External link to Question : 31. Which of the following is/are true? A. Subsequent to the acquisition of : 1230444

Question : 31. Which of the following is/are true? A. Subsequent to the acquisition of : 1230444

    31. Which of the following is/are true? A. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives in Other Comprehensive Income.B. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives but they have no effect on any lines of the statement of cash flows. C. As the derivative transaction settles, some of […]

External link to Question : 31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months : 1168954

Question : 31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months : 1168954

    31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months of advance rent on its store and immediately debited an asset account for the full amount. Select the adjusting entry made on December 31, to record the amount of rent that had expired.    A.      B.      C.      D.          32.A total of $8,000 in supplies […]

External link to Question : 41) Which of the following statements true of Kenton’s joint : 1211863

Question : 41) Which of the following statements true of Kenton’s joint : 1211863

  41) Which of the following statements is true of Kenton’s joint cost allocations? A) The gross margin is same for both products because constant gross margin percentage NRV method ignores profits earned before the splitoff point. B) One product can receive negative joint costs allocations to bring the other unprofitable product to the overall average gross margin. C) Kenton has chosen the easiest method […]

External link to Question : 87.A company purchased property for $100,000. The property included a : 1258927

Question : 87.A company purchased property for $100,000. The property included a : 1258927

    87.A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $62,000; the land at $35,000, and the parking lot at $18,000. Land should be recorded in the accounting records with an allocated cost of:     A.$0.   B.$30,435.   C.$35,000.   D.$46,087.   E.$100,000. $100,000 * [$35,000/($62,000 + $35,000 + $18,000)] = […]

External link to Question : 10) Spring Hill, Inc. sells merchandise to customers worldwide in : 1253248

Question : 10) Spring Hill, Inc. sells merchandise to customers worldwide in : 1253248

  10) Spring Hill, Inc. sells merchandise to customers worldwide in a highly competitive industry. During June, Spring Hill completed the following transactions: ? June 1: Purchased 200 units of merchandise for $11 each, FOB shipping point. ? June 1: Paid $205 of freight costs for the merchandise. ? June 3: Paid $1,200 to the local radio station for an advertising campaign related to the […]

External link to Question : Answer the following questions using the information below: Hanung Corp has : 1211843

Question : Answer the following questions using the information below: Hanung Corp has : 1211843

  Answer the following questions using the information below:   Hanung Corp has two service departments, Maintenance and Personnel. Maintenance Department costs of $300,000 are allocated on the basis of budgeted maintenance-hours. Personnel Department costs of $100,000 are allocated based on the number of employees. The costs of operating departments A and B are $160,000 and $240,000, respectively. Data on budgeted maintenance-hours and number of […]

External link to Question : 21) Which of the following incorporates the amount of investment : 1186236

Question : 21) Which of the following incorporates the amount of investment : 1186236

  21) Which of the following incorporates the amount of investment into a performance measure? A) dividend income B) residual income C) return on investment D) both residual income and return on investment E) both dividend income and residual   Use the information below to answer the following question(s).   Berger Publishing has two divisions which operate autonomously. Their results for the past year were […]

External link to Question : 41) Marshall University offers only high-tech graduate-level programs. Marshall has : 1211846

Question : 41) Marshall University offers only high-tech graduate-level programs. Marshall has : 1211846

  41) Marshall University offers only high-tech graduate-level programs. Marshall has two principal operating departments, Commerce and Social Sciences, and two support departments, Facility and Technology Maintenance and Enrollment Services. The base used to allocate facility and technology maintenance is budgeted total maintenance hours. The base used to allocate enrollment services is number of credit hours for a department. The Facility and Technology Maintenance budget […]

External link to Question : 161. Materials used by Square Yard Products Inc. in producing Division : 1239605

Question : 161. Materials used by Square Yard Products Inc. in producing Division : 1239605

    161. Materials used by Square Yard Products Inc. in producing Division 3’s product are currently purchased from outside suppliers at a cost of $5 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials needed by Division 3 at a variable cost of $3 per unit. A transfer price of $3.20 per unit […]

External link to Question : 21) Which of the following true of Zitriks’ overhead costing? A) : 1212084

Question : 21) Which of the following true of Zitriks’ overhead costing? A) : 1212084

  21) Which of the following is true of Zitriks’ overhead costing? A) Multiple cost pools are appropriate for Zitriks because of high direct costs. B) Single cost pool is appropriate for Zitriks because of high direct costs. C) Multiple cost pools are appropriate for Zitriks because of diverse support costs. D) Single cost pool is appropriate for Zitriks because of diverse support costs. 22) […]

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