External link to Question : Objective 20.2 1) Which of the following statements true of the : 1211972

Question : Objective 20.2 1) Which of the following statements true of the : 1211972

  Objective 20.2   1) Which of the following statements is true of the the economic order quantity decision model? A) The economic order quantity increases with higher demand and higher carrying costs and decreases with higher ordering costs. B) The simplest version of the economic order quantity model assumes there are only ordering costs, carrying costs, stockout costs, and purchasing costs.  C) It assumes […]

External link to Question : 101. Which of the following should be added to net income : 1239347

Question : 101. Which of the following should be added to net income : 1239347

    101. Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? A. depreciation expenseB. an increase in inventoryC. a gain on the sale of equipmentD. dividends declared and paid   102. The net income reported on the income statement for the current year was $250,000.  Depreciation recorded on fixed assets and amortization of patents for the year were […]

External link to Question : 49. A firm had retained earnings of $100,000 in 2012 and : 1197710

Question : 49. A firm had retained earnings of $100,000 in 2012 and : 1197710

    49. A firm had retained earnings of $100,000 in 2012 and $125,000 in 2013. The increase in retained earnings from 2012 to 2013 is A. 12.5 percent. B. 20 percent. C. 25 percent. D. 125 percent.   50. A company had income of $180,000 in 2012 and $240,000 in 2013. The increase in retained earnings from 2012 to 2013 is A. 133 percent. B. 33 percent. C. 25 percent. D. 125 percent.   […]

External link to Question : 117. A company had a tractor destroyed by fire. The tractor : 1258017

Question : 117. A company had a tractor destroyed by fire. The tractor : 1258017

    117. A company had a tractor destroyed by fire. The tractor originally cost $85,000 with accumulated depreciation of $60,000. The proceeds from the insurance company were $20,000. The company should recognize:  A. A loss of $5,000. B. A gain of $5,000. C. A loss of $20,000. D. A gain of $65,000. E. A gain of $20,000.     118. Natural resources are:  A. Consumable assets such standing timber, mineral deposits, and […]

External link to Question : Objective 11.7 1) Managers tend to favor the alternative that makes : 1211772

Question : Objective 11.7 1) Managers tend to favor the alternative that makes : 1211772

  Objective 11.7   1) Managers tend to favor the alternative that makes their performance look best. Therefore, they tend to focus on ________. A) how to implement the chosen alternative B) the measures used in the decision model C) the measures used in the performance evaluation model D) gathering the required information 2) Book value is defined as the ________. A) sum of the […]

External link to Question : 51.Denver Company prepares its statement of cash flows using the : 1253568

Question : 51.Denver Company prepares its statement of cash flows using the : 1253568

  51.Denver Company prepares its statement of cash flows using the direct method and engaged in the following transactions during 2010:      Denver retired bonds payable by issuing common stock.      Denver collected on a long-term note receivable.      Denver issued a stock dividend.      Denver recorded depreciation on fixed assets.      Denver paid interest on long-term debt. Which of these transactions or parts of […]

External link to Question : 91. Which of the following would not be a component of : 1228527

Question : 91. Which of the following would not be a component of : 1228527

  91. Which of the following would not be a component of the year-end inventory balance?  A. Freight-in costs B. Inventory inspection costs C. Inventory preparation costs D. Inventory related selling costs 92. Which of the following statements is correct?  A. Cost of goods available for sale is allocated between costs of goods sold and inventory at year-end. B. A purchase of inventory on credit increases both cost of goods available for sale […]

External link to Question : 158. The accountant for Franklin Company prepared the following list of : 1239227

Question : 158. The accountant for Franklin Company prepared the following list of : 1239227

  158. The accountant for Franklin Company prepared the following list of account balances from the company’s records for the year ended December 31, 2011:    Fees Earned $165,000   Cash $  30,000   Accounts Receivable 14,000   Selling Expenses 44,000   Equipment 64,000   Capital Stock 7,000   Accounts Payable 22,000   Retained Earnings 23,000   Salaries & Wages Expense 40,000   Prepaid Rent 2,000 […]

External link to Question : Answer the following question(s) using the information below: Springfield Corporation, whose : 1186239

Question : Answer the following question(s) using the information below: Springfield Corporation, whose : 1186239

  Answer the following question(s) using the information below:   Springfield Corporation, whose tax rate is 40%, has two sources of funds: long-term debt with a market value of $8,000,000 and an interest rate of 8%, and equity capital with a market value of $12,000,000 and a cost of equity of 12%. Springfield has two operating divisions, the Blue division and the Gold division, with […]

External link to Question : 87. The amortization of a bond discount: A. Decreases the carrying value of : 1229342

Question : 87. The amortization of a bond discount: A. Decreases the carrying value of : 1229342

    87. The amortization of a bond discount:  A. Decreases the carrying value of a bond and increases interest expense. B. Decreases the carrying value of a bond and decreases interest expense. C. Increases the carrying value of a bond and increases interest expense. D. Increases the carrying value of a bond and decreases interest expense.     88. Which of the following does not affect the market price of […]

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