11) The budget period: A) must be for one year. B) can be for any length of time. C) must be for one month. D) is none of the above. 12) When reporting cash on the balance sheet, companies: A) show each bank account separately. B) combine cash with accounts receivable. C) include any restricted amounts. D) combine cash and cash equivalents. 13) […]
91.For depreciable property other than real estate, MACRS is based upon: A. The declining-balance method. B. The straight-line method. C. A 10-year recovery period. D. The depreciation method and recovery period used by the company in its financial statements. 92.Which of the following statements about MACRS is not correct? A. MACRS is the only accelerated depreciation method that may be used […]
91. Operating expenses directly traceable to or incurred for the sole benefit of a specific department and usually subject to the control of the department manager are termed: A. miscellaneous administrative expenses B. direct expenses C. indirect expenses D. fixed expenses 92. In evaluating the profit center manager, the income from operations should be compared: A. across profit centers B. to historical performance or budget C. to the competitor’s net income […]
225. Prepare a trial balance, listing the following accounts in proper sequence. The accounts (all normal balances) were taken from the ledger of Sophie Designs Co. on April 30, 2014. Accounts Payable $ 4,100 Rent Expense $ 1,500 Accounts Receivable 3,450 Salary Expense 14,000 Cash 6,700 Fees Earned 45,425 Capital Stock 10,000 Supplies 3,125 Dividends 7,500 Supplies Expense 1,700 Equipment […]
91. Given the Scavenger Company data, what is net income using absorption costing?A. $201,250B. $181,250C. $150,000D. $177,600E. $276,250 92. Given the Scavenger Company data, what is net income using variable costing?A. $201,250B. $181,250C. $150,000D. $177,600E. $276,250 Reference: 19_04 Cool Pools, a manufacturer of above ground pools, began operations on January 1 of the current […]
74.The normal balance of an account is the A. increase side of the account. B. decrease side of the account. C. the left side of the account. D. the right side of the account. 75.Identify the accounts below that would ALL appear on the balance sheet. A. Cash, Accounts Payable, Owner’s Capital (ending balance) B. Accounts Receivable, Accounts Payable, Fee Income […]
11.Which of the following is not a benefit of budgeting? A. Provides assurance that accounting records are in accordance with generally accepted accounting principles B. Coordinates the activities of the company by integrating the plans of all departments C. Requires managers to plan ahead and to formalize their objectives D. Sets realistic standards that serve as benchmarks for evaluating performance 12.One of […]
73.Which of the following statements is false? A)Resources representing supplies and prepaid items are classified in governmental funds as Nonspendable Fund balance. B)Capital Projects, debt service and permanent funds do not typically record budgets. C)Debt service and permanent funds do not record encumbrances. D)Principal of permanent funds is classified as Committed Fund Balance 74.With respect to Capital Projects Funds, which of the following is […]
141.Refer to the information above. The amount of bond interest expense recognized by Trego Company in 2016 with respect to these bonds is: A.$44,000. B.$42,000. C.$38,000. D.$36,000. ($1,000,000 × .04) – 2($20,000/10) = $3644,000 142.Refer to the information above. The carrying value of this liability in Trego Company’s December 31, 2016, balance sheet is: A.$1,000,000. B.$1,016,000. […]
51. Wigs and Torys Plc. is a leading operator of pubs and pub restaurants in the United Kingdom. It operates and franchises about 10 wine restaurants under the name Bottoms Up Bar, primarily in London. Suppose that in contracting with a franchisee of an Bottoms Up Bar wine restaurant, Wigs and Torys agrees to provide services, including site selection, décor design, marketing, advertising, and […]
Prior to posting your primary response to this discussion, watch The First Amendment (Links to an external site.) video and read the First Amendment (Links to an external site.) article, Free Speech and Democracy in the Video Age (Links to an external site.) article, and review all the one-page Supreme Court decisions listed in the Required Resources section.
What is symbolic speech, and is it protected by the First Amendment?
For example, Capital City has an ordinance that makes it a felony to burn or otherwise desecrate the city’s Great Seal. Another ordinance makes it a felony to use profane, obscene, or rude language in a city park or to wear any clothing with such language. Homer and his adult son, Bart, are angry at the government of Capital City for closing down their favorite donut shop for health code violations. In protest, they go to the park, where Homer burns the city flag containing the Great Seal. Bart is wearing a shirt that reads, “Support donuts, Death to the Capital City Health Department!!” Both are arrested.
Is their conduct protected by the First Amendment? Fully explain your answer. Be sure to support your answer with scholarly sources and appellate court opinions. Your initial post should be at least 250 words in length. Support your claims with examples from the required materials and/or other scholarly resources, and properly cite any references.
Guided Response: Respond to at least two of your classmates’ posts by Day 7. A substantive response advances the discussion in a meaningful way; merely agreeing with your classmates is not a substantive response.
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