accounts receivable at the end of the year   D. aging of accounts receivable at the end of the year   […]

External link to Question : 21.Publicstockexchanges a. operated by managers of a company. b. markets that sell : 1253474

Question : 21.Publicstockexchanges a. operated by managers of a company. b. markets that sell : 1253474

  21.Publicstockexchanges a. are operated by managers of a company. b. are markets that sell annual reports. c. provide a forum for buying and selling of equity interests in other companies. d. are used to evaluate debt and equity investments. 22.A statement that “the financial statements were prepared in accordance with generally accepted accounting principles” is found in the a. collateral. b. stock market. c. […]

External link to Question : 139. The estimated total factory overhead cost and total machine hours : 1233784

Question : 139. The estimated total factory overhead cost and total machine hours : 1233784

  139. The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $225,000 and 56,250 respectively.  During January, the first month of the current year, actual machine hours used totaled 5,100 and factory overhead cost incurred totaled $19,800.  (a) Determine the factory overhead rate based on machine hours. (b) Present the entry to apply factory overhead to production […]

External link to Question : 66. The standard costs and actual costs for direct materials for : 1227013

Question : 66. The standard costs and actual costs for direct materials for : 1227013

    66. The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows:  Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75         Actual Costs Direct materials 2,500 kilograms @ $8     The amount of direct materials price variance is: A. $1,875 unfavorableB. $1,950 favorableC. $1,875 favorableD. $1,950 unfavorable   67. The standard costs and actual […]

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