Reference no: EM13823191
1. The bank collected a note receivable of $1,000. How would this information be included on the bank reconciliation?
An addition on the bank side
A deduction on the book side
An addition on the book side
A deduction on the bank side
2. If an investor company buys stocks in another company to hold for investment (representing less than 20% of the investee stock and they do not plan to sell the stocks in the near future, that investment would be classified as a(n):
trading equity investment.
available-for-sale debt investment.
available-for-sale equity investment.
held-to-maturity debt investment.
3. Which of the following depreciation methods does NOT use a residual value in the depreciation formula?
Units-of-production
Double-declining-balance
Straight-line
First-In, First-Out
4. The mark-to-market method means:
trading investments are carried at original cost on the balance sheet.
trading investments are carried at current market value on the balance sheet.
trading investments are carried as long-term assets on the balance sheet.
trading investments are carried at discounted values on the balance sheet .
5. Which of the following requires that financial statements should report the LEAST favorable figures?
Accounting conservatism
Materiality concept
Disclosure principle
Consistency principle
|
Write an essay about the seriousness of global warming
: Write an essay about The seriousness of global warming.
|
|
Hazardous materials present at the refinery facilities
: Discuss the hazards posed by the interaction of the hazardous materials present at the refinery and adjacent facilities, including the resulting by-products of the incident fire and acid gas release.
|
|
Discuss the respect diversity in children and families
: Respect diversity in children and families.- Recognize that children and adults achieve their full potential in the context of relationships that are based on trust and respect.
|
|
Distance from the homeplate to the centerfield fence
: Question 1: Baseball stadiums vary in age, style, size, and in many other ways. Fans might think of the size of the stadium in terms of the number of seats; while the player might measure the size of the stadium by the distance from the homeplate ..
|
|
Residual value in depreciation formula-bank reconciliation
: The bank collected a note receivable of $1,000. How would this information be included on the bank reconciliation? Which of the following depreciation methods does NOT use a residual value in the depreciation formula? Which of the following requires ..
|
|
The conducting loop in the shape of a quartercircle
: The conducting loop in the shape of a quartercircle
|
|
Appreciate childhood as a unique stage of human life cycle
: Appreciate childhood as a unique and valuable stage of the human life cycle; respect the dignity, worth, and uniqueness of each individual (child, family member, and colleague).
|
|
Dishonored note receivable by payee-inventory costing method
: A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31. If the company uses the First-In, First-Out inventory costing method, what is th..
|
|
Discuss the differences between expected outcomes
: Write an essay discussing how an obstruction could influence the operation of a fire protection system in a large, indoor self-storage facility. Discuss the differences between expected outcomes if the notification system worked properly and if th..
|