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 […]
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 […]
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 […]
36. If the ending inventory is overstated in the current year: A. Net income will be understated in the current year. B. Next year’s beginning inventory will also be overstated. C. Next year’s net income will be overstated. D. Next year’s beginning inventory will be understated. 37. In a periodic inventory system, recording a sale on account involves debiting which of the following accounts? A. Only Accounts Receivable. […]
25) At the end of its first year of business, Payless, Inc. had Sales of $800,000 and Cost of goods sold of $500,000 prior to a lower-of-cost-or-market write down. Payless reported its inventory at the lower market value of $90,000 instead of the cost of $100,000. The adjusting entry to record the write down included a decrease to Inventory and Cost of goods sold. […]
41. The corporation’s own stock that has been issued and then repurchased by the company is referred to as: A. Preferred Stock. B. Authorized Stock. C. Treasury Stock. D. Common Stock. 42. When treasury stock is resold at a gain, the difference between its cost and the cash received when resold: A. Increases net income. B. Increases stockholders’ equity. C. Has no effect on net income or stockholders’ equity. D. Increases net income but […]
111.In a business decision where there are ethical concerns, the preferred course of action should be one that: A.Is agreed upon by the most managers. B.Maximizes the company’s profits. C.Results in maintaining operations at the current level. D.Costs the least to implement. E.Avoids casting doubt on the decision maker and upholds trust. 112.If a company uses $1,300 of its cash to purchase supplies, the […]
165. ABC Printing Company uses a job order cost system. (a) Indicate the source of the data for debiting Work in Process for each of the following: (1) Direct materials requisitioned (2) Direct labor used (b) Indicate the source of the data for crediting Work in Process for jobs completed. (c) Present a list of the three controlling accounts […]
94.To compute trend percentages the analyst should: A. Select a base period, assign each item in the base period statement a weight of 100%, and then express financial numbers from other periods as a percent of their base period number. B. Subtract the analysis period number from the base period number. C. Subtract the base period amount from the analysis period amount, divide the result by the […]
41.After preparing a bank reconciliation, the collection of a note by the bank on a company’s behalf would be recorded with: A.A credit to Notes Receivable. B.A credit to Cash. C.A debit to Notes Receivable. D.A credit to Accounts Receivable. 42.After preparing a bank reconciliation, the service fee charged by the bank would be recorded with: A.A credit to Service Fees Expense. B.A debit […]
11.66
A carbon atom, with a half-full outer shell of electrons - four in a shell that can hold eight - readily shares its electrons with other atoms and forms a vast number of molecules, many of which are the organic molecules that form the bulk of living matter. Looking at the periodic table in the Study Area, what other element do you think might play a role like carbon in life forms on some other planet?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
11.58
The atoms that constitute your body are mostly empty space, and structures such as the chair you're sitting on are composed of atoms that are also mostly empty space. So why don't you fall through the chair?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces)
12.40
Your friend says that the primary difference between a solid and a liquid is the kind of atoms in the material. Do you agree or disagree, and why?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
12.46
What happens to the density of water when it freezes to become ice?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
12.64
Why is it easier to start a fire with kindling rather than with large sticks and logs of the same kind of wood?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
13.54
Why is blood pressure measured in the upper arm, at the elevation of your heart?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
14.55
When an air bubble rises in water, what happens to its mass, volume, and density?
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
14.100 Two identical balloons of the same volume are pumped up with air to more than atmospheric pressure and suspended on the ends of a stick that is horizontally balanced. One of the balloons is then punctured. Is the balance of the stick upset? If so, which way does it tip?
(Figure 1)
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
11.42
Your friend says that what makes one element distinct from another is the number of electrons about the atomic nucleus. Do you agree wholeheartedly, partially, or not at all? Explain.
Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
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