This document appears to be a multiple choice exam for an accounting course covering various topics related to financial accounting. It includes 30 multiple choice questions testing knowledge of concepts like the Sarbanes-Oxley Act, internal controls, accounting for bonds, stockholders' equity, and more. The correct answers to all 30 questions are provided.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stockholders' equity, and accounting for investments.
Acc 291 final exam mcq`s correct answers 100%Austing_3
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like internal controls, cash flows, financial statements, bonds, stock, dividends and treasury stock. The document requests that the recipient leave positive feedback if it is helpful and wishes them good luck on their exam.
This document contains an ACC 291 final exam with 30 multiple choice questions covering topics in accounting such as internal controls, treasury stock, cash flow statements, financial statement analysis, bonds, stockholders' equity, and dividends. The exam tests understanding of concepts, calculations, journal entries, and accounting treatments.
This document contains an ACC 291 final exam with 30 multiple choice questions covering topics in accounting such as internal controls, treasury stock, cash flow statements, financial statement analysis, bonds, stockholders' equity, and dividends. The exam tests understanding of concepts, calculations, journal entries, and accounting treatments.
The document contains 30 multiple choice questions from an ACC 291 Final Exam. The questions cover topics related to accounting principles including the Sarbanes-Oxley Act, treasury stock, cash flows, financial statement analysis, bonds, stockholders' equity, and more. Sample questions ask about internal controls, analyzing income statements, recording bad debts expense, reporting intangible assets, and accounting for notes payable.
The document contains 30 multiple choice questions related to accounting concepts. The questions cover topics such as the Sarbanes-Oxley Act requirements, internal controls, preparing statements of cash flows, analyzing financial statements, accounting for investments, accounting for bonds and notes payable, accounting for stockholders' equity, accounting for dividends, and accounting for treasury stock transactions.
1. The Sarbanes-Oxley Act requires publicly traded companies to maintain internal controls to safeguard assets.
2. The purchase of treasury stock decreases the number of shares outstanding.
3. Using the direct method, Marsh Company's cash payments for operating expenses would be $232,000.
This document provides the questions and multiple choice answers to the ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, purchasing treasury stock, analyzing cash flows, performing vertical analysis, accounting for bonds payable, accounting for stock transactions, and accounting for dividends. The questions assess understanding of concepts in financial accounting and reporting.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stockholders' equity, and accounting for investments.
Acc 291 final exam mcq`s correct answers 100%Austing_3
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like internal controls, cash flows, financial statements, bonds, stock, dividends and treasury stock. The document requests that the recipient leave positive feedback if it is helpful and wishes them good luck on their exam.
This document contains an ACC 291 final exam with 30 multiple choice questions covering topics in accounting such as internal controls, treasury stock, cash flow statements, financial statement analysis, bonds, stockholders' equity, and dividends. The exam tests understanding of concepts, calculations, journal entries, and accounting treatments.
This document contains an ACC 291 final exam with 30 multiple choice questions covering topics in accounting such as internal controls, treasury stock, cash flow statements, financial statement analysis, bonds, stockholders' equity, and dividends. The exam tests understanding of concepts, calculations, journal entries, and accounting treatments.
The document contains 30 multiple choice questions from an ACC 291 Final Exam. The questions cover topics related to accounting principles including the Sarbanes-Oxley Act, treasury stock, cash flows, financial statement analysis, bonds, stockholders' equity, and more. Sample questions ask about internal controls, analyzing income statements, recording bad debts expense, reporting intangible assets, and accounting for notes payable.
The document contains 30 multiple choice questions related to accounting concepts. The questions cover topics such as the Sarbanes-Oxley Act requirements, internal controls, preparing statements of cash flows, analyzing financial statements, accounting for investments, accounting for bonds and notes payable, accounting for stockholders' equity, accounting for dividends, and accounting for treasury stock transactions.
1. The Sarbanes-Oxley Act requires publicly traded companies to maintain internal controls to safeguard assets.
2. The purchase of treasury stock decreases the number of shares outstanding.
3. Using the direct method, Marsh Company's cash payments for operating expenses would be $232,000.
This document provides the questions and multiple choice answers to the ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, purchasing treasury stock, analyzing cash flows, performing vertical analysis, accounting for bonds payable, accounting for stock transactions, and accounting for dividends. The questions assess understanding of concepts in financial accounting and reporting.
Acción irritante de las vías respiratorias superioresjoanarceh
El amoniaco es un gas incoloro que se utiliza comúnmente como fertilizante y refrigerante. Afecta principalmente las vías respiratorias superiores y puede causar irritación de la tráquea e incluso la muerte a altas concentraciones. Los trabajadores en industrias como la producción de fertilizantes y refinerías de petróleo están expuestos al amoniaco y deben usar equipo de protección como respiradores y ropa protectora.
El documento describe los orígenes del anti-formalismo jurídico como respuesta a los rápidos cambios sociales, económicos y culturales de la industrialización y urbanización. Estos cambios generaron consecuencias laborales como jornadas de trabajo extenuantes sin regulación, baja remuneración y trabajo infantil. También trajeron consecuencias sociales como poca protección a la mujer, bajos niveles educativos, déficit de vivienda y grandes desigualdades. Esto llevó a movilizaciones masivas para obtener cambios sociales
Trabalho eletiva de Informatica educativa no CefetAline Souza
O documento discute dois tipos de uso da informática na educação: a "informática educativa" que utiliza computadores como recurso para transformar o ambiente de aprendizagem de forma motivante, explorando possibilidades para resolver problemas de diferentes formas; e a "burocratização escolar" que trata o computador como mais uma disciplina a ser cumprida com nota e prova, reforçando métodos desgastados da escola.
Yorktown Middle School will hold a car and truck show on March 17, 2013 from 12pm to 4pm at Ragan Western Auto on Route 17 in Grafton, with a rain date of April 7. The $5 entry fee provides a choice of 1 lb of barbecue or 6 wings, and proceeds will benefit the YMS Choral Department.
This document provides instructions for creating a social website in 3 steps:
1. Sign up with personal details to create an account.
2. Choose a domain name for the site that will be added to the main site URL.
3. Personalize the site by adding hyperlinks to other sites, downloading apps from the app menu, uploading music and photos from your computer, and sharing content with friends.
The liver is the largest organ in the body and performs many essential functions including converting food to energy, eliminating toxins from the blood, and producing bile to aid digestion. Liver damage, also called hepatotoxicity, occurs when the liver is unable to perform these important functions properly. Common causes of liver damage include chronic alcoholism, viral hepatitis, autoimmune disorders, inherited conditions, medication reactions, and environmental toxins. Botulinum toxin, produced by the bacterium Clostridium botulinum, is one of the most poisonous substances known and is used in certain medications but can damage the liver over time if not replaced by a safer alternative ingredient.
El resumen informa a los apoderados sobre los requerimientos académicos para la próxima semana, incluyendo que deben enviar certificados médicos para educación física, una recuperación de clases programada y libros y materiales que los estudiantes deben traer para diferentes asignaturas como lenguaje, matemáticas e historia. También recuerda fechas límite para entregar guías SIMCE y desea a los estudiantes felices vacaciones de invierno.
El documento anuncia un proceso de selección abreviada por subasta inversa para contratar el suministro de 2000 sillas universitarias y 20 tableros magnéticos para instituciones educativas en Apartadó, Antioquia. El presupuesto es de $165.316.240 COP y el plazo de ejecución es de 15 días. Se invita a personas naturales y jurídicas a presentar ofertas del 7 al 15 de junio en la Oficina Jurídica municipal. El cronograma incluye fechas para adendas, apertura y ver
O Centro de Educação e Convivência Juvenil Coronel Gaspar / Projeto Chiquinho oferece diversas oficinas educacionais, culturais e esportivas para a comunidade, com o objetivo de promover a formação integral dos participantes. As atividades incluem artes, música, esportes, informática, empreendedorismo e saúde. O centro também realiza formação continuada para os professores.
El documento describe los pasos para enmarcar una fotografía y el proceso de congelado. Para enmarcar, se escogen y cortan madera, se pegan las esquinas formando un ángulo de 40 grados, se pinta y deja secar. Para el congelado, el agua subterránea se almacena y se le agregan químicos para purificarla antes de empacarla para la venta.
1. El documento resume las ideas principales de François Gény sobre el método jurídico vigente y su propuesta de un nuevo método. 2. Gény criticó el método tradicional por ser subjetivo, hipócrita e inmovilizar el derecho. Propuso un método basado en la libre investigación científica cuando la ley no provee una solución. 3. El nuevo método permitiría al juez ir más allá del significado original de la norma buscando la justicia adecuada al caso, siempre sujeto a ciertas limitaciones.
Este documento describe los riesgos de intoxicación por disolventes orgánicos volátiles y cómo prevenirlos. Las personas más expuestas son los trabajadores que usan disolventes en industrias como fabricación de lacas, química y petroquímica. Los disolventes se distribuyen ampliamente en el cuerpo y pueden causar efectos neurológicos y síntomas como náuseas y vómitos. Para prevenir intoxicaciones, se recomienda almacenar y etiquetar productos de manera segura, usar equipo
El documento habla sobre el benceno, un hidrocarburo aromático utilizado como solvente en diversas industrias. Explica que el benceno es cancerígeno y debe manejarse con cuidado. También describe los efectos de la intoxicación aguda y crónica por benceno, incluyendo síntomas como mareos, convulsiones y anemia aplásica. Por último, recomienda tratamientos como la respiración artificial para la intoxicación aguda y medicamentos homeopáticos para la intoxicación crónica.
Este documento trata sobre la dinámica de las poblaciones humanas. Explica conceptos como demografía, que estudia las estadísticas de población como natalidad y mortalidad. También describe cómo se miden las poblaciones a través de tasas de crecimiento y cómo factores como fertilidad, migración y distribución por edades afectan estas tasas. Además, discute los límites biológicos y sociales de la población, incluyendo la capacidad de carga del ambiente y factores como densidad poblacional,
Este documento describe los riesgos de la intoxicación por insecticidas organofosforados como el tetra-fosfato hexaetílico y el pirofosfato tetraetílico. Explica que estos químicos se usan como plaguicidas y su mecanismo de acción es inhibir la acetilcolinesterasa. Las personas con mayor riesgo de exposición son los trabajadores de empresas que producen o aplican estos plaguicidas. El documento enfatiza la importancia de la educación sobre el uso seguro de los plaguicidas y la capac
Aviso convocatoria suministro materiales para andenes 07 11-2012mcriverah
El documento anuncia una convocatoria pública para el suministro de materiales para la construcción de andenes en Apartadó, Antioquia. Se llevará a cabo mediante subasta inversa presencial del 7 al 14 de noviembre. El presupuesto es de $95.100.800 COP y el contrato tendrá una duración de 2 días a partir de la firma del acta de inicio.
D-Tienda es un proyecto de negocio electrónico que ofrecerá una página web para que las tiendas de cadena puedan promocionar sus descuentos y promociones. La página también funcionará como una red social para que las personas puedan buscar y compartir descuentos. D-Tienda busca diferenciarse al manejar una base de datos de usuarios para mejorar las campañas publicitarias de las tiendas asociadas.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stock transactions, and accounting for bonds. The questions assess understanding of concepts in financial accounting.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stock transactions, and accounting for bonds. The questions assess understanding of concepts in financial accounting.
Acción irritante de las vías respiratorias superioresjoanarceh
El amoniaco es un gas incoloro que se utiliza comúnmente como fertilizante y refrigerante. Afecta principalmente las vías respiratorias superiores y puede causar irritación de la tráquea e incluso la muerte a altas concentraciones. Los trabajadores en industrias como la producción de fertilizantes y refinerías de petróleo están expuestos al amoniaco y deben usar equipo de protección como respiradores y ropa protectora.
El documento describe los orígenes del anti-formalismo jurídico como respuesta a los rápidos cambios sociales, económicos y culturales de la industrialización y urbanización. Estos cambios generaron consecuencias laborales como jornadas de trabajo extenuantes sin regulación, baja remuneración y trabajo infantil. También trajeron consecuencias sociales como poca protección a la mujer, bajos niveles educativos, déficit de vivienda y grandes desigualdades. Esto llevó a movilizaciones masivas para obtener cambios sociales
Trabalho eletiva de Informatica educativa no CefetAline Souza
O documento discute dois tipos de uso da informática na educação: a "informática educativa" que utiliza computadores como recurso para transformar o ambiente de aprendizagem de forma motivante, explorando possibilidades para resolver problemas de diferentes formas; e a "burocratização escolar" que trata o computador como mais uma disciplina a ser cumprida com nota e prova, reforçando métodos desgastados da escola.
Yorktown Middle School will hold a car and truck show on March 17, 2013 from 12pm to 4pm at Ragan Western Auto on Route 17 in Grafton, with a rain date of April 7. The $5 entry fee provides a choice of 1 lb of barbecue or 6 wings, and proceeds will benefit the YMS Choral Department.
This document provides instructions for creating a social website in 3 steps:
1. Sign up with personal details to create an account.
2. Choose a domain name for the site that will be added to the main site URL.
3. Personalize the site by adding hyperlinks to other sites, downloading apps from the app menu, uploading music and photos from your computer, and sharing content with friends.
The liver is the largest organ in the body and performs many essential functions including converting food to energy, eliminating toxins from the blood, and producing bile to aid digestion. Liver damage, also called hepatotoxicity, occurs when the liver is unable to perform these important functions properly. Common causes of liver damage include chronic alcoholism, viral hepatitis, autoimmune disorders, inherited conditions, medication reactions, and environmental toxins. Botulinum toxin, produced by the bacterium Clostridium botulinum, is one of the most poisonous substances known and is used in certain medications but can damage the liver over time if not replaced by a safer alternative ingredient.
El resumen informa a los apoderados sobre los requerimientos académicos para la próxima semana, incluyendo que deben enviar certificados médicos para educación física, una recuperación de clases programada y libros y materiales que los estudiantes deben traer para diferentes asignaturas como lenguaje, matemáticas e historia. También recuerda fechas límite para entregar guías SIMCE y desea a los estudiantes felices vacaciones de invierno.
El documento anuncia un proceso de selección abreviada por subasta inversa para contratar el suministro de 2000 sillas universitarias y 20 tableros magnéticos para instituciones educativas en Apartadó, Antioquia. El presupuesto es de $165.316.240 COP y el plazo de ejecución es de 15 días. Se invita a personas naturales y jurídicas a presentar ofertas del 7 al 15 de junio en la Oficina Jurídica municipal. El cronograma incluye fechas para adendas, apertura y ver
O Centro de Educação e Convivência Juvenil Coronel Gaspar / Projeto Chiquinho oferece diversas oficinas educacionais, culturais e esportivas para a comunidade, com o objetivo de promover a formação integral dos participantes. As atividades incluem artes, música, esportes, informática, empreendedorismo e saúde. O centro também realiza formação continuada para os professores.
El documento describe los pasos para enmarcar una fotografía y el proceso de congelado. Para enmarcar, se escogen y cortan madera, se pegan las esquinas formando un ángulo de 40 grados, se pinta y deja secar. Para el congelado, el agua subterránea se almacena y se le agregan químicos para purificarla antes de empacarla para la venta.
1. El documento resume las ideas principales de François Gény sobre el método jurídico vigente y su propuesta de un nuevo método. 2. Gény criticó el método tradicional por ser subjetivo, hipócrita e inmovilizar el derecho. Propuso un método basado en la libre investigación científica cuando la ley no provee una solución. 3. El nuevo método permitiría al juez ir más allá del significado original de la norma buscando la justicia adecuada al caso, siempre sujeto a ciertas limitaciones.
Este documento describe los riesgos de intoxicación por disolventes orgánicos volátiles y cómo prevenirlos. Las personas más expuestas son los trabajadores que usan disolventes en industrias como fabricación de lacas, química y petroquímica. Los disolventes se distribuyen ampliamente en el cuerpo y pueden causar efectos neurológicos y síntomas como náuseas y vómitos. Para prevenir intoxicaciones, se recomienda almacenar y etiquetar productos de manera segura, usar equipo
El documento habla sobre el benceno, un hidrocarburo aromático utilizado como solvente en diversas industrias. Explica que el benceno es cancerígeno y debe manejarse con cuidado. También describe los efectos de la intoxicación aguda y crónica por benceno, incluyendo síntomas como mareos, convulsiones y anemia aplásica. Por último, recomienda tratamientos como la respiración artificial para la intoxicación aguda y medicamentos homeopáticos para la intoxicación crónica.
Este documento trata sobre la dinámica de las poblaciones humanas. Explica conceptos como demografía, que estudia las estadísticas de población como natalidad y mortalidad. También describe cómo se miden las poblaciones a través de tasas de crecimiento y cómo factores como fertilidad, migración y distribución por edades afectan estas tasas. Además, discute los límites biológicos y sociales de la población, incluyendo la capacidad de carga del ambiente y factores como densidad poblacional,
Este documento describe los riesgos de la intoxicación por insecticidas organofosforados como el tetra-fosfato hexaetílico y el pirofosfato tetraetílico. Explica que estos químicos se usan como plaguicidas y su mecanismo de acción es inhibir la acetilcolinesterasa. Las personas con mayor riesgo de exposición son los trabajadores de empresas que producen o aplican estos plaguicidas. El documento enfatiza la importancia de la educación sobre el uso seguro de los plaguicidas y la capac
Aviso convocatoria suministro materiales para andenes 07 11-2012mcriverah
El documento anuncia una convocatoria pública para el suministro de materiales para la construcción de andenes en Apartadó, Antioquia. Se llevará a cabo mediante subasta inversa presencial del 7 al 14 de noviembre. El presupuesto es de $95.100.800 COP y el contrato tendrá una duración de 2 días a partir de la firma del acta de inicio.
D-Tienda es un proyecto de negocio electrónico que ofrecerá una página web para que las tiendas de cadena puedan promocionar sus descuentos y promociones. La página también funcionará como una red social para que las personas puedan buscar y compartir descuentos. D-Tienda busca diferenciarse al manejar una base de datos de usuarios para mejorar las campañas publicitarias de las tiendas asociadas.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stock transactions, and accounting for bonds. The questions assess understanding of concepts in financial accounting.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stock transactions, and accounting for bonds. The questions assess understanding of concepts in financial accounting.
This document provides the questions and multiple choice answers to the ACC/291 Final Exam. There are 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, analyzing financial statements, accounting for assets and liabilities, accounting for stock transactions, and accounting for bonds. The questions assess understanding of concepts in financial accounting.
Acc 291 final exam mcq`s correct answers 100%liamSali
This document provides the answers to a 30 question multiple choice exam on accounting concepts. It covers topics like internal controls, cash flows, financial statements, bonds, stock, dividends and treasury stock. The document encourages the reader to leave positive feedback if it helped them and wishes them good luck on their exam.
This document provides a 30-question multiple choice exam guide for ACC 291 at UOP. It tests concepts related to financial accounting, including recording bad debts, intangible assets, bonds, stock, treasury stock, cash flows, and analysis of financial statements. It also includes questions about the Sarbanes-Oxley Act and internal controls. The guide provides the questions, multiple choice answers, and identifies the key topics being assessed.
1) Hahn Company uses the percentage of sales method for recording .docxdorishigh
1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?
A.
Bad Debts Expense
................
................
$15,000
Allowances for Doubtful Accounts
................
................
$15,000
B.
Bad Debts Expense
................
................
$12,000
Allowances for Doubtful Accounts
................
................
$12,000
C.
Bad Debts Expense
................
................
$12,000
Accounts Receivable
................
................
.................
$12,000
D.
Bad Debts Expense
................
................
$15,000
Accounts Receivable
................
................
.................
$15,000
2) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period?
A.
$15,000
B.
$12,000
C.
$18,000
D.
$8,000
3) Intangible assets
A.
should be reported under the heading Property, Plant, and Equipment
B.
should be reported as a separate classification on the balance sheet
C.
should be reported as Current Assets on the balance sheet
D.
are not reported on the balance sheet because they lack physical substance
4) Intangible assets are the rights and privileges that result from ownership of long-lived assets that
A.
must be generated internally
B.
are depletable natural resources
C.
do not have physical substance
D.
have been exchanged at a gain
5) The book value of an asset is equal to the
A.
asset’s market value less its historic cost
B.
blue book value relied on by secondary markets
C.
replacement cost of the asset
D.
asset’s cost less accumulated depreciation
6) Gains on an exchange of plant assets that has commercial substance are
A.
deducted from the cost of the new asset acquired
B.
deferred
C.
not possible
D.
recognized immediately
7) Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are referred to as
A.
capital expenditures
B.
expense expenditures
C.
improvements
D.
revenue expenditures
8) Costs incurred to increase the operating efficiency or useful life of a plant asset are referred to as
A.
capital expenditures
B.
expense expenditures
C.
ordinary repairs
D.
revenue expenditures
9) When an interest-bearing note matures, the balance in the Notes Payable account is
A.
less than the total amount repaid by the borrower
B.
the difference between the maturity value of the note and the face value of the note
C.
equal to the total amount repaid by the owner
D.
greater than the total amount repaid by the owner
10) The interest charged on a $200,000 ...
This document provides a 30 question multiple choice practice exam for ACC 291. It covers topics like accounting for bad debts, book value of assets, accounting for bonds, stockholders equity, treasury stock transactions, and cash flow statements. It also includes questions about the Sarbanes-Oxley Act regarding internal controls and penalties for executives.
This document contains a 100-question multiple choice exam on accounting principles. The exam covers topics such as internal controls, treasury stock, cash flows, financial statement analysis, bonds, dividends, and more. It is designed to test the test-taker's knowledge of concepts commonly assessed on an ACC 291 Final Exam.
This document provides the questions and multiple choice answers to the ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, purchasing treasury stock, preparing a statement of cash flows, performing vertical analysis, accounting for bonds payable, accounting for stockholders' equity, accounting for dividends, and accounting for the sale of treasury stock.
This document provides the questions and multiple choice answers to the ACC 291 Final Exam. It includes 30 multiple choice questions covering topics like the Sarbanes-Oxley Act, internal controls, purchasing treasury stock, preparing a statement of cash flows, performing vertical analysis, accounting for bonds payable, accounting for stockholders' equity, accounting for dividends, and accounting for the sale of treasury stock.
This document provides 30 multiple choice questions related to accounting principles and concepts covered in ACC 291. The questions cover topics such as recording bad debts expense, calculating intangible assets, book value, capital expenditures, notes payable, bonds payable, stock transactions, cash flow statements, and corporate governance/compliance.
The document contains 30 multiple choice questions about accounting concepts and principles such as recording bad debts expense, intangible assets, bonds, stock, treasury stock, cash flows, and internal controls. It provides the questions along with a link to view the answers.
Acc 291 final exam11 if a corporation issued $3000000 in bonds which pay 10% ...Mishi Linkon
The document contains 30 multiple choice questions about accounting concepts and principles such as recording bad debts expense, book value of assets, accounting for bonds payable, stockholders' equity, and internal controls. The questions cover a wide range of introductory financial accounting topics tested on principles of accounting exams.
Acc 291 final exam17 abc inc has 1000 shares of 5% $100 par value cumulative ...Mishi Linkon
The document contains 30 multiple choice questions about accounting concepts and principles such as recording bad debts expense, calculating interest on notes payable, accounting for bonds payable, analyzing financial statements, accounting for treasury stock transactions, and internal controls. The questions cover a wide range of introductory financial accounting topics.
30 the sarbanes oxley act requires that all publicly traded companies maintai...Mishi Linkon
The document contains 30 multiple choice questions about accounting concepts and principles such as recording bad debts expense, book value of assets, accounting for bonds payable, dividends, treasury stock, income statements, internal controls, and the Sarbanes-Oxley Act. It provides the questions along with a link to view the answers. The questions cover a wide range of topics within financial accounting.
Acc 291 final exam2 using the percentage of receivables method for recording ...Mishi Linkon
The document contains 27 multiple choice questions about accounting concepts and principles. The questions cover topics such as recording bad debts expense, book value of assets, accounting for bonds payable, accounting for treasury stock transactions, and components of an effective corporate culture. The questions are part of an online accounting tutorial with clickable answer keys.
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IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
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This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
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Authentically Social by Corey Perlman - EO Puerto Rico
Acc 291 final exam
1. ACC 291 Final Exam Correct 100% Grade
(A+) Original
1.The Sarbanes-Oxley Act requires that all publicly traded companies maintain a system of internal
controls. Internal controls can be defined as a plan to
A.safeguard assets
B.monitor balance sheets
C.control liabilities
D.evaluate capital stock
2. The purchase of treasury stock
A. decreases common stock authorized
B. decreases common stock issued
C. decreases common stock outstanding
D. has no effect on common stock outstanding
3. Marsh Company has other operating expenses of $240,000. There has been an increase in prepaid
expenses of $16,000 during the year, and accrued liabilities are $24,000 lower than in the prior period.
Using the direct method of reporting cash flows from operating activities, what were Marsh's cash
payments for operating expenses?
A. $228,000
B. $232,000
C. $200,000
D. $280,000
4. Inperforming a vertical analysis, the base for cost of goods sold is
2. A. total selling expenses
B. net sales
C. total revenues
D. total expense
5. Blanco, Inc. has the following income statement (in millions):
BLANCO, INC.
Income Statement
For the Year Ended December 31, 2011
Net Sales .............................. $200
Cost of Goods Sold .............................. 120
Gross Profit .............................. 80
Operating Expenses .............................. 44
Net Income .............................. $ 36
Using vertical analysis, what percentage is assigned to Net Income?
A. 100%
B. 82%
C. 18%
D. 25%
6. Where would the event purchased land for cash appear, if at all, on the indirect statement of cash
flows?
A. Operating activities section
B. Investing activities section
C. Financing activities section
D. Does not represent a cash flow
7. Dawson Company issued 500 shares of no-par common stock for $4,500. Which of the following
journal entries would be made if the stock has a stated value of $2 per share?
3. A.
Cash ........................................................... $4,500
Common Stock 4,500
B.
Cash .................................... $4,500
Common Stock 1,000
Paid-In Capital in Excess of Par 3,500
C.
Cash ...................... $4,500
Common Stock 1,000
Paid-In Capital in Excess of Stated Value 3,500
D.
Common Stock ........................................................... $4,500
Cash 4,500
8. Andrews, Inc. paid $45,000 to buy back 9,000 shares of its $1 par value common stock. This stock was
sold later at a selling price of $6 per share. The entry to record the sale includes a
A. credit to Paid-In Capital from Treasury Stock for $9,000
B. credit to Retained Earnings for $9,000
C. debit to Pain-In Capital from Treasury Stock for $45,000
D. debit to Retained Earnings for $45,000
9. Which of the following is a fundamental factor in having an effective, ethical corporate culture?
A. Efficient oversight by the company’s Board of Directors
B. Workplace ethics
C. Code of conduct
D. Ethics management programs
10. Two individuals at a retail store work the same cash register. You evaluate this situation as
4. A. a violation of establishment of responsibility
B. a violation of segregation of duties
C. supporting the establishment of responsibility
D. supporting internal independent verification
11. The Sarbanes-Oxley Act imposed which new penalty for executives?
A. Fines
B. Suspension
C. Criminal prosecution for executives
D. Return of ill-gotten gains
12. Hahn Company uses the percentage of sales method for recording bad debts expense. For the year,
cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales
percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?
A.
Bad Debts Expense ................ ................ $15,000
Allowances for Doubtful Accounts ................ ................ $15,000
B.
Bad Debts Expense ................ ................ $12,000
Allowances for Doubtful Accounts ................ ................ $12,000
C.
Bad Debts Expense ................ ................ $12,000
Accounts Receivable ................ ................ ................. $12,000
D.
Bad Debts Expense ................ ................ $15,000
Accounts Receivable ................ ................ ................. $15,000
13. Using the percentage of receivables method for recording bad debts expense, estimated
uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000
credit before adjustment, what is the amount of bad debts expense for that period?
5. A. $15,000
B. $12,000
C. $18,000
D. $8,000
14. Intangible assets
A. should be reported under the heading Property, Plant, and Equipment
B. should be reported as a separate classification on the balance sheet
C. should be reported as Current Assets on the balance sheet
D. are not reported on the balance sheet because they lack physical substance
15. Intangible assets are the rights and privileges that result from ownership of long-lived assets that
A. must be generated internally
B. are depletable natural resources
C. do not have physical substance
D. have been exchanged at a gain
16. The book value of an asset is equal to the
A. asset’s market value less its historic cost
B. blue book value relied on by secondary markets
C. replacement cost of the asset
D. asset’s cost less accumulated depreciation
17. Gains on an exchange of plant assets that has commercial substance are
A. deducted from the cost of the new asset acquired
B. deferred
C. not possible
D. recognized immediately
6. 18. Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are
referred to as
A. capital expenditures
B. expense expenditures
C. improvements
D. revenue expenditures
19. When an interest-bearing note matures, the balance in the Notes Payable account is
A. less than the total amount repaid by the borrower
B. the difference between the maturity value of the note and the face value of the note
C. equal to the total amount repaid by the owner
D. greater than the total amount repaid by the owner
20. The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be
A. $12,000
B. $6,000
C. $3,000
D. $2,000
21. Costs incurred to increase the operating efficiency or useful life of a plant asset are referred to as
A. capital expenditures
B. expense expenditures
C. ordinary repairs
D. revenue expenditures
22. If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net
cash cost of this borrowing if the income tax rate is 30%?
A. $3,000,000
7. B. $90,000
C. $300,000
D. $210,000
23. Hilton Company issued a four-year interest-bearing note payable for $300,000 on January 1, 2011.
Each January the company is required to pay $75,000 on the note. How will this note be reported on the
December 31, 2012 balance sheet?
A. Long-term debt, $300,000.
B. Long-term debt, $225,000.
C. Long-term debt, $150,000; Long-term debt due within one year, $75,000.
D. Long-term debt, $225,000; Long-term debt due within one year, $75,000.
24. Acorporation issued $600,000, 10%, 5-year bonds on January 1, 2011 for 648,666, which reflects an
effective-interest rate of 8%. Interest is paid semiannually on January 1 and July 1. If the corporation
uses the effective-interest method of amortization of bond premium, the amount of bond interest
expense to be recognized on July 1, 2011, is
A. $30,000
B. $24,000
C. $32,434
D. $25,946
25. When the effective-interest method of bond discount amortization is used
A. the applicable interest rate used to compute interest expense is the prevailing market interest rate on
the date of each interest payment date
B. the carrying value of the bonds will decrease each period
C. interest expense will not be a constant dollar amount over the life of the bond
D. interest paid to bondholders will be a function of the effective-interest rate on the date the bonds
were issued
26. If a corporation has only one class of stock, it is referred to as
A. classless stock
8. B. preferred stock
C. solitary stock
D. common stock
27. Capital stock to which the charter has assigned a value per share is called
A. par value stock
B. no-par value stock
C. stated value stock
D. assigned value stock
28. ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1
par value common stock outstanding at December 31, 2011. What is the annual dividend on the
preferred stock?
A. $50 per share
B. $5,000 in total
C. $500 in total
D. $.50 per share
29. Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000
shares of $1 par value common stock outstanding at December 31, 2011. There were no dividends
declared in 2010. The board of directors declares and pays a $45,000 dividend in 2011. What is the
amount of dividends received by the common stockholders in 2011?
A. $0
B. $25,000
C. $45,000
D. $20,000
30. When the selling price of treasury stock is greater than its cost, the company credits the difference
to
A. Gain on Saleof Treasury Stock
B. Paid-in Capital from Treasury Stock