External link to Question : 41. Which of the following does not support managerial decisions involving : 1251764

Question : 41. Which of the following does not support managerial decisions involving : 1251764

    41. Which of the following does not support managerial decisions involving accurate product costing? A. product constraintsB. emphasis of a product lineC. product mixD. product price   42. Pinacle Corp. budgeted $300,000 of overhead cost for 2012. Actual overhead costs for the year were $290,000. Pinacle’s plantwide allocation base, machine hours, was budgeted at 50,000 hours. Actual machine hours were 40,000. A total of 100,000 units was budgeted to be […]

External link to Question : 21.Which one of the following ‘debt’ with the appearance of : 1253531

Question : 21.Which one of the following ‘debt’ with the appearance of : 1253531

  21.Which one of the following is ‘debt’ with the appearance of ‘equity’? a.Long-term debt with a rate of interest that depends upon the current prime rate of interest b.Long-term debt that can be converted into common stock c.Notes payable in ten years d.Convertible bonds 22.If preferred stock is cumulative, then a. preferred dividends are a percentage of corporate profits. b. dividends in arrears must […]

External link to Question : 111.On December 30, 2015, Varsity Corporation sold available for sale : 1237641

Question : 111.On December 30, 2015, Varsity Corporation sold available for sale : 1237641

    111.On December 30, 2015, Varsity Corporation sold available for sale marketable securities costing $800,000 for $860,000 cash. The securities were purchased on January 2, 2013 and the market value of the securities on December 31, 2013 and December 31, 2014 was $820,000 and $780,000, respectively. How much gain or loss will Varsity report in its income statement for the year ending December 31, […]

External link to Question : 61. A union reluctant to agree to wage increase changes to : 1250943

Question : 61. A union reluctant to agree to wage increase changes to : 1250943

    61. A union is reluctant to agree to wage increase changes to enhance job security if in the past it has made similar concessions but believes management has not stuck to its assurance of greater job security in return. The term that best describes this sub-process of labor-management negotiations is  A. distributive bargaining. B. integrative bargaining. C. attitudinal structuring. D. intraorganizational bargaining. Attitudinal structuring refers to the relationship […]

External link to Question : 11) The purchase of equipment account would be recorded in : 1212685

Question : 11) The purchase of equipment account would be recorded in : 1212685

11) The purchase of equipment on account would be recorded in the: A) cash payments journal. B) general journal. C) purchases journal. D) sales journal.   12) Entries in the purchases journal are posted to the: A) general ledger only. B) general ledger and the accounts payable subsidiary ledger. C) accounts payable subsidiary ledger and the purchases ledger. D) accounts payable subsidiary ledger only.   […]

External link to Question : 181. Complete the missing items in the following chart: Prepaid Expenses Examples : 1227133

Question : 181. Complete the missing items in the following chart: Prepaid Expenses Examples : 1227133

  181. Complete the missing items in the following chart: Prepaid Expenses Examples Adjusting Entry Financial Statement Impact if Adjusting Entry is Omitted Supplies,(a) Dr. Expense   Cr. Asset Income Statement:   Revenues: No effect   Expenses: Understated   Net income:  (b)Balance Sheet:   Assets:       (c)   Liabilities:   (d)   Stockholders’ equity:  Overstated Unearned Revenues Examples Adjusting Entry Financial Statement Impact if Adjusting Entry is Omitted Unearned rent,(e) (f) Income Statement:   Revenues: (g)   […]

External link to Question : 121. Use the work sheet for Finley Company to answer the : 1239727

Question : 121. Use the work sheet for Finley Company to answer the : 1239727

    121. Use the work sheet for Finley Company to answer the questions that follow.  Finley CompanyWork SheetFor the Year Ended December 31, 2014   Adjusted Trial Balance Income Statement Balance Sheet   Account Title Debit Credit Debit Credit Debit Credit   Cash 48,000       48,000     Accounts Receivable 18,000       18,000     Supplies 6,000       6,000 […]

External link to Question : 87.Which of the following would be considered a program revenue : 1255506

Question : 87.Which of the following would be considered a program revenue : 1255506

  87.Which of the following would be considered a program revenue in the Statement of     Activities of a local government? A)A grant from the state to construct utility plant. B)A motor fuel tax, restricted for road repairs. C)Both of the above. D)Neither of the above. 88.A government reported an Other Financing Source in the amount of $600,000 related to the sale of land in its […]

External link to Question : 61. Which financial statement reports operating performance for a specific period : 1245930

Question : 61. Which financial statement reports operating performance for a specific period : 1245930

    61. Which financial statement reports operating performance for a specific period of time?  A. Balance sheet B. Income statement C. Statement of changes in shareholders’ equity D. Statement of retained earnings E. Statement of Cash Flows   62. Under accrual accounting, revenues are recognized when  A. the firm has performed all, or most of, the services it expects to provide. B. the firm has received cash, or some other asset such as […]

External link to Question : 11) Calculate, from the following information accumulated by Bob Clark, : 1171328

Question : 11) Calculate, from the following information accumulated by Bob Clark, : 1171328

  11) Calculate, from the following information accumulated by Bob Clark, the adjusted cash balance at the end of April.   Bank statement ending cash balance $3,000 General ledger cash balance ending 4,250 Bank monthly service charge 45 Deposits in transit 2,500 Outstanding checks 1,500 NSF check returned with bank statement 205   A) $4,000 B) $4,250 C) $4,205 D) $5,500 12) Determine the adjusted […]

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