External link to Question : 101. Computer equipment was acquired at the beginning of the year : 1239863

Question : 101. Computer equipment was acquired at the beginning of the year : 1239863

    101. Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation.  A. $13,200 B. $19,200 C. $ 9,600 D. $ 9,000   102. Which of the following is true?  A. If using the double-declining-balance the total amount of depreciation expense during […]

External link to Question : 81. _____ a situation where there statistically significant compensation disparities between : 1250895

Question : 81. _____ a situation where there statistically significant compensation disparities between : 1250895

    81. _____ is a situation where there are statistically significant compensation disparities between similarly situated employees, after taking into account the legitimate factors which influence compensation, such as: education, prior work experience, performance, productivity, and time in the job.  A. Workers’ compensation discrimination B. Systemic compensation discrimination C. Delayering D. Banding Although comparable worth is not mandated in the U.S. private sector, the Department of Labor (Office of […]

External link to Question : 140. Cost of goods manufactured equal to: A. total manufacturing costs plus ending : 1226819

Question : 140. Cost of goods manufactured equal to: A. total manufacturing costs plus ending : 1226819

    140. Cost of goods manufactured is equal to:  A. total manufacturing costs plus ending materials inventory less beginning materials inventory B. cost of goods sold beginning work in process inventory less ending work in process inventory C. total manufacturing costs plus ending work in process inventory less beginning work in process inventory D. total manufacturing costs plus beginning work in process inventory less ending work in process inventory […]

External link to Question : 137. Which statement below best describes the objectives of financial : 1255702

Question : 137. Which statement below best describes the objectives of financial : 1255702

    137. Which statement below best describes the objectives of financial accounting? a. Provide information that helps predict cash flows. b. Provide information about the economic resources, claims to resources and changes in resources and claims. c. Provide information that is useful in making decisions. d. All of the other answers are correct.     138. The assumption that a business will continue to […]

External link to Question : 151. Which of the following group of accounts increased with a : 1239510

Question : 151. Which of the following group of accounts increased with a : 1239510

    151. Which of the following group of accounts are increased with a debit? A. assets, liabilities, stockholders’ equityB. assets, dividends, expensesC. assets, revenues, expensesD. assets, liabilities, revenues   152. Which of the following accounts increase with a credit? A. capital stock, revenues, expensesB. assets, capital stock, revenuesC. liabilities, capital stock, revenuesD. retained earnings, capital stock, assets   153. Which of the following is true regarding normal balances of accounts? A. All accounts have a normal debit balance.B. All expense […]

External link to Question : 81. The indirect method for the preparation of the operating activities : 1256411

Question : 81. The indirect method for the preparation of the operating activities : 1256411

    81. The indirect method for the preparation of the operating activities section of the statement of cash flows: A. Separately lists each major item of operating cash receipts.B. Separately lists each major item of operating cash payments.C. Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.D. Is required if the company is a merchandiser.E. Must not be used in […]

External link to Question : 41. If the quick ratio has been increasing over the past : 1228551

Question : 41. If the quick ratio has been increasing over the past : 1228551

  41. If the quick ratio has been increasing over the past several years, which of the following would cause the ratio to continue to increase?  A. An increase in accounts payable. B. An increase in inventories. C. An increase in short-term borrowings. D. A decrease in taxes payable. 42. Chavez Chocolates had a quick ratio of 1.74 at year-end 2009. Which of the following would cause the ratio to decrease […]

External link to Question : Multiple Choice Questions 71. The costs of bringing a corporation into existence, : 1225294

Question : Multiple Choice Questions 71. The costs of bringing a corporation into existence, : 1225294

  Multiple Choice Questions 71. The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called:  A. Minimum legal capital. B. Stock subscriptions. C. Organization expenses. D. Selling expenses. E. Prepaid fees. 72. The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock issued by […]

External link to Question : 66.The appropriate section in the statement of cash flows for : 1258417

Question : 66.The appropriate section in the statement of cash flows for : 1258417

  66.The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is:    A. Operating activities. B. Financing activities. C. Investing activities. D. Schedule of noncash investing or financing activity. E. This is not reported on the statement of cash flows. 67.A company’s transactions with its creditors to borrow money and/or to repay the principal amounts of both short- and long-term debt are […]

External link to Question : Answer the following questions using the information below: Lehman Pottery Company : 1217023

Question : Answer the following questions using the information below: Lehman Pottery Company : 1217023

  Answer the following questions using the information below:   Lehman Pottery Company manufactures clay molded pottery on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.   […]

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