External link to Question : 83.A corporation has a. no tax liability. b. a limite : 1244160

Question : 83.A corporation has a. no tax liability. b. a limite : 1244160

83.A corporation has   a. no tax liability. b. a limited existence. c. unlimited liability. d. government regulations.       84.Par value   a. is the legal capital established for a share of stock. b. represents what a share of stock is worth. c. represents the original selling price for a share of stock. d. is established for a share of stock after it […]

External link to Question : 11) What five features of a just-in-time manufacturing system? Objective : 1217090

Question : 11) What five features of a just-in-time manufacturing system? Objective : 1217090

  11) What are five features of a just-in-time manufacturing system?   Objective 20.7   1) Traditional normal and standard costing systems use: A) backflush costing B) delayed costing C) post-deduct costing D) sequential tracking   2) A costing system that omits recording some or all of the journal entries relating to the cycle from purchase of direct materials to the sale of finished goods […]

External link to Question : 143.The following information available for some of Branson’s segments (all : 1258270

Question : 143.The following information available for some of Branson’s segments (all : 1258270

  143.The following information is available for some of Branson’s segments (all amounts are in millions):   North AmericaAsiaCentral America Segment sales$5,190 $750$2,350 Segment operating income1,4942731,127 Segment average assets4,7005411,382 a. Determine the segment return on assets for each geographic segment. b. Comment on the results. How do the segments compare with respect to profitability?       a.   144.The Stapleton Company uses special journals for […]

External link to Question : 170. Use the following income statement and information about selected current : 1257717

Question : 170. Use the following income statement and information about selected current : 1257717

  170. Use the following income statement and information about selected current assets and current liabilities for Kimberline Industries to calculate the net cash provided or used by operating activities using the indirect method.    KIMBERLINE INDUSTRIES Income Statement For Year Ended December 31, 2015 Sales……………………….   $280,000 Cost of goods sold……………….   124,000 Gross profit from sales…………….   $156,000 Operating expenses:         Salaries […]

External link to Question : 51.Justin Company has total assets, liabilities, and shareholders’ equity of : 1253636

Question : 51.Justin Company has total assets, liabilities, and shareholders’ equity of : 1253636

  51.Justin Company has total assets, liabilities, and shareholders’ equity of $36,000, $15,000, and $21,000, respectively, at the beginning of 2010. At the end of 2010, total assets, liabilities, and shareholders’ equity were reported at $32,000, $13,000, and $19,000, respectively.How much additional debt can Justin Company incur and still have its debt/equity ratio remain less than or equal to 1.00? a.$6,000 b.$25,000 c.$12,000 d.$24,000 52.    […]

External link to Question : 61. A firm classifies liabilities which fall due within the operating : 1245693

Question : 61. A firm classifies liabilities which fall due within the operating : 1245693

    61. A firm classifies liabilities which fall due within the operating cycle, usually one year, as  A. a current liability. B. a long-term liability. C. a noncurrent asset. D. part of shareholders’ equity. E. a contingent liability.   62. In return for promising to make future payments, a firm receives cash or other assets with a measurable cash-equivalent value. The firm records a long-term liability for that amount and the […]

External link to Question : 91. During 2010, a company purchased a mine at a cost : 1228537

Question : 91. During 2010, a company purchased a mine at a cost : 1228537

  91. During 2010, a company purchased a mine at a cost of $3,000,000. The company spent an additional $600,000 getting the mine ready for its intended use. It is estimated that 300,000 tons of mineral can be removed from the mine and the residual value of the mine will be $600,000. During 2010, 45,000 tons of mineral were removed from the mine and 35,000 tons […]

External link to Question : 81. Below budgeted production and sales information for Flushing Company for : 1246872

Question : 81. Below budgeted production and sales information for Flushing Company for : 1246872

    81. Below is budgeted production and sales information for Flushing Company for the month of December:    Product XXX Product ZZZ Estimated beginning inventory   30,000 units   18,000 units Desired ending inventory   34,000 units   17,000 units Region I, anticipated sales 320,000 units 260,000 units Region II, anticipated sales 180,000 units 140,000 units       The unit selling price for product XXX is $6 and […]

External link to Question : 1) The caption “Net sales” in a multi-step income statement : 1212634

Question : 1) The caption “Net sales” in a multi-step income statement : 1212634

  1) The caption “Net sales” in a multi-step income statement is different if a business uses the periodic instead of the perpetual inventory system.   2) Net purchases caption on the multi-step income statement is calculated by subtracting purchase discounts and purchase returns and allowances from purchases.   3) Inventory and cost of goods sold for a business using the periodic inventory system appear […]

External link to Question : 101.Component percentages indicate the relative size of each item included : 1237515

Question : 101.Component percentages indicate the relative size of each item included : 1237515

    101.Component percentages indicate the relative size of each item included in a total. Which of the following statements is true?    A.Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of total assets.   B.Income statement items are expressed as a percentage of net sales, while balance sheet items are expressed as a […]

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