External link to Question : 111. Department W had 2,400 units, one-third completed at the beginning : 1251558

Question : 111. Department W had 2,400 units, one-third completed at the beginning : 1251558

    111. Department W had 2,400 units, one-third completed at the beginning of the period, 14,000 units were transferred to Department X from Department W during the period, and 1,800 units were one-half completed at the end of the period.  Assume the completion ratios apply to direct materials and conversion costs. What is the equivalent units of production used to compute unit conversion cost on […]

External link to Question : 101. Under U.S. GAAP and IFRS reporting standards, management assesses the : 1230672

Question : 101. Under U.S. GAAP and IFRS reporting standards, management assesses the : 1230672

    101. Under U.S. GAAP and IFRS reporting standards, management assesses the firm’s assets for impairment at each reporting date by determining if impairment indicators are present. Impairment indicators do not include  A. the decline in the market value of an asset significantly beyond what would be expected because of use or the passage of time. B. significant adverse changes in the entity’s technological environment; C. significant adverse […]

External link to Question : 21. A tool that often used to depict the lines of : 1208318

Question : 21. A tool that often used to depict the lines of : 1208318

  21. A tool that is often used to depict the lines of authority and responsibility within a firm is:  A. A variance report. B. A responsibility report. C. A master budget. D. An organization chart. 22. Select the false statement regarding responsibility accounting (RA).  A. It calls for the preparation of reports containing detailed information regarding the performance of a responsibility center. B. It is most effective in a centralized business structure […]

External link to Question : 85.Fontaine and Monroe forming a partnership. Fontaine invests a building : 1236389

Question : 85.Fontaine and Monroe forming a partnership. Fontaine invests a building : 1236389

  85.Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for the building and for Fontaine’s Capital account are:    A.Building $250,000; […]

External link to Question : 121. Use the work sheet for Finley Company to answer the : 1251823

Question : 121. Use the work sheet for Finley Company to answer the : 1251823

    121. Use the work sheet for Finley Company to answer the questions that follow.  Finley CompanyWork SheetFor the Year Ended December 31, 2010 Adjusted Trial BalanceIncome StatementBalance Sheet Account TitleDebitCreditDebitCreditDebitCredit Cash48,00048,000 Accounts Receivable18,00018,000 Supplies6,0006,000 Equipment57,00057,000 Accum. Depr. – Equip.18,00018,000 Accounts Payable30,00030,000 Wages Payable6,0006,000 Capital Stock5,0005,000 Retained Earnings28,00028,000 Dividends3,0003,000 Fees Earned141,000141,000 Wages Expense63,00063,000 Rent Expense18,00018,000 Depreciation Expense15,00015,000 Totals228,000228,00096,000141,000132,00087,000 Net Income (Loss)45,00045,000 141,000141,000132,000132,000 The entry to […]

External link to Question : 41. _____ the unfair labor practice most frequently filed against employers. A. Refusal : 1250941

Question : 41. _____ the unfair labor practice most frequently filed against employers. A. Refusal : 1250941

    41. _____ is the unfair labor practice most frequently filed against employers.  A. Refusal to bargain by the employer B. Threatening employees with loss of their jobs or benefits C. Threatening to close down a plant if organized by a union D. Spying or pretending to spy on union meetings Refusal to bargain by the employer is the unfair labor practice most frequently filed (over half of all […]

External link to Question : 171.Zippy had cash inflows from operations $60,500; cash outflows from : 1258294

Question : 171.Zippy had cash inflows from operations $60,500; cash outflows from : 1258294

    171.Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financing of $25,000. The net change in cash was:     A.$38,500 increase.   B.$38,500 decrease.   C.$132,500 decrease.   D.$132,000 increase.   E.$11,500 decrease. Net Change in Cash = Cash Flows from Operating Activities + Cash Flows from Investing Activities + Cash Flows from Financing […]

External link to Question : 121. Assume in analyzing alternative proposals that Proposal F has a : 1251744

Question : 121. Assume in analyzing alternative proposals that Proposal F has a : 1251744

  121. Assume in analyzing alternative proposals that Proposal F has a useful life of six years and Proposal J has a useful life of nine years. What is one widely used method that makes the proposals comparable?  A. Ignore the fact that Proposal F has a useful life of six years and treat it as if it has a useful life of nine years. B. Adjust the […]

External link to Question : 101. Which of the following statements true regarding the amortization : 1255958

Question : 101. Which of the following statements true regarding the amortization : 1255958

    101. Which of the following statements is true regarding the amortization of intangible assets? a. The expected residual value of most intangible assets is zero. b. The service life of an intangible asset is always equal to its legal life. c. Intangible assets with a limited useful life are not amortized. d. In recording amortization, an accumulated amortization account is always used.   […]

External link to Question : 91. The Asian segment of a multinational company had a segment : 1256287

Question : 91. The Asian segment of a multinational company had a segment : 1256287

    91. The Asian segment of a multinational company had a segment return on assets of 60%. If the revenues and operating income of this segment were $17,000 million and $14,586 million, respectively, what is the segment’s average total assets amount? A. $24,310 millionB. $28,333 millionC. $52,643 millionD. $10,200 millionE. $8,751 million     92. The Midwest segment of a company had a segment return on assets of 13%. If the revenues […]

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