Financial Accounting

Which of the following accounts appear on the post-closing trial balance? Sales

Which of the following accounts appear on the post-closing trial balance? Sales Revenue Dividends Cash Rent Expense Which of the following accounts would NOT appear on a post-clos…

Which of the following accounts is considered to be a contra-shareholders\' equi

Which of the following accounts is considered to be a contra-shareholders' equity account? A) Common Stock B) Paid-in-Capital in Excess of Par Value C) Preferred Stock D) Treasury…

Which of the following accounts is debited when direct labor is recorded? Answer

Which of the following accounts is debited when direct labor is recorded? Answer Work in process Salaries and wages expense Salaries and wages payable Manufacturing overhead Which…

Which of the following accounts would be a period Cost rather than a product cos

Which of the following accounts would be a period Cost rather than a product cost? A.freight cost B.direct labor C. Production managers salary D.maintenance on factory machines E.…

Which of the following accurately completed the following statement? An individu

Which of the following accurately completed the following statement? An individual who is not personally liable for a debt does not have ordinary income from the calcellation of t…

Which of the following accurately completed the following statement? An individu

Which of the following accurately completed the following statement? An individual who is not personally liable for a debt does not have ordinary income from the calcellation of t…

Which of the following accurately depicts the auditor\'s responsibility with res

Which of the following accurately depicts the auditor's responsibility with respect to Statements on Auditing Standards? 1. The auditor is required to follow the guidance provided…

Which of the following actions could increase the balance in the paid-in capital

Which of the following actions could increase the balance in the paid-in capital in excess of par-common account? Which of the following actions could increase the balance in the …

Which of the following activities and Quickbooks window used to record it is inc

Which of the following activities and Quickbooks window used to record it is incorrect?   a) Sell goods and bill customers; Invoice   b)Record inventory information; Inventory Lis…

Which of the following activities is least likely to result in the audit team\'s

Which of the following activities is least likely to result in the audit team's exposure to sampling risk? A. Identifying all components of a client's accounts receivable balance.…

Which of the following activities is most likely a nonvalue adding activity for

Which of the following activities is most likely a nonvalue adding activity for a manufacturer of automobiles? a. painting automobiles b. shipping component parts to the assembly …

Which of the following activities is most likely to be accounted for in an Inter

Which of the following activities is most likely to be accounted for in an Internal Service Fund? Question 3 options: 1) operation of the municipal parks and cultural centers. 2) …

Which of the following activities is usually considered a volume cost driver in

Which of the following activities is usually considered a volume cost driver in an ABC system? a. Move activities b. Wait activities c. Setup activities d. Run activities e. Quali…

Which of the following activities of a state should be accounted for in an Agenc

Which of the following activities of a state should be accounted for in an Agency Fund? a. a lottery, wherein half the revenues is used for prizes and the other half is used for l…

Which of the following activities or funds CANNOT levy a property tax in order t

Which of the following activities or funds CANNOT levy a property tax in order to pay for personnel expenditures? a. Pension Fund b. General Fund c. Sewer Fund d. General Obligati…

Which of the following activities would give most students positive utility? Ins

Which of the following activities would give most students positive utility? Instructions: In order to receive full credit, you must make a selection for each option. For correct …

Which of the following activity cost pools and activity measures likely has the

Which of the following activity cost pools and activity measures likely has the lowest degree of correlation? ctivity Cost Pool ctivity Measure A. Order department B. Sales manage…

Which of the following activity cost pools and activity measures likely has the

Which of the following activity cost pools and activity measures likely has the lowest degree of correlation? Activity Cost Pool Activity Measure A. B. C. D. E. Order department S…

Which of the following aliens is not exemp from counting days for the substantia

Which of the following aliens is not exemp from counting days for the substantial present test. A. A foreign professions athlete participating in a charitable sporting event. B. A…

Which of the following aliens is required to obtain an exit or sailing permit be

Which of the following aliens is required to obtain an exit or sailing permit before departing the us. A. Reprentstive Of foreign governments who hold diplomatic passport. B. Alie…

Which of the following amounts is NOT deducted in converting Net Income for Tax

Which of the following amounts is NOT deducted in converting Net Income for Tax Purposes to Taxable Income? Losses of other years. The lifetime capital gains deduction. An amount …

Which of the following amounts would be used in the calculation of the net prese

Which of the following amounts would be used in the calculation of the net present value of an investment in new machinery to replace old machinery (incremental cost approach)? Th…

Which of the following an example of an operating budget? Capital expenditures b

Which of the following an example of an operating budget? Capital expenditures budgets sales budget cash budget Budgeted retained earnings statement. Company X is preparing a plan…

Which of the following are below the line income tax deductions? 1. Medical expe

Which of the following are below the line income tax deductions? 1. Medical expenses. 2. Alimony paid. 3. Moving expenses. 4. Tax preparation fees. Andrea and Elliott are married …

Which of the following are considered to be product costs under absorption costi

Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixed manufacturing overhead. III. Selling and administ…

Which of the following are deductible? State and local property taxes State and

Which of the following are deductible? State and local property taxes State and local property taxes and flat vehicle license fee assessed to all vehicles, regardless or fair mark…

Which of the following are examples of debt overhang? Which examples are likely

Which of the following are examples of debt overhang? Which examples are likely to lead to a cutback in spending? a. Your uncle starts a restaurants, borrowing to fund his investm…

Which of the following are examples of the misappropriation of assets? A. An emp

Which of the following are examples of the misappropriation of assets? A. An employee theft of inventory B. A kickback scheme in the purchasing function C. An employee overstates …

Which of the following are not examples of a vicious cycle of deleveraging? Expl

Which of the following are not examples of a vicious cycle of deleveraging? Explain. a. Your university decides to sell several commercial buildings in the middle of town in order…

Which of the following are reasons Google chose to use an online auction rather

Which of the following are reasons Google chose to use an online auction rather than an investment bank to issue its IPO. I. It was less costly. II. It wanted to avoid overpricing…

Which of the following are relevant cash flows and what type of cost would you c

Which of the following are relevant cash flows and what type of cost would you categorize them as given all the cost terms covered in this chapter? The CEO will spend 20% of his t…

Which of the following are revenue and which of the following are expenses? Acco

Which of the following are revenue and which of the following are expenses? Accounts payable Accounts receivable Accrued liabilities and taxes Cash and cash equivalents Cost of sa…

Which of the following are temporary differences that are normally classified as

          Which of the following are temporary differences that are normally classified as expenses or losses that are deductible after they are recognized in financial income? An…

Which of the following are the errors in? record-keeping that might prevent a tr

Which of the following are the errors in? record-keeping that might prevent a trial balance from? agreeing? Select all that apply. A. A transaction in the amount of? $100 was misr…

Which of the following are the net asset classes required by the FASB for privat

Which of the following are the net asset classes required by the FASB for private not-for-profit organizations under the new rules? Net Assets with or without Restrictions Net inv…

Which of the following are the two main types of costaccounting systems for manu

Which of the following are the two main types of costaccounting systems for manufacturing operations? a. Process cost and general accounting systems b. Job order cost and process …

Which of the following are true of the budgetary accounts of the federal governm

Which of the following are true of the budgetary accounts of the federal government? A). The accounts provide a record by which federal expenditures may be traced to the budgetary…

Which of the following are true? Current liabilities are paid off longer than 1

Which of the following are true? Current liabilities are paid off longer than 1 year in the future Unsecured bonds are borrowed against the general credit of the Bond premiums are…

Which of the following are two methods of estimating uncollecible receivables? A

Which of the following are two methods of estimating uncollecible receivables? A. allowance method and amortization method B. aging-of-accounts-receivable method and percent-of-sa…

Which of the following aspects of business-to-consumer (B2C) e-commerce allows m

Which of the following aspects of business-to-consumer (B2C) e-commerce allows marketers to focus on one-to-one marketing? Product customization Loss aversion Free shipping Psycho…

Which of the following asset categories would include the cost of clearing land

Which of the following asset categories would include the cost of clearing land and removing unwanted buildings? A. Land improvements B. Machinery and equipment C. Buildings D. La…

Which of the following assets is not subject to a tion, depletion, or amortizati

Which of the following assets is not subject to a tion, depletion, or amortization? a. Natural resources b. Land improvements decreasing book value through deprecia- c. Goodwill d…

Which of the following assets would be classified as property, plant, and equipm

Which of the following assets would be classified as property, plant, and equipment? Question 44 options: Office building to be demolished in nine months Natural gas reserves expe…

Which of the following audit strategies would be most appropriate when an audito

Which of the following audit strategies would be most appropriate when an auditor has assessed a predominantly substantive approach is necessary to determine inventory quantity?  …

Which of the following auditing procedures most likely would assist auditors in

Which of the following auditing procedures most likely would assist auditors in identifying conditions and events that may indicate substantial doubt about an entity's ability to …

Which of the following bank assets is the most liquid? A) consumer loans C) stat

Which of the following bank assets is the most liquid? A) consumer loans C) state and local government securities D) U.S. government securities 4. B) reserves While the discount r…

Which of the following benefits could an organization reasonably expect from an

Which of the following benefits could an organization reasonably expect from an effective budget program? Increased employee Uncover potential motivation Yes Yes No No bottlenecks…

Which of the following best characterizes the differences between operating and

Which of the following best characterizes the differences between operating and financing liabilities? A. Operating liabilities are the result of prior financing cash inflows. B. …

Which of the following best characterizes the role of the coupon rate and the ma

Which of the following best characterizes the role of the coupon rate and the market rate in the accounting for bonds payable? A. The proceeds recorded at issuance depend only on …

Which of the following best describes bureaucratic control? It involves the use

Which of the following best describes bureaucratic control? It involves the use of authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make s…