Financial Accounting

Which of the following would not be a reason for the market price of Bishop Corp

Which of the following would not be a reason for the market price of Bishop Corporation stock to decrease? A. The general condition and future outlook of the economy are shaky. B.…

Which of the following would not be accounted for using the prospective approach

Which of the following would not be accounted for using the prospective approach (“Prospective approach” means only applying the change to current and future periods without adjus…

Which of the following would not be considered a subsequent event to financial s

Which of the following would not be considered a subsequent event to financial statements? A major customer declares bankruptcy subsequent to the balance sheet date, but prior to …

Which of the following would not be considered investment spending in the Nation

Which of the following would not be considered investment spending in the National Income Accounts? a. Construction of an automobile factory b. the purchase of a new drill press b…

Which of the following would not enhance economic growth? Subsidies for investme

Which of the following would not enhance economic growth? Subsidies for investments in physical capital An increase in the corporate profits tax Subsidies for investments in human…

Which of the following would occur as a result if Europe experienced a lower inf

Which of the following would occur as a result if Europe experienced a lower inflation rate than the U.S.? European products would become more expensive to U.S. consumers. It woul…

Which of the following would produce the largest increase inthe contribution mar

Which of the following would produce the largest increase inthe contribution margin per unit? A 14% increase in variable cost. A 7% increase in selling price. A 23% increase in th…

Which of the following would tend to DECREASE the elasticity of demand for good

Which of the following would tend to DECREASE the elasticity of demand for good X? The cost of producing X decreases. Several firms which used to produce substitutes for X go out …

Which of the following, when paid to manage investments that produce taxable inc

      Which of the following, when paid to manage investments that produce taxable income, is a deductible expense? * Commissions paid on sales of stock. Cost of attending an inve…

Which of the following, would not be pan of the COM of put chased\' 12 Coca-Cola

Which of the following, would not be pan of the COM of put chased' 12 Coca-Cola's famous name printed in distinctive typeface is an example of 13 The fair market value of Lewis Co…

Which of the followings is not a shortcoming of the moving average method? It do

Which of the followings is not a shortcoming of the moving average method? It does not allow for placing a higher weight on the most recent data point in the forecast. It requires…

Which of the folowing kindsCengage Online teaci x bsorption and Variable Costing

Which of the folowing kindsCengage Online teaci x bsorption and Variable Costing Income Statements During the first month of ummarized as follows: operations ended July 31, YoSan …

Which of the four types of costs listed in (1) above are incurred in an effort t

Which of the four types of costs listed in (1) above are incurred in an effort to keep poor quality of conformance from occurring? (You may select more than one answer. Single cli…

Which of the go is NOT exempt from a Freedom of Information Act request? A. Reco

Which of the go is NOT exempt from a Freedom of Information Act request? A. Records related solely to the internal personnel rules and practice of an agency B. Reports prepared by…

Which of the keAssignmentMain.do?invoker Activity Raties and Product Costs using

Which of the keAssignmentMain.do?invoker Activity Raties and Product Costs using Activity-Based Costing Garfield Iec. manufactures entry and dining room ighting ftures. Five activ…

Which of the methods below is the most subjective in determining fixed and varia

Which of the methods below is the most subjective in determining fixed and variable costs from multiple data points? visual fit high-low least-squares regressiorn All of the above…

Which of the reconciling items listed in Exercise 7-16 require an entry in the c

Which of the reconciling items listed in Exercise 7-16 require an entry in the company's accounts? The following data were accumulated for use in reconciling the hank account of Z…

Which of the statements below describes how TIF accounts for sales of gift cards

Which of the statements below describes how TIF accounts for sales of gift cards on its balance sheet and income statement? You may select more than one. Select one or more: a. Re…

Which of the statements below regarding the net capital gain or loss of a trust

Which of the statements below regarding the net capital gain or loss of a trust is NOT correct? A) In the final year of a trust or estate, any unused capital loss carryover is pas…

Which of these are considered Manufacturing Overhead? Service Department Costs D

Which of these are considered Manufacturing Overhead? Service Department Costs Direct Labor: wages Direct Labor: fringe benefits Indirect Labor: fringe benefits Fringe benefits of…

Which of these businesses is not required to report suspicious activities under

Which of these businesses is not required to report suspicious activities under current federal laws? Banks Money service organizations Commodity Traders Mutual fund dealers Race …

Which of these is not part of the security program required by DATA to prevent c

Which of these is not part of the security program required by DATA to prevent compromise of critical information? Multiple Choice Develop, document and maintain a security policy…

Which of these would be considered suspicious activities under current SAR rules

Which of these would be considered suspicious activities under current SAR rules? Money laundering Bribing officials Transferring money to suspected terrorists all of these Which …

Which one correctly shows the sequence of earnings capitalization process? forec

Which one correctly shows the sequence of earnings capitalization process? forecast of I/S -> forecast of annual earnings for business life --> determination of the cost of …

Which one is correct for the SEC filing requirements? Large accelerated filer, d

Which one is correct for the SEC filing requirements? Large accelerated filer, defined as a firm who has a public float of $700 million, should file form 10-K within 40 days from …

Which one is false? Off-balance sheet financing may be frequently used by firms

Which one is false? Off-balance sheet financing may be frequently used by firms who has stronger restrictions on bond covenant. Off-balance sheet financing may reduce the total as…

Which one is not a correct practice under the GAAP for segment reporting? Segmen

Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should include several key factors for foreign operations. Segment reporting can help i…

Which one is not a correct practice under the GAAP? Holding gain or loss for hel

Which one is not a correct practice under the GAAP? Holding gain or loss for held-to-maturity securities are estimated at the end of every accounting period trading securities are…

Which one is not correct in the context of tax accounting? corporate income tax

Which one is not correct in the context of tax accounting? corporate income tax is an expense, not a distribution of profits to the government. deferred tax assets might be result…

Which one is the right answer? Bad Brad\'s BBQ had cash flows for the year as fo

Which one is the right answer? Bad Brad's BBQ had cash flows for the year as follows ($ in millions) CASH RECEIVED FROM Customers Interest on investments Sale of land Sale of comm…

Which one of the following accounts are used to display the difference between a

Which one of the following accounts are used to display the difference between assets and liabilities in a federal agency balance sheet? A). Unexpended appropriations and cumulati…

Which one of the following accounts would generally not be found in an adjusting

Which one of the following accounts would generally not be found in an adjusting AJE? Unearned revenue interest receivable Retained earnings Prepaid insurance A floral shop, which…

Which one of the following activities best exemplify capital structure decisions

Which one of the following activities best exemplify capital structure decisions. For this exercise you will be choosing more than one option for your answer: Determine the most a…

Which one of the following activities best exemplify working capital management?

Which one of the following activities best exemplify working capital management? (Points : 4) Sale long-term bonds to raise funds for a new machine. Determine the return of a pote…

Which one of the following activities best exemplify working capital management?

Which one of the following activities best exemplify working capital management? (Points : 4) Sale long-term bonds to raise funds for a new machine. Determine the return of a pote…

Which one of the following activities best exemplify working capital management?

Which one of the following activities best exemplify working capital management? (Points : 4) Sale long-term bonds to raise funds for a new machine. Determine the return of a pote…

Which one of the following below is not an element of internal control? a. risk

Which one of the following below is not an element of internal control? a. risk assessment b. information and communication c. behavior analysis d. monitoring 1. The following inf…

Which one of the following budgeting methodologies would be most appropriate for

Which one of the following budgeting methodologies would be most appropriate for a firm facing a significant level of uncertainty in unit sales volumes for next year? A. Top-down …

Which one of the following do budget reports provide for manager? options: (a.)

Which one of the following do budget reports provide for manager? options: (a.) The nature of corrective action needed (b.) Feedback on operations (c.) The cause of differences be…

Which one of the following events would not require a formal journal entry on a

Which one of the following events would not require a formal journal entry on a corporation's bool 2 for 1 stock split 100% stock dividend 2% stock dividend $1 per share cash divi…

Which one of the following events would not require a journal entry on a corpora

Which one of the following events would not require a journal entry on a corporation's book A company sells 1 million shares of common stock with a par value of $0.02 for $15 a sh…

Which one of the following is NOT an objective of the first-time adoption standa

          Which one of the following is NOT an objective of the first-time adoption standard? Answer                                                     The first set of IFRS fina…

Which one of the following is a corporate reorganization as defined in the Inter

Which one of the following is a corporate reorganization as defined in the Internal Revenue Code? A. Change in inventory costing method from FIFO to LIFO. B. Change in depreciatio…

Which one of the following is a true statement regarding the allocation of partn

Which one of the following is a true statement regarding the allocation of partnership debt among the partners for purposes of calculating basis? a.Nonrecourse debt is not allocat…

Which one of the following is an advantage of both Return on Investment (ROI) an

Which one of the following is an advantage of both Return on Investment (ROI) and Residual income (RI)? They both measure all elements important for measuring short-term financial…

Which one of the following is an example of a perpetuity? Trust income of $1,200

Which one of the following is an example of a perpetuity? Trust income of $1,200 a year forever Retirement pay of $2,200 a month for 20 years Lottery winnings of $1,000 a month fo…

Which one of the following is correct? a) The SEC requires listed companies to l

Which one of the following is correct? a) The SEC requires listed companies to lodge financial statements once every year. b) The U.S. dollar is the monetary unit used in the fina…

Which one of the following is false? a. In a world where interest expense is not

Which one of the following is false? a. In a world where interest expense is not tax deductible, a firm’s capital structure is irrelevant meaning that WAAC is constant for all lev…

Which one of the following is incorrect (false) with respect to the \"impairment

Which one of the following is incorrect (false) with respect to the "impairment" of a long-lived asset? a. an entry is required when the impairment occurs and not just when the as…

Which one of the following is incorrect? Increase to the sales account is record

Which one of the following is incorrect? Increase to the sales account is recorded as credit. Decreases to the sales account are recorded as debits. The Normal Balance of the sale…