External link to Question : 81) Tuttles Drive-In a fast-food restaurant that sells burgers and hot : 1196092

Question : 81) Tuttles Drive-In a fast-food restaurant that sells burgers and hot : 1196092

  81) Tuttles Drive-In is a fast-food restaurant that sells burgers and hot dogs in a 50’s environment. The fixed operating cost of the company is $8,000 per month. The owner wants all costs allocated to either the sale of burgers or hot dogs. Other items, mostly drinks and fries, are sold in equal proportions on a per order basis. The following information is provided […]

External link to Question : 31) A transfer pricing method should lead to which of the : 1196205

Question : 31) A transfer pricing method should lead to which of the : 1196205

  31) A transfer pricing method should lead to which of the following results? 31) ______ A) managers always acting in their own best interest B) managers acting in their own best interest and their decisions being in the long-term best interest of the company C) managers acting in their own best interest and their decisions being in the short-term best interest of the company […]

External link to Question : 111. For the year that just ended, a company reports net : 1234215

Question : 111. For the year that just ended, a company reports net : 1234215

  111. For the year that just ended, a company reports net income of $360,000. There are 500,000 shares authorized 100,000 issued, and 80,000 shares of common stock outstanding. What is the earnings per share?  A. $3.60 B. $4.00 C. $4.50 D. $4.00 112. Which of the following would be considered an “Other Comprehensive Income” item?  A. net income. B. extraordinary loss related to flood. C. gain on disposal of discontinued operations. D. unrealized loss […]

External link to Question : 71.Which of the following would not be used in computing : 1237490

Question : 71.Which of the following would not be used in computing : 1237490

    71.Which of the following would not be used in computing diluted earnings per share?    A. Preferred stock.   B. Convertible bonds.   C. Stock options.   D. Weighted-average number of shares of common stock outstanding during the year.         72.On January 1, 2015, Edward Corporation had 10,000 shares of $6 par value common stock and 10,000 shares of 8%, $100 par value convertible preferred […]

External link to Question : 11. Jensen CompanyJensen Company has the following information for the pay : 1224951

Question : 11. Jensen CompanyJensen Company has the following information for the pay : 1224951

    11. Jensen CompanyJensen Company has the following information for the pay period of December 15 – 31, 2012: Salaries $10,000   Federal income tax $1,500 State income tax $1,200   FICA $565           Refer to the information provided for Jensen Company. Salaries are paid on December 31, 2012. On December 31st, Cash would be recorded for: A. $8,500.B. $10,000.C. $6,735.D. $7,300.   12. Jensen CompanyJensen Company […]

External link to Question : 111. Harris Company had checks outstanding totaling $15,400 its May bank : 1239817

Question : 111. Harris Company had checks outstanding totaling $15,400 its May bank : 1239817

    111. Harris Company had checks outstanding totaling $15,400 on its May bank reconciliation. In June, Harris Company issued checks totaling $64,900. The June bank statement shows that $47,600 in checks cleared the bank in June. A check from one of Harris Company’s customers in the amount of $300 was also returned marked “NSF.” The amount of outstanding checks on Harris Company’s June bank reconciliation […]

External link to Question : 121. Finch Company began its operations March 31 of the current : 1246876

Question : 121. Finch Company began its operations March 31 of the current : 1246876

    121. Finch Company began its operations on March 31 of the current year.  Finch Co. has the following projected costs:   April May June Manufacturing costs(1) $156,800 $195,200 $217,600 Insurance expense (2) $1,000 $1,000 $1,000 Depreciation expense $2,000 $2,000 $2,000 Property Tax expense(3) $500 $500 $500         (1) 3/4 of the manufacturing costs are paid for in the month they are […]

External link to Question : 99.Refer to the information above. How should purchases, sales, and : 1259495

Question : 99.Refer to the information above. How should purchases, sales, and : 1259495

    99.Refer to the information above. How should purchases, sales, and depreciation of plant assets be classified in Hierarchy’s statement of cash flows for the current year? (Assume the direct method is used by Hierarchy.)    A. Purchases of plant assets are classified as operating activities; sales of plant assets are classified as financing activities; depreciation is classified as an operating activity.   B. Purchases of plant […]

External link to Question : 82. Dervish Industries, Inc.The comparative financial statements for Dervish Industries, Inc. : 1224837

Question : 82. Dervish Industries, Inc.The comparative financial statements for Dervish Industries, Inc. : 1224837

  82. Dervish Industries, Inc.The comparative financial statements for Dervish Industries, Inc. are provided below. All amounts are in thousands except for per share amounts.  Statements of Income and Retained Earnings for the Fiscal Years Ended:   June 30, 2012 June 30, 2011 June 30, 2010 Net sales $2,004,719 $1,937,021 $1,835,987 Other income 18,636 17,153 14,614   Total revenues 2,023,355 1,954,174 1,850,601 Cost of goods sold […]

External link to Question : 139.              Define the term “Revenue” and distinguish between that term : 1255421

Question : 139.              Define the term “Revenue” and distinguish between that term : 1255421

  139.              Define the term “Revenue” and distinguish between that term and “Other Financing Sources.”   140.              The Village of Lake George’s General Fund has the following net resources at December 31, 2014   ?$5,000 of prepaid insurance ?$ 25,000 of property taxes receivable – currently due and expected to be collected within 60 days ?$300,000 rainy day fund approved by the township governing board […]

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