91.Refer to the information above. How much of the first payment made on December 31, Year 1, represents interest expense? A.$2,400. B.$400. C.$2,304. D.$2,000. 1% × $200,000 = $2,000 92.Refer to the information above. The total liability related to this mortgage reported in Bradley’s balance sheet at December 31, Year 1, is: A.$432,100. B.$199,600. C.$194,923. […]
157. The amount of Austin’s interest expense on this bond issue during Year 2 amounts to: A. $400,000. B. $450,000. C. $360,000. D. $600,000. Salem Co. has outstanding $100 million of 7% bonds, due in 7 years, and callable at 104. The bonds were issued at par and are selling today at a market price of 94. 158. If Salem Co. retires $10 million of these […]
55. Harvey and Quick have decided to form a partnership. Harvey is going to contribute a depreciable asset to the partnership as his equity contribution to the partnership. The following information regarding the asset to be contributed by Harvey is available: Historical cost of the asset$76,000 Accumulated depreciation on the asset$40,000 Note payable secured by the asset*$18,000 Agreed-upon market value of the asset$45,000 *will […]
Essay Questions 178. Accounting terminology Listed below are nine technical accounting terms emphasized in this chapter. Mark-to-market Factoring Direct write-off Financial asset Cash equivalent Bank reconciliation Allowance for doubtful accounts Accounts receivable turnover Uncollectible accounts expense Each of the following statements may (or may not) describe one of these technical terms. In the space provided below each statement, indicate […]
41. Both U.S. GAAP and IFRS permit considerable flexibility with respect to the display of information in the statement of cash flows. Firms must report the beginning and ending cash balances, and the change in the cash balance. The change in cash must reconcile to the sum of the cash inflows and outflows from _____ activities. A. operating B. investing C. financing D. operating, investing, and financing […]
Multiple Choice Questions 32. Which of the following statements is not correct? A. The description of a journal entry should include a reference to the source of the information contained in the entry. B. If goods are purchased on credit, the supplier’s invoice number is used as the source document for the transaction. C. The credit portion of a general journal entry is always recorded first. D. A […]
71. Which of the following is included in the cash flows from financing activities section of the statement of cash flows? A. Interest revenue. B. Sale of equipment. C. Interest expense. D. Purchase of treasury stock. E. Purchase of stock in another company. 72. Cash flows from interest received on loans are reported in the statement of cash flows as part of: A. Operating activities. B. Financing activities. C. Investing activities. D. Noncash activities. E. None […]
71. Often, the parent does not own 100% of the voting stock of a consolidated subsidiary. The parent refers to the owners of the remaining shares of voting stock as a A. noncontrolling interest.B. nonconsolidated group.C. consolidated subsidiary.D. noninfluential interest.E. nonvoting interest. 72. The consolidated income statement shows A. all of the parent’s and the subsidiary’s revenues less all of the parent’s and the subsidiary’s expenses, plus or minus intercompany sales, […]
71.Which of the following statements is true of disparate treatment and disparate impact? A.The discriminating individual’s intent is irrelevant in disparate treatment. B.For there to be discrimination under disparate treatment, there has to be intentional discrimination. C.A selection practice that results in disparate impact is necessarily illegal in nature. D.The four-fifths rule for discrimination is not applicable to disparate impact. […]
153.Which of the following assets is not depreciated? A.Store fixtures. B.Computers. Land. D.Buildings. E.Equipment. 154.Which of the following does not require an adjusting entry at year-end? A.Accrued interest on notes payable. B.Supplies used during the period. Cash invested by stockholder. D.Accrued wages. E.Expired portion of prepaid insurance. […]
MULTIPLE CHOICE
1.Which of the following is true about the early stages of international involvement in firms with little or no formal organization?
a.All transactions are subject to a single standardized procedure.
b.Domestic operations assume responsibility for international marketing activities.
c.Consolidation of information and authority over international sales is undertaken.
d.The share of international operations in the sales of the corporation is initially high.
2.The _____ centralizes in one entity, with or without separate incorporation, and accepts all of the responsibility for worldwide activities.
a.export department structure
b.global division
c.international division
d.hybrid structure
3.Which of the following is true about international divisions?
a.The international division centralizes in several entities, without separate incorporation, and accepts all of the responsibility for international activities.
b.To avoid situations in which the international division is at a disadvantage in competing for production and related services, corporations need to coordinate between domestic and international operations.
c.The international division best serves firms with several products that vary significantly in terms of their environmental sensitivity, and when international sales and profits are quite significant compared with those of the domestic divisions.
d.The international division concentrates solely on manufacturing functions in order to take advantage of the economies of scale.
4.Which of the following global structures improves cost efficiency through centralization of manufacturing facilities?
a.Global functional structure
b.Global customer structure
c.Global product structure
d.Global mixed structure
5.Which of the following is an approach to organizational structure that gives worldwide responsibility to strategic business units for marketing their product lines?
a.Area structure
b.Functional structure
c.Mixed structure
d.Product structure
6.All-Techno Inc., a leading Florida-based software firm, has branches all over the world. Its operations are mainly divided into three regions comprising Europe, Asia, and the U.S. These divisions are responsible for all the manufacturing and marketing activities in their respective areas. What kind of organizational structure is being adopted by All-Techno?
a.Product structure
b.Functional structure
c.Area structure
d.Customer structure
7.If market conditions with respect to product acceptance and operating conditions vary dramatically, the _____ approach is the one to choose.
a.functional
b.customer
c.product
d.area
8.An approach to organizational structure that is based on which consumer groups are served is referred to as a(n) _____.
a.functional structure
b.area structure
c.customer structure
d.product structure
9.A(n) _____ structure combines two or more organizational dimensions simultaneously.
a.matrix
b.functional
c.area
d.mixed
10.Which approach to organizational structure refers to a business driven by a worldwide business unit and implemented by a geographic unit?
a.Mixed structure
b.Matrix structure
c.Functional structure
d.Shell structure
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more