External link to Question : 118.All of the following estimated liabilities except a. liability for vacation pay. b. : 1244456

Question : 118.All of the following estimated liabilities except a. liability for vacation pay. b. : 1244456

118.All of the following are estimated liabilities except   a. liability for vacation pay. b. property taxes liability. c. product warranty liability. d. payroll liabilities.       119.During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $32 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and […]

External link to Question : 51. Which of the following important when evaluating long-term investments? A. Investments must : 1251752

Question : 51. Which of the following important when evaluating long-term investments? A. Investments must : 1251752

    51. Which of the following is important when evaluating long-term investments?  A. Investments must earn a reasonable rate of return B. Employees are able to determine and propose capital equipment for their divisions or departments C. Proposals should match long term goals. D. All of the above.   52. Which of the following are present value methods of analyzing capital investment proposals?  A. Internal rate of return and average rate […]

External link to Question : 195.Prepare journal entries to record the following merchandising transactions of : 1258817

Question : 195.Prepare journal entries to record the following merchandising transactions of : 1258817

      195.Prepare journal entries to record the following merchandising transactions of Margin Company, Inc., which applies the perpetual inventory system. Margin Company, Inc. offers all of its credit customers credit terms of 2/10, n/30.  May 1Purchased merchandise from Craft Company for $7,800 under credit terms of 1/10, n/30, FOB shipping point, invoice dated May 1. May 2Purchased merchandise from Bow Company for $10,600 […]

External link to Question : 67. Bad Brad’s would report net cash inflows (outflows) from : 1255772

Question : 67. Bad Brad’s would report net cash inflows (outflows) from : 1255772

    67. Bad Brad’s would report net cash inflows (outflows) from investing activities in the amount of: a.$(4,000). b.$100. c.$(3,900). d.$(1,900).     68. Bad Brad’s would report net cash inflows (outflows) from financing activities in the amount of: a.$  1,100. b.$(1,100). c.$    820. d.$    900.     69. We can identify operating activities from income statement information and changes in a. Long-term asset […]

External link to Question : 11) Warranty expense debited in the period that: A) the product : 1212480

Question : 11) Warranty expense debited in the period that: A) the product : 1212480

  11) Warranty expense is debited in the period that: A) the product is repaired. B) the product is sold. C) the cash is collected from the customer. D) either the product is sold or the cash is collected. 12) What entry is required when a business estimates warranty payable each period based on sales revenue? A) Estimated Warranty Payable           Warranty Expense   B) […]

External link to Question : 111. The following adjusting journal entry was found page 4 of : 1234004

Question : 111. The following adjusting journal entry was found page 4 of : 1234004

  111. The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry.    Supplies Expense 360                  Supplies   360   ????????????????              A. Adjust supplies inventory to actualB. Record purchase of suppliesC. Adjust supplies expenseD. Record sale of supplies 112. The following adjusting journal entry was found on page 4 of the journal. […]

External link to Question : 151. Chou Co. has a net income of $43,000, assets at : 1257600

Question : 151. Chou Co. has a net income of $43,000, assets at : 1257600

  151. Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.  A. 8.4% B. 17.2% C. 14.3% D. 15.6% E. 1.5% 152. U. S. government bonds are:  A. High-risk and high-return investments. B. Low-risk and low-return investments. C. High-risk and low-return investments. D. Low-risk and high-return investments. E. High risk and no-return investments. 153. Risk […]

External link to Question : 75.A small stock dividend recorded at: A. Market value. B. Book value. C. : 1259491

Question : 75.A small stock dividend recorded at: A. Market value. B. Book value. C. : 1259491

    75.A small stock dividend is recorded at:    A. Market value.   B. Book value.   C. Par value.   D. No amount, just a memorandum entry is required.         76.Stock splits:    A. Allow management to conserve cash.   B. Give stockholders more shares.   C. Cause no change in total assets, liabilities, or stockholders’ equity.   D. Allow management to conserve cash, give stockholders more shares, and cause […]

External link to Question : 21) All of the following assumed in the above analysis : 1217165

Question : 21) All of the following assumed in the above analysis : 1217165

  21) All of the following are assumed in the above analysis EXCEPT: A) a constant product mix B) fixed costs increase when activity increases C) cost and revenue relationships are reflected accurately D) all costs can be classified as either fixed or variable Answer the following questions using the information below:   Franscioso Company sells several products. Information of average revenue and costs is […]

External link to Question : 31) Which of the following a correct numbering system for : 1230096

Question : 31) Which of the following a correct numbering system for : 1230096

  31) Which of the following is a correct numbering system for a chart of accounts? A) Accounts payable is numbered 153. B) Utilities expense is numbered 487. C) Accounts receivable is numbered 104. D) Sales revenue is numbered 809. 32) Which account has a normal debit balance? A) Salaries payable B) Common Stock C) Advertising Expense D) Service revenue   33) The normal balance […]

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