External link to Question : 141. Preferred stock that the issuing corporation at its option may : 1225261

Question : 141. Preferred stock that the issuing corporation at its option may : 1225261

  141. Preferred stock that the issuing corporation at its option may retire by paying a specified amount to the preferred stockholders is called:  A. Convertible preferred stock. B. Callable preferred stock. C. Premium stock. D. Cumulative preferred stock. E. Participating preferred stock. 142. Achieving an increased return on common stock by paying dividends on preferred stock at a rate that is less than the rate of return earned with the assets […]

External link to Question : 80.Refer to the information above. The company’s annual payroll-related expenses : 1259422

Question : 80.Refer to the information above. The company’s annual payroll-related expenses : 1259422

    80.Refer to the information above. The company’s annual payroll-related expenses amount to approximately:    A. $1,085,600.   B. $1,181,850.   C. $1,250,700.   D. $900,000.       81.Refer to the information above. Employees’ annual “take-home-pay,” totals approximately:    A. $672,300.   B. $762,300.   C. $675,000.   D. $741,150.       82.Refer to the information above. Some of the payroll-related expenses incurred by Stone Corporation are mandated by law, rather than […]

External link to Question : 31. In December, 2011, Quebecor Printing received magazine subscriptions for 2012 : 1236238

Question : 31. In December, 2011, Quebecor Printing received magazine subscriptions for 2012 : 1236238

  31. In December, 2011, Quebecor Printing received magazine subscriptions for 2012 from a customer, who paid $500 in cash. What would be the appropriate journal entry for this event?  A. Debit Cash, $500; credit Subscription Revenue, $500. B. Debit Cash, $500; credit Unearned Revenue, $500. C. Debit Subscription Revenue, $200; credit Cash, $200. D. No journal entry is necessary. 32. At times, businesses require advance payments from customers that will […]

External link to Question : 181.Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, : 1258295

Question : 181.Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, : 1258295

    181.Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000. Calculate the ending equity.    A.$88,000.   B.$25,000.   C.$97,000.   D.$38,000.   E.$47,000. Ending Equity = Beginning Equity + Revenues – Expenses – DividendsEnding Equity = $72,000 + $90,000 – $65,000 – $9,000Ending Equity = $88,000       182.Doc’s Ribhouse had beginning equity […]

External link to Question : 111. In preparing a company’s statement of cash flows for the : 1225359

Question : 111. In preparing a company’s statement of cash flows for the : 1225359

  111. In preparing a company’s statement of cash flows for the most recent year, the following information is available:    Net cash flows from investing activities for the year were:  A. $134,000 of net cash used by investing activities. B. $134,000 of net cash provided by investing activities. C. $120,000 of net cash used by investing activities. D. $252,000 of net cash used by investing activities. E. $221,000 of net […]

External link to Question : 91. Which of the following accounts doesn’t have a credit balance? A. Gain : 1228488

Question : 91. Which of the following accounts doesn’t have a credit balance? A. Gain : 1228488

  91. Which of the following accounts doesn’t have a credit balance?  A. Gain on sale of land B. Investment income C. Unearned revenues D. Rent expense 92. On January 1, 2011 Gucci Brothers Inc. had a $500,000 credit balance in retained earnings and $600,000 balance in contributed capital. During 2011, the company earned net income of $100,000, declared a dividend of $15,000, and issued additional stock for $25,000. What is […]

External link to Question : 61.              Treyhas $105,000 now.  He has a loan of $175,000 : 1257495

Question : 61.              Treyhas $105,000 now.  He has a loan of $175,000 : 1257495

  61.              Treyhas $105,000 now.  He has a loan of $175,000 that he must pay at the end of 5 years.  He can invest his $105,000 at 10% interest compounded semiannually.  Will Treyhave enough to pay his loan at the end of the 5 years? 62.              Garcia BrassFixturesis planning on replacing one of its machines in five years by making a one-time deposit of $20,000 […]

External link to Question : 173. The adjusted trial balance contains information pertaining to: A. Asset accounts only.B. Balance : 1257834

Question : 173. The adjusted trial balance contains information pertaining to: A. Asset accounts only.B. Balance : 1257834

  173. The adjusted trial balance contains information pertaining to:  A. Asset accounts only. B. Balance sheet accounts only. C. Income statement accounts only. D. All general ledger accounts. E. Revenue accounts only. 174. Financial statements are typically prepared in the following order:  A. Balance sheet, statement of  retained earnings, income statement. B. Statement of  retained earnings, balance sheet, income statement. C. Income statement, balance sheet, statement of  retained earnings. D. Income statement, statement of  retained […]

External link to Question : 76. Goods in transit between the buyer and the seller belong : 1229809

Question : 76. Goods in transit between the buyer and the seller belong : 1229809

    76. Goods in transit between the buyer and the seller belong to:  A. The seller. B. The buyer. C. The freight company. D. The answer depends upon whether the goods were shipped F.O.B. shipping point or F.O.B. destination.     77. In a periodic inventory system, the cost of goods sold is determined as follows:  A. Year-end inventory, plus purchases during the year, less the inventory at the beginning of […]

External link to Question : 43.Most states require that the employer file the state return : 1168924

Question : 43.Most states require that the employer file the state return : 1168924

    43.Most states require that the employer file the state return for unemployment taxes    A. monthly.   B. quarterly.   C. annually.   D. each payroll period.         44.Tax returns for the federal unemployment tax are due    A. weekly.   B. monthly.   C. quarterly.   D. annually.         45.This preprinted government form is used to report federal unemployment taxes.    A. Form 940   B. Form 941   […]

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