Financial Accounting

1. If an asset is purchased for $22,000, and has an estimated life of 6 years, a

1. If an asset is purchased for $22,000, and has an estimated life of 6 years, and it costs $2,000 to install the asset, and it is not expected to have any salvage value after its…

1. If an employee is awarded stock with a 2-year vesting period, what are the ad

1. If an employee is awarded stock with a 2-year vesting period, what are the advantages and disadvantages to the employee to making a Section 83 election? How is this election ma…

1. If an owner invests her computer and printer in the business, there is an inc

1. If an owner invests her computer and printer in the business, there is an increase to a) Cash and Drawing b) Computer Equipment and Drawing c) Cash and Capital d) Computer Equi…

1. If beginning capital was $70,000, ending capital is $48,000, and the owner\'s

1. If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, the amount of net income or net loss was (Points: 3) net income of $42,00…

1. If beginning capital was $70,000, ending capital is $48,000, and the owner\'s

1. If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, the amount of net income or net loss was (Points: 3) net income of $42,00…

1. If computational and record-keeping costs are about the sameunder both FIFO a

1. If computational and record-keeping costs are about the sameunder both FIFO and weighted average, which of the following method willgenerally be preferred? A. Weighted Average …

1. If computational and record-keeping costs are about the sameunder both FIFO a

1. If computational and record-keeping costs are about the sameunder both FIFO and weighted average, which of the following method will generallybe preferred? A. Weighted Average …

1. If computational and record-keeping costs are aboutthe same under both FIFO a

1. If computational and record-keeping costs are aboutthe same under both FIFO and weighted average, which of thefollowing method will generally be preferred? A. Weighted Average …

1. If computational and record-keeping costs are aboutthe same under both FIFO a

1. If computational and record-keeping costs are aboutthe same under both FIFO and weighted average, which of thefollowing method will generally be preferred? A. Weighted Average …

1. If computational and record-keeping costs are aboutthe same under both FIFO a

1. If computational and record-keeping costs are aboutthe same under both FIFO and weighted average, which of thefollowing method will generally be preferred? A. Weighted Average …

1. If improvement in a performance measure on a balanced scorecard should lead t

1. If improvement in a performance measure on a balanced scorecard should lead to improvement in another performance measure, but does not, then employees must work harder. (Point…

1. If projectingTarget’s earnings per share based solely on EPS reported over th

1. If projectingTarget’s earnings per share based solely on EPS reported over the most recent three years, would you project increasing or decreasing EPS? 2. How manyshares were i…

1. If the Federal Reserve buys $250 million worth of government securities and t

1. If the Federal Reserve buys $250 million worth of government securities and the M1 multiplier is 2, bank reserves will A) fall by $250 million. B) rise by $250 million. C) fall…

1. If the Federal Reserve buys $250 million worth of government securities and t

1. If the Federal Reserve buys $250 million worth of government securities and the M1 multiplier is 2, bank reserves will A) fall by $250 million. B) rise by $250 million. C) fall…

1. If the actual cost per pound of direct material is less than the standard cos

1. If the actual cost per pound of direct material is less than the standard cost per pound, there is: A) A favorable materials price variance. B) An unfavorable materials price v…

1. If the average sales transaction for a department store is $55.65, what total

1. If the average sales transaction for a department store is $55.65, what total dollar sales would be expected on 500 transactions? 2.An exclusive gift shop located in a resort h…

1. If the bonds are prchased between interest dates, the purchase price includes

1. If the bonds are prchased between interest dates, the purchase price includes accrued interest since the last interest payement. 2. When bonds held as long-term investments are…

1. If the company pursues the investment opportunity and otherwise performs the

1.  If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? 2. If the company pursues the investment op…

1. If the contribution margin is greater than zero A. the selling price of each

1. If the contribution margin is greater than zero A. the selling price of each product is less than the variable cost per unit. B. total variable costs are less than sales revenu…

1. If the cross-price elasticity of demand between printed textbooks and e-books

1. If the cross-price elasticity of demand between printed textbooks and e-books is +0.20, If textbook prices increase by 6 percent, by how much will e-book demand change? Enter y…

1. If the employee has $300 withheld from their check for FICA-OASDI, what is th

1. If the employee has $300 withheld from their check for FICA-OASDI, what is the added amount that the employer would need to pay? a) $300 b) $100 c) 0 d) $400 2. The information…

1. If the reserve requirement is 12 percent and banks desire to hold no excess r

1. If the reserve requirement is 12 percent and banks desire to hold no excess reserves, when a bank receives a new deposit of $1,000, a. it must increase its required reserves by…

1. If the sales and average invested capital remain the same during the next yea

1. If the sales and average invested capital remain the same during the next year, to what level would total expenses have to be reduced in order to improve the firm’s ROI to 15 p…

1. If two years’ preferred dividends are in arrears and the board of directors d

1. If two years’ preferred dividends are in arrears and the board of directors declares cash dividends of $21,600, what total amount will be paid to the preferred and to the commo…

1. If using special journals, sales made on account are recorded in the: a) Cash

1.       If using special journals, sales made on account are recorded in the: a)      Cash Disbursements Journal b)      Cash Receipts Journal c)       Purchases Journal d)      …

1. If variable cost per unit decreased because of the decrease in materials cost

1. If variable cost per unit decreased because of the decrease in materials cost, the break-even point would: As part of operations control, budgeted results are compared to Budge…

1. Ifa company classifies an expenditure as a capital expenditure instead of a r

1. Ifa company classifies an expenditure as a capital expenditure instead of a revenue expenditure, which of the following will be true? A) Income for the year of acquisition will…

1. In 1809, Massachusetts enacted a law that said that shareholders would face j

1. In 1809, Massachusetts enacted a law that said that shareholders would face joint-and-several unlimited liability. What is joint-and-several shareholder unlimited liability? - …

1. In 2010, LinkedIn reported trade payable obligations totaling $10.8 million i

1. In 2010, LinkedIn reported trade payable obligations totaling $10.8 million in other accrued expenses within accrued liabilities instead of accounts payable. In 2011, note 2 in…

1. In 2011, Raleigh sold 1,000 units at $500 each, and earned net income of $50,

1. In 2011, Raleigh sold 1,000 units at $500 each, and earned net income of $50,000. Variable expenses were $300 per unit, and fixed expenses were $150,000. The same selling price…

1. In 2015, Carolina invested $20,000 in a cattle-feeding partnership that used

1. In 2015, Carolina invested $20,000 in a cattle-feeding partnership that used nonrecourse notes to purchase $50,000 of feed, which was used to feed the cattle and expensed. If C…

1. In ARIMA and Exponential Smoothing what statisitc is used to determine foreca

1. In ARIMA and Exponential Smoothing what statisitc is used to determine forecast model reliaibility at the 95% confidence level? Question 26 options: a) b) c) d) The means of th…

1. In August, 2014 a worker was injured in the factory in an accident partially

1. In August, 2014 a worker was injured in the factory in an accident partially the result of his own negligence. The worker has sued Barkley Co. for $800,000. Counsel believes it…

1. In February, one of the processing departments at Whisenhunt Corporation had

1. In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $36,000 and ending work in process inventory of $21,000. Dur…

1. In June 2015, LeBron bought a Hummer (heavy suv) for $82,500 to be used 75 pe

1. In June 2015, LeBron bought a Hummer (heavy suv) for $82,500 to be used 75 percent in his business. What is the maximum amount that he can deduct in 2015, including both Sectio…

1. In Shannon Company, there was an increase in the land account during the year

1. In Shannon Company, there was an increase in the land account during the year of $48,000. Analysis reveals that the change resulted from a cash sale of land at a cost $110,000,…

1. In Zero Company\'s income statement, they report gross profit of $55,000 at s

1. In Zero Company's income statement, they report gross profit of $55,000 at standard and the following variances: Material price $ 420 F Materials quantity $600 F, Labor price $…

1. In a common size financial statement, which of the following is given a perce

1. In a common size financial statement, which of the following is given a percentage of 100 percent? a. Total assets b. Costs of Goods Sold c. Net income d. Total liabilities 2. …

1. In a competitive market, the industry demand and supply curves are P= 200 - .

1. In a competitive market, the industry demand and supply curves are P= 200 - .2Qd and P= 100 + .3Qs respectively. (a.) Find the market's equilibrium price and output. (b.) Suppo…

1. In a competitive market, the industry demand and supply curves are P= 200 - .

1. In a competitive market, the industry demand and supply curves are P= 200 - .2Qd and P= 100 + .3Qs respectively. (a.) Find the market's equilibrium price and output. (b.) Suppo…

1. In a complete liquidation a loss may be disallowed or limited in all of the f

1. In a complete liquidation a loss may be disallowed or limited in all of the following situations, except: a. Property is distributed to a shareholder who owns 30% of the outsta…

1. In a county’s 2018 CAFR, general government expenses on the government-wide s

1. In a county’s 2018 CAFR, general government expenses on the government-wide statement of activities are $435 million and general government expenditures on the governmental fun…

1. In a decision on whether an order should be accepted at a special price when

1. In a decision on whether an order should be accepted at a special price when there is plant capacity available, a major consideration is whether the special price exceeds _____…

1. In a defined-contribution plan, a formula is used that A) defines the benefit

1. In a defined-contribution plan, a formula is used that A) defines the benefits that the employee will receive at the time of retirement. B) ensures that pension expense and the…

1. In a period of rising prices, which inventory cost flow method will produce t

1. In a period of rising prices, which inventory cost flow method will produce the lowest amount of cost of goods sold. A. Fifo B. Weighted average C. LIFO D.all methods will prod…

1. In a perpetual inventory system, beginning inventory, purchases, and sales fo

1. In a perpetual inventory system, beginning inventory, purchases, and sales for an item are as follows: ( Please, explain in details) a- Using the FIFO method, calculate the cos…

1. In a perpetual inventory system, which of the following is recorded at the ti

1. In a perpetual inventory system, which of the following is recorded at the time of the sale? A) Sales revenue only B) Both sales revenue and cost of goods sold C) Cost of goods…

1. In a proposal to increase the production of clock radios, the sales managers

1. In a proposal to increase the production of clock radios, the sales managers of Rinaldo Electronics reported the total additional cost required to meet the increased production…

1. In a sell or process further decision, which of the following costs is releva

1. In a sell or process further decision, which of the following costs is relevant? I. A variable production cost incurred after split-off. II. A fixed production cost incurred pr…

1. In accounting its important to understand that there may be events that occur

1. In accounting its important to understand that there may be events that occur that are not business transactions. Please give us an example of a business transaction that affec…