External link to Question : 11.Uncertainty and risks inherent in business situations should be adequately : 1242769

Question : 11.Uncertainty and risks inherent in business situations should be adequately : 1242769

  11.Uncertainty and risks inherent in business situations should be adequately considered in financial reporting. This statement is an example of the concept of a.Conservatism b.Completeness c.Neutrality d.Representational faithfulness 12.Determining periodic earnings and financial position depends on measuring economic resources and obligations and changes in them as these changes occur. This explanation pertains to a.Disclosure b.Accrual accounting c.Materiality d.The matching concept 13.Under what condition is […]

External link to Question : 61. Davis Construction Inc.Davis Construction began operation January 1, 2012, with : 1224803

Question : 61. Davis Construction Inc.Davis Construction began operation January 1, 2012, with : 1224803

    61. Davis Construction Inc. Davis Construction began operation on January 1, 2012, with an initial investment of $100,000 from each of its three stockholders. During the year ending 2012 Davis Construction had net income of $125,000 and paid dividends of $50,000. Refer to the information provided for Davis Construction, Inc. The dividends for the year:  A. increases the amount of capital stock reported by the […]

External link to Question : 29) A perfectly competitive market exists when there a homogeneous : 1217130

Question : 29) A perfectly competitive market exists when there a homogeneous : 1217130

  29) A perfectly competitive market exists when there is a homogeneous product with buying prices equal to selling prices and no individual buyers or sellers can affect those prices by their own actions. 30) For each of the following, identify whether it BEST relates to market-based, cost-based, negotiated, or all types of transfer pricing.   ________________a.Bargaining between selling and buying units ________________b.Budgeted costs ________________c.145% […]

External link to Question : 81. Accounts payable $ 30,000 Accounts receivable : 1226785

Question : 81. Accounts payable $ 30,000 Accounts receivable : 1226785

    81.  Accounts payable $  30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000     Based on the above data, what is the quick ratio, rounded to one decimal point? A. 2.4B. 3.4C. 2.1D. 1.5   82. A company with working capital of $500,000 […]

External link to Question : 71. Which of the following dimensions that have been shown to : 1250955

Question : 71. Which of the following dimensions that have been shown to : 1250955

    71. Which of the following dimensions that have been shown to be necessary for successful expatriates is most closely related to the individual’s psychological well-being?  A. The culture dimension B. The self dimension C. The relationship dimension D. The perception dimension The self dimension are skills that enable a manager to maintain a positive self-image and psychological well-being.     72. Which one of the following dimensions is not […]

External link to Question : 131.A voucher system a set of procedures and approvals: A.Designed to : 1258867

Question : 131.A voucher system a set of procedures and approvals: A.Designed to : 1258867

    131.A voucher system is a set of procedures and approvals:    A.Designed to eliminate the need for subsidiary ledgers.   B.Designed to determine if the company is operating profitably.   C.Used almost exclusively by small companies.   D.Used to ensure that the company sells on credit only to creditworthy customers.   E.Designed to control cash disbursements and the acceptance of obligations.       […]

External link to Question : 71. Which method of evaluating capital investment proposals uses present value : 1246984

Question : 71. Which method of evaluating capital investment proposals uses present value : 1246984

    71. Which method of evaluating capital investment proposals uses present value concepts to compute the rate of return from the net cash flows expected from capital investment proposals? A. Internal rate of returnB. Cash paybackC. Net present valueD. Average rate of return   72. A series of equal cash flows at fixed intervals is termed a(n): A. present value indexB. price-level indexC. net cash flowD. annuity   73. The present value index is computed using which […]

External link to Question : 170.Using the following information from an annual report, prepare a : 1244263

Question : 170.Using the following information from an annual report, prepare a : 1244263

  170.Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 20×7. (Round percentage answers to one decimal place.)       (In millions) Net sales $11,862 Cost of sales     8,321 Gross margin $  3,541 Selling, general, and administrative expenses $  2,743 Depreciation, amortization, and asset write-offs        278 […]

External link to Question : 11) When a company receives cash by mail: A) all incoming : 1230140

Question : 11) When a company receives cash by mail: A) all incoming : 1230140

  11) When a company receives cash by mail: A) all incoming mail containing cash receipts should be opened by the accounting department. B) the mailroom sends all customer checks to the internal audit department. C) the remittance advice goes to the accounting department for preparation of the journal entries. D) the bank deposit is prepared by the mail room.   12) Cash requires specific […]

External link to Question : 128.A traditional definition of internal control specifically includes all of : 1244375

Question : 128.A traditional definition of internal control specifically includes all of : 1244375

128.A traditional definition of internal control specifically includes all of the following features, except   a. maintenance of a clean and safe workplace. b. adherence to prescribed managerial policies. c. promotion of operational efficiency. d. reliability of accounting data.       129.Each of the following is a feature of internal control, except   a. recording of all transactions. b. all payments with cash. c. […]

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