External link to Question : 51) Consider the following INDEPENDENT situations for XYZ Company: a.The Allowance : 1230161

Question : 51) Consider the following INDEPENDENT situations for XYZ Company: a.The Allowance : 1230161

  51) Consider the following INDEPENDENT situations for XYZ Company: a.The Allowance for Uncollectible Accounts has a $1,200 credit balance prior to adjustment. Net credit sales during the year are $830,000 and 4% are estimated to be uncollectible. Accounts Receivable has a balance of $110,000 at the beginning of the year. b.The Allowance for Uncollectible Accounts has a $900 credit balance prior to adjustment. Based […]

External link to Question : 61. A company issued 8%, 15-year bonds with a par value : 1256378

Question : 61. A company issued 8%, 15-year bonds with a par value : 1256378

    61. A company issued 8%, 15-year bonds with a par value of $550,000. The current market rate is 8%. The journal entry to record each semiannual interest payment is: A.   Bond Interest Expense 22,000   Cash   22,000 B.   Bond Interest Expense 44,000   Cash   44,000 C.   Bond Interest Expense 555,000   Cash   555,000 D.   Bond Interest Expense 660,000   Bond Payable   […]

External link to Question : 127. Hutter Corporation declared a $0.50 per share cash dividend its : 1257674

Question : 127. Hutter Corporation declared a $0.50 per share cash dividend its : 1257674

  127. Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend payment is:  A. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B. Debit Common Dividends Payable $4,000; credit Cash $4,000. C. Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500. […]

External link to Question : 101. A business operated at 100% of capacity during its first : 1233844

Question : 101. A business operated at 100% of capacity during its first : 1233844

  101. A business operated at 100% of capacity during its first month, with the following results:  Sales (80 units)   $80,000 Production costs (100 units):       Direct materials $50,000     Direct labor 10,000     Variable factory overhead 5,000     Fixed factory overhead   2,000 67,000       Operating expenses:       Variable operating expenses $ 6,000     Fixed […]

External link to Question : Objective 15.1 1) The method that allocates costs in each cost : 1211842

Question : Objective 15.1 1) The method that allocates costs in each cost : 1211842

    Objective 15.1   1) The method that allocates costs in each cost pool using the same rate per unit is known as the ________. A) incremental cost-allocation method B) reciprocal cost-allocation method C) single-rate cost allocation method D) dual-rate cost-allocation method   2) The dual-rate cost-allocation method classifies costs in each cost pool into a ________. A) budgeted-cost pool and an actual-cost pool […]

External link to Question : 71._____ a generic term used to refer to organizational decisions : 1243225

Question : 71._____ a generic term used to refer to organizational decisions : 1243225

    71._____ is a generic term used to refer to organizational decisions that affect the nature of the vacancies for which people are recruited.    A. Budgetary policies   B. Personnel policies   C. Judicial policies   D. Fiscal policies   E. Monetary policies     72.Policies that state that either party in an employment relationship can terminate that relationship at any time, regardless of cause, are called _____.    A. due […]

External link to Question : 11) RH Corporation Stockholders’ Equity section includes the following information: Preferred : 1171125

Question : 11) RH Corporation Stockholders’ Equity section includes the following information: Preferred : 1171125

  11) RH Corporation Stockholders’ Equity section includes the following information:   Preferred Stock $11,000 Paid-in Capital in Excess of Par Value-Preferred 20,000 Common Stock 20,000 Paid-in Capital in Excess of Par Value-Common 4,000 Retained Earnings 7,000   Total paid-in capital is: A) $48,000. B) $55,000. C) $27,000. D) $21,000. 12) The Zonga Corporation Stockholders’ Equity section includes the following:   Preferred Stock $22,500 Common […]

External link to Question : SHORT ANSWER. Write the word or phrase that best completes each : 1196070

Question : SHORT ANSWER. Write the word or phrase that best completes each : 1196070

  SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 73) Chalet Ski & Patio manufactures a product that has two parts, X and Y. It is currently considering two alternative proposals related to parts X and Y. The first proposal is for buying part Y. This would free up some of the plant space for the manufacture […]

External link to Question : 91. Which of the following statements true about a sole proprietorship? A. The : 1228419

Question : 91. Which of the following statements true about a sole proprietorship? A. The : 1228419

  91. Which of the following statements is true about a sole proprietorship?  A. The owner and the business are separate legal entities but not separate accounting entities. B. The owner and the business are separate accounting entities but not separate legal entities. C. The owner and the business are separate legal entities and separate accounting entities. D. Most large businesses in this country are organized as sole proprietorships. 92. For […]

External link to Question : 117. On December 31, Strike Company has decided to trade-in one : 1227254

Question : 117. On December 31, Strike Company has decided to trade-in one : 1227254

    117. On December 31, Strike Company has decided to trade-in one of its batting cages for another one that has a cost of $500,000.  The seller of the batting cage is willing to allow a trade-in amount of $11,000. The initial cost of the old equipment was $215,000 with an accumulated depreciation of $185,000.  Depreciation has been taken up to the end of the […]

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