External link to Question : 81.Refer to the information above. If the Cash balance at : 1259612

Question : 81.Refer to the information above. If the Cash balance at : 1259612

    81.Refer to the information above. If the Cash balance at December 31, 2014 is $67,500, the Notes Payable balance is:    A. $118,750.   B. $47,500.   C. $137,500.   D. $140,000.       82.Refer to the information above. If the Cash balance at December 31, 2014 is $62,500 then Total Liabilities amounts to:    A. $42,500.   B. $140,000.   C. $45,000.   D. $182,500.       83.Which of the […]

External link to Question : 11) Journal entries crediting Payroll Payable and debiting Work-in-Process Inventory : 1171261

Question : 11) Journal entries crediting Payroll Payable and debiting Work-in-Process Inventory : 1171261

  11) Journal entries crediting Payroll Payable and debiting Work-in-Process Inventory are made for: A) administrative salaries. B) hourly manufacturing labor. C) foremen’s salaries. D) raw materials. 12) The entry for indirect materials (such as glue, etc.) requisitioned for use in production is: A) Raw Materials Inventory Work-in-Process Inventory   B) Manufacturing Overhead – Control Supplies Inventory   C) Work-in-Process Inventory Raw Materials Inventory   […]

External link to Question : Multiple Choice Questions 24.If a company uses the periodic inventory system, : 1220474

Question : Multiple Choice Questions 24.If a company uses the periodic inventory system, : 1220474

  Multiple Choice Questions 24.If a company uses the periodic inventory system, purchases of merchandise are   A.debited to Merchandise Inventory. B.credited to Merchandise Inventory. C.debited to Purchases. D.credited to Sales. 25.On the financial statements prepared at the end of an accounting period, the merchandise inventory is shown as   A.a liability on the balance sheet. B.revenue on the income statement. C.an asset on the balance sheet. […]

External link to Question : 1.With respect to the difference between taxable income and pretax : 1242697

Question : 1.With respect to the difference between taxable income and pretax : 1242697

  1.With respect to the difference between taxable income and pretax accounting income, the tax effect of the undistributed earnings of a subsidiary included in consolidated income should normally be a.Accounted for as a timing difference b.Accounted for as a permanent difference c.Ignored because it must be based on estimates and assumptions d.Ignored because it cannot be presumed that all undistributed earnings of a subsidiary […]

External link to Question : 11) Which of the following statements true of a testifying : 1222556

Question : 11) Which of the following statements true of a testifying : 1222556

  11) Which of the following statements is true of a testifying economic expert in civil litigation? A) The expert is responsible for preparing or reviewing a report and critiquing the opposing expert’s report when engaged by the defendant’s counsel. B) The primary role of an economic expert in a damages claim is to punish a defendant’s intentional or reckless behavior. C) An economic expert […]

External link to Question : Essay Questions 116.Accounting terminologyListed below eight technical accounting terms emphasized in : 1237608

Question : Essay Questions 116.Accounting terminologyListed below eight technical accounting terms emphasized in : 1237608

  Essay Questions   116.Accounting terminology Listed below are eight technical accounting terms emphasized in this chapter:    In the space provided for each statement, indicate the accounting term described. ______ a. The generally accepted accounting principle of providing with financial statements any information that users need to interpret those statements properly. ______ b. A trial balance prepared after all closing entries have been posted. […]

External link to Question : 173.The adjusted trial balance contains information pertaining to: A.Asset accounts only. B.Balance : 1258762

Question : 173.The adjusted trial balance contains information pertaining to: A.Asset accounts only. B.Balance : 1258762

    173.The adjusted trial balance contains information pertaining to:    A.Asset accounts only.   B.Balance sheet accounts only.   C.Income statement accounts only.   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, […]

External link to Question : 51) Depreciation of equipment was recorded twice this period. would: A) : 1171294

Question : 51) Depreciation of equipment was recorded twice this period. would: A) : 1171294

  51) Depreciation of equipment was recorded twice this period. This would: A) overstate expenses and overstate assets. B) overstate expenses and understate assets. C) understate expenses and overstate assets. D) understate assets and understate assets. 52) Adjusting the supplies account will: A) decrease the total assets and increase the total expenses. B) decrease the total assets and decrease the total expenses. C) increase the […]

External link to Question : 11.Available-for-sale securities: a.are reported the balance sheet at original cost. b.may have : 1253682

Question : 11.Available-for-sale securities: a.are reported the balance sheet at original cost. b.may have : 1253682

  11.Available-for-sale securities: a.are reported on the balance sheet at original cost. b.may have unrealized price increases or decreases, which increase or decrease shareholders’ equity. c.are reported in the shareholders’ equity section of the balance sheet at fair value. d.may have unrealized gains or losses on the income statement associated with price increases or decreases. 12.When a company recognizes unrealized losses on trading securities, its […]

External link to Question : 91. If Department H had 600 units, 60% completed, in process : 1226864

Question : 91. If Department H had 600 units, 60% completed, in process : 1226864

    91. If Department H had 600 units, 60% completed, in process at the beginning of the period, 8,000 units were completed during the period, and 500 units were 30% completed at the end of the period, what was the number of equivalent units of production for the period if the first-in, first-out method is used to cost inventories? A. 7,790B. 8,390C. 8,600D. 8,000   92. If Department K had 2,500 […]

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