Financial Accounting
168450 questions • Page 3025 / 3369
Which of the following is a major concern of a company\'s short term creditors?
Which of the following is a major concern of a company's short term creditors? The size of the cash dividends The ability of the company to pay ofTits bonds The ability to pay its…
Which of the following is a major difference when accounting for long-term debt
Which of the following is a major difference when accounting for long-term debt investments versus short-term debt investments? A) Interest revenue is not recognized for long-term…
Which of the following is a market strength ratio? A company that is leveraged i
Which of the following is a market strength ratio? A company that is leveraged is one that A general rule in choosing among alternative investments is the greater the risk taken, …
Which of the following is a period cost? a. Wages of an assembly worker b. Depre
Which of the following is a period cost? a. Wages of an assembly worker b. Depreciation on factory equipment c. Sales commissions d. Power A cost that has been incurred in the pas…
Which of the following is a potential abuse that may arise when business combina
Which of the following is a potential abuse that may arise when business combination is accounted for as a pooling of interests? a. Assets of the buyer may be overvalued when the …
Which of the following is a potential source of capital for a company to invest
Which of the following is a potential source of capital for a company to invest in long-term assets? Select one: A. Bank loans B. Net Income from past years C. Issuing additional …
Which of the following is a prediction consistent with Okun\'s law? What is Okun
Which of the following is a prediction consistent with Okun's law? What is Okun's law? When the government temporarily suspends citizen's right during periods of hyperinflation in…
Which of the following is a rule related to the exclusion of gain on the sale of
Which of the following is a rule related to the exclusion of gain on the sale of a personal residence? In general, to exclude the gain from the sale of a personal residence, the h…
Which of the following is a self employment item listed on schedule K form 1065?
Which of the following is a self employment item listed on schedule K form 1065? (1) section 179 expense deduction. (2) charitable contributions. (3) profit (loss) from farming. (…
Which of the following is a tax consequence associated with a cash or deferred a
Which of the following is a tax consequence associated with a cash or deferred arrangement, also known as a 401(k): A. Contributions within limits are not included in the employee…
Which of the following is a taxable fringe benefit?Question 4 options: employer
Which of the following is a taxable fringe benefit?Question 4 options: employer pays for subscriptions for professional journals delivered to employee's home adresses employer pro…
Which of the following is a true statement about closing the books of a corporat
Which of the following is a true statement about closing the books of a corporation? Expenses are closed to th…
Which of the following is a true statement regarding absorption and/or direct co
Which of the following is a true statement regarding absorption and/or direct costing? A. A firm can choose to use either absorption or direct costing for income tax purposes. B. …
Which of the following is a true statement regarding the taxation of compensatio
Which of the following is a true statement regarding the taxation of compensation received in the form of restricted property A) an employee is not taxed on compensation received …
Which of the following is a true statement? A balance sheet must always be prepa
Which of the following is a true statement? A balance sheet must always be prepared before the income statement. An income statement shows assets, liabilities and equity over a pe…
Which of the following is a true statement? A) A taxpayer can deduct medical exp
Which of the following is a true statement? A) A taxpayer can deduct medical expenses incurred for members of his family who are dependents. B) A taxpayer can deduct medical expen…
Which of the following is a true statement? Answer Revenue accounts are a subset
Which of the following is a true statement? Answer Revenue accounts are a subset of assets, and expense accounts are a subset of liabilities. Both revenue accounts and expense acc…
Which of the following is a true statement? Liquidity is the ability of the firm
Which of the following is a true statement? Liquidity is the ability of the firm to adapt to new situations and opportunities. Cash flow measurement is more uniform than income me…
Which of the following is a type of audit evidence? a. Oral responses to the aud
Which of the following is a type of audit evidence? a. Oral responses to the auditor from employees of the company under audit. b. Written communications from company empl…
Which of the following is a type of strategic alternative that tries to increase
Which of the following is a type of strategic alternative that tries to increase market share among existing customers? Question 17 options: Vertical integration Product penetrati…
Which of the following is an advantage of a general partnership when compared to
Which of the following is an advantage of a general partnership when compared to a corporation? The partnership is more likely have a net income. The partnership is relatively ine…
Which of the following is an advantage of buying into a franchise system? A) It
Which of the following is an advantage of buying into a franchise system? A) It comes with an established business system. B) It comes with a workforce. C) It already has a custom…
Which of the following is an advantage of monetary unit sampling (MUS)? MUS typi
Which of the following is an advantage of monetary unit sampling (MUS)? MUS typically includes transactions or components reflecting relatively large dollar amounts. MUS is effect…
Which of the following is an advantage of preferred stock? In the event of liqui
Which of the following is an advantage of preferred stock? In the event of liquidation, preferred shareholders are guaranteed to get their investment back in full. In the event of…
Which of the following is an advantage of the cash payback method? Includes the
Which of the following is an advantage of the cash payback method? Includes the cash flow over the entire life of the proposal emphasizes accounting income takes into consideratio…
Which of the following is an assumption that is NOT made in most cost-volume-pro
Which of the following is an assumption that is NOT made in most cost-volume-profit calculations? 1) Selling price, variable expense per unit, and fixed expense per unit do not …
Which of the following is an attribute of the internal control component-monitor
Which of the following is an attribute of the internal control component-monitoring of controls? O A. O B. Monitoring of controls is the "tone at the top" of the business. Monitor…
Which of the following is an estate planning tool designed to minimize probate c
Which of the following is an estate planning tool designed to minimize probate costs? A. Purchasing an annuity that is payable to one's spouse on the owner's death. B. Allowing pr…
Which of the following is an example of a built-in fiscal policy, or automatic s
Which of the following is an example of a built-in fiscal policy, or automatic stabilizer? I. Social Security II. Welfare III. Unemployment insurance IV. The income tax system A.I…
Which of the following is an example of a cost that is variable with respeet to
Which of the following is an example of a cost that is variable with respeet to the number of units produced and sold? Insurance on the headquarters building. Power to run product…
Which of the following is an example of a deferral adjusting entry? All of these
Which of the following is an example of a deferral adjusting entry? All of these choices are correct. On April 1, 2017, Tamarisk, Inc. paid $49900 cash for equipment that will be …
Which of the following is an example of a dual status alien. A. Ian is a citizen
Which of the following is an example of a dual status alien. A. Ian is a citizen of Ireland and was present on the us for 24 days in 2017. B. Maria was a resident alien for 2016 a…
Which of the following is an example of a negative covenant? A. The borrower wil
Which of the following is an example of a negative covenant? A. The borrower will at all times maintain a ratio of current assets to current liabilities that is greater than 2.0 t…
Which of the following is an example of a tight monetary policy? (a) an increase
Which of the following is an example of a tight monetary policy? (a) an increase in the reserve requirement (b) a decrease in the discount rate (c) a decrease in the federal funds…
Which of the following is an example of a variable consideration? A. John is exp
Which of the following is an example of a variable consideration? A. John is expected to receive $100 for his tutoring services provided that he keeps of his hours B. Melody’s Pia…
Which of the following is an example of achange in accounting principle? 1) A ch
Which of the following is an example of achange in accounting principle? 1) A change indepreciation methods. 2) A change in theestimated useful life of a depreciable asset. 3) A c…
Which of the following is an example of fraudulent financial reporting? a. Compa
Which of the following is an example of fraudulent financial reporting? a. Company ending inventory, while understating cost of goods soid b. The treasurer divertis customer payme…
Which of the following is an example of process reengineering measure? A) employ
Which of the following is an example of process reengineering measure? A) employing more skilled workers to improve quality B) decreasing quantity of output produced to increase t…
Which of the following is an example of value-added time? Question 1 options: Pr
Which of the following is an example of value-added time? Question 1 options: Processing time Wait time during inspection Wait time in inventory Both B and C The just-in-time (JIT…
Which of the following is an example of value-added time? Question 1 options: Pr
Which of the following is an example of value-added time? Question 1 options: Processing time Wait time during inspection Wait time in inventory Both B and C The just-in-time (JIT…
Which of the following is an example of value-added time? Question 1 options: Pr
Which of the following is an example of value-added time? Question 1 options: Processing time Wait time during inspection Wait time in inventory Both B and C The just-in-time (JIT…
Which of the following is an extraordinary item? a. Loss on abandonment of prope
Which of the following is an extraordinary item? a. Loss on abandonment of property b. Gain on disposal of a business segment c. Write-down of deferred research and development co…
Which of the following is an important subjective consideration when deciding th
Which of the following is an important subjective consideration when deciding the nature of tests to use in a financial statement audit? a. Tests of details typically p…
Which of the following is an incorrect characterization of the auditor\'s test a
Which of the following is an incorrect characterization of the auditor's test and evaluation of the operating effectiveness of a control in an audit of ICFR (integrated audit)? a.…
Which of the following is another name for the minimum desired rate of return? A
Which of the following is another name for the minimum desired rate of return? A. Discount rate B. Required rate of return C. Hurdle rate D. All of the above 10. Which of the foll…
Which of the following is business income for the purpose of computing an nol? P
Which of the following is business income for the purpose of computing an nol? Personal casualty gains Taxable pension income Active participation rental income from Schedule e Ro…
Which of the following is characteristic of a change in accounting principle? a.
Which of the following is characteristic of a change in accounting principle? a. requires the reporting of pro forma amounts for prior periods b. does not affect the financial sta…
Which of the following is considered a disadvantage of ROI? a. ROI encourages ma
Which of the following is considered a disadvantage of ROI? a. ROI encourages managers to look carefully at relationships between sales revenues, expenses and investment, ROI enco…
Which of the following is considered a partnership termination? (1) over 50% of
Which of the following is considered a partnership termination? (1) over 50% of operations are discontinued, and no part of any business, financial operation, or venture is contin…
Which of the following is correct about the statement of cash flows? A. It provi
Which of the following is correct about the statement of cash flows? A. It provides information about a company’s cash receipts and cash payments during an accounting period. B. I…
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Financial Accounting
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