External link to Question : 36) The entry to close the revenue account(s) was entered : 1177398

Question : 36) The entry to close the revenue account(s) was entered : 1177398

  36) The entry to close the revenue account(s) was entered in reverse—Income Summary was debited and the revenue account(s) was/were credited. The result of this error is that: A) before closing it, Income Summary will have a credit balance. B) before closing it, Income Summary will have a debit balance. C) the assets will be overstated. D) the liabilities will be overstated.   37) […]

External link to Question : 81. Analysts deciding between investments must consider the comparative risks. Which : 1245955

Question : 81. Analysts deciding between investments must consider the comparative risks. Which : 1245955

    81. Analysts deciding between investments must consider the comparative risks. Which of the following is/areindustry-wide factors that affect the risk of business firms?  A. increased competition B. increased government regulatory actions, such as anti-trust or clean environment policies C. changes in technology D. lack of availability of raw materials E. all of the above   82. Analysts deciding between investments must consider the comparative risks. Which of the following is/are […]

External link to Question : 43. The use of inexpensive, low quality, materials often results in: A. A : 1229637

Question : 43. The use of inexpensive, low quality, materials often results in: A. A : 1229637

    43. The use of inexpensive, low quality, materials often results in:  A. A favorable materials quantity variance. B. A favorable labor rate variance. C. An unfavorable materials quantity variance. D. An unfavorable materials price variance.     44. Excessive overtime hours worked by direct labor workers often results in:  A. An unfavorable labor rate variance. B. A favorable labor rate variance. C. A favorable materials price variance. D. An unfavorable materials price variance. […]

External link to Question : 73.If manufacturing overhead applied at a rate of $1.50 per : 1169249

Question : 73.If manufacturing overhead applied at a rate of $1.50 per : 1169249

    73.If manufacturing overhead is applied at a rate of $1.50 per direct labor dollar and the Department B worker had worked 200 hours at $12 an hour on Job L1147, then the applied overhead would be    A. $3,600.   B. $18.   C. $300.   D. $2,400.       74.Job Z2 requires $1,200 of material, $100 of which is indirect material. If manufacturing overhead is applied […]

External link to Question : 121.              The following transactions occurred in the General Fund of : 1255435

Question : 121.              The following transactions occurred in the General Fund of : 1255435

  121.              The following transactions occurred in the General Fund of Smyth County.  Prepare the journal entry(s) as instructed for each. Assume each item is independent of each other. A.              The total estimated revenue budget for 2014 is $11,000,000 and the total appropriations for 2014 are $9,500,000. Total planned transfer to debt service funds for 2014 is $800,000. Record the budget (without subsidiary ledger detail) […]

External link to Question : 81. Which of the following desired outcomes of downsizing least likely : 1250969

Question : 81. Which of the following desired outcomes of downsizing least likely : 1250969

    81. Which of the following desired outcomes of downsizing is least likely to be achieved?  A. Increased innovation B. Increased customer satisfaction C. Avoidance of a takeover D. Improved cash flows According to the table 2.3 Effects of Downsizing on Desired Outcomes, improved cash flows is the least likely desired outcome of downsizing to be achieved.     82. Which of the following is NOT one of the results […]

External link to Question : 31.If a company’s collection period for accounts receivable considered to : 1253648

Question : 31.If a company’s collection period for accounts receivable considered to : 1253648

  31.If a company’s collection period for accounts receivable is considered to be excessively long, then a. the company may want to invest excess cash from receivable collections in the stock market. b. the company might examine its billing procedures in order to expedite collection from customers. c. customer returns should be disallowed in order to increase the collection of cash. d. cash flows from […]

External link to Question : 71. Current liabilities A. are obligations that a firm expects to pay or : 1230515

Question : 71. Current liabilities A. are obligations that a firm expects to pay or : 1230515

    71. Current liabilities  A. are obligations that a firm expects to pay or discharge during the normal operating cycle of the firm, usually one year B. includes liabilities to merchandise suppliers, employees, and governmental units C. includes notes and bonds payable to the extent that they will require the use of current assets within the next year D. all of the above E. none of the above   72. If […]

External link to Question : 35) Which of the following statements concerning CCA TRUE? 35) ______ A) the : 1196195

Question : 35) Which of the following statements concerning CCA TRUE? 35) ______ A) the : 1196195

  35) Which of the following statements concerning CCA is TRUE? 35) ______ A) the amortization method used does not affect cash outflows B) the accounting book value for all assets in a class equals the UCC for that class C) the total CCA available over the life of the asset depends on the method of amortization used D) the amortization method used does not […]

External link to Question : 87.All of the following examples of intangible assets, except a. goodwill. b. : 1244341

Question : 87.All of the following examples of intangible assets, except a. goodwill. b. : 1244341

87.All of the following are examples of intangible assets, except   a. goodwill. b. trademarks. c. franchises. d. coal mines.       88.A company should classify land held for a planned manufacturing facility as   a. a current asset. b. an intangible asset. c. an investment. d. property, plant, and equipment.       89.Which of the following should be classified as an intangible […]

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