Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1. A corporation:
a. can continue indefinitely
b. is owned by stockholders
c. has limited risk to stockholders
d. All of the above.
2. The Sarbanes-Oxley Act was passed to:
a. prevent fraud at public companies
b. replace all of the old accounting procedures with new ones
c. improve the accuracy of the company’s financial reporting
d. a and c only
3. A legal firm would be considered a:
a. merchandise company
b. manufacturer
c. service company
d. None of the above.
4. Which of the following is not an asset?
a. Cash
b. Accounts Receivable
c. Accounts Payable
d. Buildings
5. If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner’s equity amount?
a. increase of $2,000
b. decrease of $2,000
c. increase of $10,000
d. decrease of $10,000
6. The claims of creditors against the assets are:
a. expenses
b. revenues
c. liabilities
d. owner’s equity
(
BAM
110
Introduction
to
Accounting
F
inal
Examination
)
(
5
)
7. The Owner’s Equity of Logan’s Company is equal to one-quarter of the total assets. Liabilities equal $60,000. What is the amount of Owner’s Equity?
a. $40,000 b. $20,000 c. $30,000
d. None of the above.
8. Assets are equal to:
a. liabilities + owner’s equity
b. liabilities - owner’s equity
c. liabilities - revenues
d. revenues - expenses
9. A compound entry is:
a. a transaction involving more than one debit and/or credit
b. used to prepare the trial balance
c. the same as the chart of accounts
d. found on the income statement
10. A formal account that has columns for date, explanation, post reference, debit, and credit is called the:
a. T account
b. standard account form
c. ledger
d. chart of accounts
11. A ledger:
a. is a group of accounts and their balances
b. can replace the financial statements
c. is the same as a chart of accounts
d. None of the above.
12. The left side of any account is the:
a. debit side
b. credit side
c. ending balance
d. footings
13. The right side of any account is the:
a. debit side
b. credit side
c. ending balance
d. footings
14. What is the proper entry to show the owner making an investment in the company?
a. a credit to Cash and a debit to Capital
b. a debit to Cash and a credit to Capital
c. a debit to Cash and a credit to Revenue
d. a credit to Cash and a debit to Revenue
15. Which of the following entries would be used to record the billing of fees earned?
a. Debit Accounts Receivable and credit Rental Fees
b. Credit Cash and credit Rental Fees
c. Debit Cash and credit Rental Fees
d. Debit Cash and debit Rental Fees
16. Which of the statements of the rules of debit and credit is true?
a. Decrease Accounts Receivable with a credit and the normal balance is a credit.
b. Increase Accounts Payable with a credit and the normal balance is a credit.
c. Increase Capital with a debit and the normal balance is a de.
UNIT 1Multiple Choice Questions (Enter your answers on the enc.docxwillcoxjanay
UNIT 1
Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1. The type of business organization that can continue indefinitely is known as a:
a. sole proprietorship
b. partnership
c. corporation
d. None of the above.
2. The purpose of the accounting process is to provide financial information about:
a. sole proprietorships
b. small businesses
c. large corporations
d. All of the above.
3. The cash purchase of a truck was recorded as a purchase on credit. Due to this error:
a. assets were overstated
b. liabilities were overstated
c. answers a and b are both correct
d. None of the above.
4. Which of the following would cause one asset to increase and another asset to decrease?
a. The owner invested cash in the business.
b. The business paid a creditor.
c. The business incurred an expense on credit.
d. The business bought supplies for cash.
5. Which accounts are affected when the company buys supplies on account?
a. assets and capital
b. liabilities and capital
c. assets and liabilities
d. None of the above.
6. Which accounts are affected when the company provides services to a cash customer?
a. assets and capital
b. liabilities and capital
c. assets and revenue
d. None of the above.
7. Which accounts are affected when the owner withdraws cash from the business?
a. assets and withdrawals
b. liabilities and capital
c. assets and liabilities
d. None of the above.
8. A chart of accounts:
a. is set up in alphabetical order
b. includes account balances
c. is a listing of all the accounts used by a company
d. All of the above.
9. Accounts payable had a normal starting balance of $800. There were debit postings of $600
and credit postings of $300 during the month. The ending balance is:
a. $500 debit
b. $1,000 debit
c. $500 credit
d. $1,000 credit
10. The beginning balance in the computers account was $2,000. The company purchased an
additional $1000 worth of computers. The balance in the account is:
a. debit of $2,000
b. credit of $3,000
c. debit of $3,000
d. credit of $2,000
11. A list of all the accounts from the ledger with their ending balances is called a:
a. normal balance
b. trial balance
c. chart of accounts
d. footing
12. Which of the following is prepared first?
a. balance sheet
b. income statement
c. statement of owner’s equity
d. trial balance
13. Which type of account would not be reported on the income statement?
a. revenue
b. expenses
c. liabilities
d. None of the above.
14. The left column of a financial statement is often used to:
a. subtotal numbers
b. show credits
c. show totals
d. show debits
15. The beginning capital account would appear on which financial statement?
a. statement of owner’s equity
b. balance sheet
c. income statement
d. None of the above.
16. The income statement contains:
a. liabilities
b. revenues
c. assets
d. Both b and c are correct.
17. Net income or net loss for a period is calculated by which of the following formula?
a. total revenues - total withdrawals
b. ...
1) Anytime an owner removes any asset for personal use it is recor.docxdorishigh
1) Anytime an owner removes any asset for personal use it is recorded as:
A) a withdrawal.
B) payment of a liability.
C) an investment.
D) an expense.
2) The increase or decrease in the owner’s equity is reported on the:
A) statement of owner’s equity.
B) income statement.
C) balance sheet.
D) all of these
3) The purpose of the accounting process is to provide financial information on:
A) large corporations.
B) small businesses.
C) individuals.
D) All of these answers are correct.
4) Which of the following is not a business organization form?
A) Corporation
B) Sole proprietorship
C) Operation
D) Partnership
5) Owner’s withdrawals:
A) increase expenses.
B) increase liabilities.
C) increase assets.
D) decrease owner’s equity.
6) Cater Right, with total assets of $50,000, borrows $15,000 from the bank.
Which of the following is a True statement upon borrowing the money?
A) Total assets are now $35,000.
B) Owner’s equity is $15,000 more.
C) Total assets are now $50,000.
D) Total assets are now $65,000.
7) Mark paid $500 rent for the month. Identify the accounts affected.
A) Cash and Rent Expenses increase.
B) Cash and Capital increase.
C) Cash decreases, and Rent Expense decreases.
D) Cash decreases, and Rent Expense increases.
8) If Suite Dream Toys’ revenues are less than its expenses during the account-
ing period:
A) the business will incur a loss.
B) owner’s withdrawals decrease owner’s equity.
C) owner withdrawals decrease net income.
D) net income causes liabilities to decrease.
9) The financial statement that shows revenue and expenses for a period of time
is the:
A) statement of owner’s equity.
B) balance sheet.
C) statement of liabilities and capital.
D) income statement.
10) The purchase of a truck with a down payment was recorded as a pure cash
purchase. This error would cause:
A) liabilities were understated.
B) assets were overstated.
C) owner’s equity was overstated.
D) None of the above are correct.
11) The business provided services to a credit customer.
A) Assets and owner’s equity increase.
B) Assets and revenue increase.
C) Liabilities and owner’s equity increase.
D) None of the above are correct.
12) Which of the following transactions would cause an asset to increase and the
owner’s equity to increase?
A) The business bought supplies on account.
B) The owner invested cash in the business.
C) The business incurred an expense on credit.
D) The owner withdrew cash from the business.
13) Which of the following would result if the business provided services to a
customer collecting cash?
A) Cash would increase and Revenue would decrease.
B) Since the cash was collected there is no need to record this.
C) Cash would increase and Capital would increase.
D) Cash would increase and Revenue would increase.
14) A formal account that has columns for date, explanation, post reference,
debit, and credit is called the:
A) T account.
B) ledger.
C) ch ...
1) Anytime an owner removes any asset for personal use it is recor.docxcurranalmeta
1) Anytime an owner removes any asset for personal use it is recorded as:
A) a withdrawal.
B) payment of a liability.
C) an investment.
D) an expense.
2) The increase or decrease in the owner’s equity is reported on the:
A) statement of owner’s equity.
B) income statement.
C) balance sheet.
D) all of these
3) The purpose of the accounting process is to provide financial information on:
A) large corporations.
B) small businesses.
C) individuals.
D) All of these answers are correct.
4) Which of the following is not a business organization form?
A) Corporation
B) Sole proprietorship
C) Operation
D) Partnership
5) Owner’s withdrawals:
A) increase expenses.
B) increase liabilities.
C) increase assets.
D) decrease owner’s equity.
6) Cater Right, with total assets of $50,000, borrows $15,000 from the bank.
Which of the following is a True statement upon borrowing the money?
A) Total assets are now $35,000.
B) Owner’s equity is $15,000 more.
C) Total assets are now $50,000.
D) Total assets are now $65,000.
7) Mark paid $500 rent for the month. Identify the accounts affected.
A) Cash and Rent Expenses increase.
B) Cash and Capital increase.
C) Cash decreases, and Rent Expense decreases.
D) Cash decreases, and Rent Expense increases.
8) If Suite Dream Toys’ revenues are less than its expenses during the account-
ing period:
A) the business will incur a loss.
B) owner’s withdrawals decrease owner’s equity.
C) owner withdrawals decrease net income.
D) net income causes liabilities to decrease.
9) The financial statement that shows revenue and expenses for a period of time
is the:
A) statement of owner’s equity.
B) balance sheet.
C) statement of liabilities and capital.
D) income statement.
10) The purchase of a truck with a down payment was recorded as a pure cash
purchase. This error would cause:
A) liabilities were understated.
B) assets were overstated.
C) owner’s equity was overstated.
D) None of the above are correct.
11) The business provided services to a credit customer.
A) Assets and owner’s equity increase.
B) Assets and revenue increase.
C) Liabilities and owner’s equity increase.
D) None of the above are correct.
12) Which of the following transactions would cause an asset to increase and the
owner’s equity to increase?
A) The business bought supplies on account.
B) The owner invested cash in the business.
C) The business incurred an expense on credit.
D) The owner withdrew cash from the business.
13) Which of the following would result if the business provided services to a
customer collecting cash?
A) Cash would increase and Revenue would decrease.
B) Since the cash was collected there is no need to record this.
C) Cash would increase and Capital would increase.
D) Cash would increase and Revenue would increase.
14) A formal account that has columns for date, explanat.
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
UNIT 1Multiple Choice Questions (Enter your answers on the enc.docxwillcoxjanay
UNIT 1
Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1. The type of business organization that can continue indefinitely is known as a:
a. sole proprietorship
b. partnership
c. corporation
d. None of the above.
2. The purpose of the accounting process is to provide financial information about:
a. sole proprietorships
b. small businesses
c. large corporations
d. All of the above.
3. The cash purchase of a truck was recorded as a purchase on credit. Due to this error:
a. assets were overstated
b. liabilities were overstated
c. answers a and b are both correct
d. None of the above.
4. Which of the following would cause one asset to increase and another asset to decrease?
a. The owner invested cash in the business.
b. The business paid a creditor.
c. The business incurred an expense on credit.
d. The business bought supplies for cash.
5. Which accounts are affected when the company buys supplies on account?
a. assets and capital
b. liabilities and capital
c. assets and liabilities
d. None of the above.
6. Which accounts are affected when the company provides services to a cash customer?
a. assets and capital
b. liabilities and capital
c. assets and revenue
d. None of the above.
7. Which accounts are affected when the owner withdraws cash from the business?
a. assets and withdrawals
b. liabilities and capital
c. assets and liabilities
d. None of the above.
8. A chart of accounts:
a. is set up in alphabetical order
b. includes account balances
c. is a listing of all the accounts used by a company
d. All of the above.
9. Accounts payable had a normal starting balance of $800. There were debit postings of $600
and credit postings of $300 during the month. The ending balance is:
a. $500 debit
b. $1,000 debit
c. $500 credit
d. $1,000 credit
10. The beginning balance in the computers account was $2,000. The company purchased an
additional $1000 worth of computers. The balance in the account is:
a. debit of $2,000
b. credit of $3,000
c. debit of $3,000
d. credit of $2,000
11. A list of all the accounts from the ledger with their ending balances is called a:
a. normal balance
b. trial balance
c. chart of accounts
d. footing
12. Which of the following is prepared first?
a. balance sheet
b. income statement
c. statement of owner’s equity
d. trial balance
13. Which type of account would not be reported on the income statement?
a. revenue
b. expenses
c. liabilities
d. None of the above.
14. The left column of a financial statement is often used to:
a. subtotal numbers
b. show credits
c. show totals
d. show debits
15. The beginning capital account would appear on which financial statement?
a. statement of owner’s equity
b. balance sheet
c. income statement
d. None of the above.
16. The income statement contains:
a. liabilities
b. revenues
c. assets
d. Both b and c are correct.
17. Net income or net loss for a period is calculated by which of the following formula?
a. total revenues - total withdrawals
b. ...
1) Anytime an owner removes any asset for personal use it is recor.docxdorishigh
1) Anytime an owner removes any asset for personal use it is recorded as:
A) a withdrawal.
B) payment of a liability.
C) an investment.
D) an expense.
2) The increase or decrease in the owner’s equity is reported on the:
A) statement of owner’s equity.
B) income statement.
C) balance sheet.
D) all of these
3) The purpose of the accounting process is to provide financial information on:
A) large corporations.
B) small businesses.
C) individuals.
D) All of these answers are correct.
4) Which of the following is not a business organization form?
A) Corporation
B) Sole proprietorship
C) Operation
D) Partnership
5) Owner’s withdrawals:
A) increase expenses.
B) increase liabilities.
C) increase assets.
D) decrease owner’s equity.
6) Cater Right, with total assets of $50,000, borrows $15,000 from the bank.
Which of the following is a True statement upon borrowing the money?
A) Total assets are now $35,000.
B) Owner’s equity is $15,000 more.
C) Total assets are now $50,000.
D) Total assets are now $65,000.
7) Mark paid $500 rent for the month. Identify the accounts affected.
A) Cash and Rent Expenses increase.
B) Cash and Capital increase.
C) Cash decreases, and Rent Expense decreases.
D) Cash decreases, and Rent Expense increases.
8) If Suite Dream Toys’ revenues are less than its expenses during the account-
ing period:
A) the business will incur a loss.
B) owner’s withdrawals decrease owner’s equity.
C) owner withdrawals decrease net income.
D) net income causes liabilities to decrease.
9) The financial statement that shows revenue and expenses for a period of time
is the:
A) statement of owner’s equity.
B) balance sheet.
C) statement of liabilities and capital.
D) income statement.
10) The purchase of a truck with a down payment was recorded as a pure cash
purchase. This error would cause:
A) liabilities were understated.
B) assets were overstated.
C) owner’s equity was overstated.
D) None of the above are correct.
11) The business provided services to a credit customer.
A) Assets and owner’s equity increase.
B) Assets and revenue increase.
C) Liabilities and owner’s equity increase.
D) None of the above are correct.
12) Which of the following transactions would cause an asset to increase and the
owner’s equity to increase?
A) The business bought supplies on account.
B) The owner invested cash in the business.
C) The business incurred an expense on credit.
D) The owner withdrew cash from the business.
13) Which of the following would result if the business provided services to a
customer collecting cash?
A) Cash would increase and Revenue would decrease.
B) Since the cash was collected there is no need to record this.
C) Cash would increase and Capital would increase.
D) Cash would increase and Revenue would increase.
14) A formal account that has columns for date, explanation, post reference,
debit, and credit is called the:
A) T account.
B) ledger.
C) ch ...
1) Anytime an owner removes any asset for personal use it is recor.docxcurranalmeta
1) Anytime an owner removes any asset for personal use it is recorded as:
A) a withdrawal.
B) payment of a liability.
C) an investment.
D) an expense.
2) The increase or decrease in the owner’s equity is reported on the:
A) statement of owner’s equity.
B) income statement.
C) balance sheet.
D) all of these
3) The purpose of the accounting process is to provide financial information on:
A) large corporations.
B) small businesses.
C) individuals.
D) All of these answers are correct.
4) Which of the following is not a business organization form?
A) Corporation
B) Sole proprietorship
C) Operation
D) Partnership
5) Owner’s withdrawals:
A) increase expenses.
B) increase liabilities.
C) increase assets.
D) decrease owner’s equity.
6) Cater Right, with total assets of $50,000, borrows $15,000 from the bank.
Which of the following is a True statement upon borrowing the money?
A) Total assets are now $35,000.
B) Owner’s equity is $15,000 more.
C) Total assets are now $50,000.
D) Total assets are now $65,000.
7) Mark paid $500 rent for the month. Identify the accounts affected.
A) Cash and Rent Expenses increase.
B) Cash and Capital increase.
C) Cash decreases, and Rent Expense decreases.
D) Cash decreases, and Rent Expense increases.
8) If Suite Dream Toys’ revenues are less than its expenses during the account-
ing period:
A) the business will incur a loss.
B) owner’s withdrawals decrease owner’s equity.
C) owner withdrawals decrease net income.
D) net income causes liabilities to decrease.
9) The financial statement that shows revenue and expenses for a period of time
is the:
A) statement of owner’s equity.
B) balance sheet.
C) statement of liabilities and capital.
D) income statement.
10) The purchase of a truck with a down payment was recorded as a pure cash
purchase. This error would cause:
A) liabilities were understated.
B) assets were overstated.
C) owner’s equity was overstated.
D) None of the above are correct.
11) The business provided services to a credit customer.
A) Assets and owner’s equity increase.
B) Assets and revenue increase.
C) Liabilities and owner’s equity increase.
D) None of the above are correct.
12) Which of the following transactions would cause an asset to increase and the
owner’s equity to increase?
A) The business bought supplies on account.
B) The owner invested cash in the business.
C) The business incurred an expense on credit.
D) The owner withdrew cash from the business.
13) Which of the following would result if the business provided services to a
customer collecting cash?
A) Cash would increase and Revenue would decrease.
B) Since the cash was collected there is no need to record this.
C) Cash would increase and Capital would increase.
D) Cash would increase and Revenue would increase.
14) A formal account that has columns for date, explanat.
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
Young Adulthood begins with the individual being on the verge of att.docxrosemarybdodson23141
Young Adulthood begins with the individual being on the verge of attaining several major life tasks. By the end of the Young Adulthood period, the individual should have successfully attained:
Work
: Higher Education, Obtaining a Job, Developing a sense of work ethic and your place in the workforce
Independent Living
: Dorm-life, Find an apartment, buy a home, merge finances with marriage, support spouse and children
Marriage
: Form intimate relationships, make a commitment, find a life-partner
Child Rearing
: bearing and raising children
What happens to the development of the Young Adult if these life tasks are not attained? Include a discussion of how development will be affected by not attaining these life tasks with respect to the developmental theorists discusses in your class notes and text (K.Warner Schae, Erikson, Levinson and Sternberg). Also, include a discussion of current economic or societal reasons as to why Young Adults may not be achieving these life tasks? Use APA citations for all resources used; including your course text.
3 pages
.
Your abilities in international management have been recognize.docxrosemarybdodson23141
Your abilities in international management have been recognized, and your consulting assistance has been requested. The company Quasimoto Enterprises has been approached by a reputed Chinese firm that wants exclusive production and selling rights for one of its new high-tech products. The company has been looking for a strategic partner for the production of this product to reduce costs. Hence, Quasimoto Enterprises is very interested in exploring the possibility of developing relationships with this Chinese firm. This deal is very critical to growth of Quasimoto in the international market. Both parties are anxious and preparing for their first meeting in a month’s time to move this deal forward. This is the first time Quasimoto is doing business with China, and this is also the case with the Chinese firm.
The bold question below is my part of the project That i need you to complete. It has to be 5 double space written pages plus reference page Disregard the other two question and, its not my responsibility. I just added it to the email for you to have a full understanding of the what assignment is.
What does Quasimoto Enterprises need to know about Chinese bargaining behaviors to strike the best possible deal with this company? What should the Chinese firm know about American bargaining behaviors to strike the best possible deal with your company?
In your small group, develop a strategic plan for the negotiation and conflict resolution for Quasimoto's executive team for its first meeting with the Chinese. Also, develop a negotiation and conflict resolution plan for the Chinese firm for its first meeting with the Americans. Please note that because this is an important business deal for both companies, both of your plans should include the bargaining behaviors of both countries. Are there any similarities between their bargaining behaviors? Can they have a win-win deal?
APA format is mandatory (in text and in the reference section).
There are two main types of databases accessible in the library, through “FIND ARTICLES & BOOKS.” Keep in mind that the most popular databases are: ABI Inform Global, Academic Search Premier, and Business Source Premier. As a student, you must steer away from inferior Web sites with anonymous writers, articles found on consultant Web sites, materials on sites like QuickMBA.com, MarketingProfs.com, etc. Dictionaries and Encyclopedias most often repeat the information from your text. Acceptable Internet resources include among others government sites (especially for statistics). You are not permitted to use any open-source Web site in this course.
Present your findings as a 5 -7 pages Word document formatted in APA style.
Submitting your assignment in APA format means, at a minimum, you will need the following:
1. TITLE PAGE. Remember the Running head: AND TITLE IN ALL CAPITALS
2. ABSTRACT. A summary of your paper…not an introduction. Begin writing in third person voice.
3. BODY. The body of your paper begins on t.
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ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
ACC 290 Final Exam
1. Which financial statement is used to determine cash generated from operations?
A. Income statement
B. Statement of operations
C. Statement of cash flows
D. Retained earnings statement
2. In terms of sequence, in what order must the four basic financial statements be prepared?
A. Balance sheet, income statement, statement of cash flows, and capital statement
B. Income statement, capital statement, statement of cash flows, and balance sheet
C. Balance sheet, capital statement, statement of cash flows, and income statement
D. Income statement, capital statement, balance sheet, and statement of cash flows
3. In classifying transactions, which of the following is true in regard to assets?
A. Normal balances and increases are debits
B. Normal balances and decreases are credits
C. Normal balances can either be debits or credits for assets
D. Normal balances are debits and increases can be debits or credits
4. An increase in an expense
Similar to Multiple Choice Questions (Enter your answers on the enclose.docx (20)
Young Adulthood begins with the individual being on the verge of att.docxrosemarybdodson23141
Young Adulthood begins with the individual being on the verge of attaining several major life tasks. By the end of the Young Adulthood period, the individual should have successfully attained:
Work
: Higher Education, Obtaining a Job, Developing a sense of work ethic and your place in the workforce
Independent Living
: Dorm-life, Find an apartment, buy a home, merge finances with marriage, support spouse and children
Marriage
: Form intimate relationships, make a commitment, find a life-partner
Child Rearing
: bearing and raising children
What happens to the development of the Young Adult if these life tasks are not attained? Include a discussion of how development will be affected by not attaining these life tasks with respect to the developmental theorists discusses in your class notes and text (K.Warner Schae, Erikson, Levinson and Sternberg). Also, include a discussion of current economic or societal reasons as to why Young Adults may not be achieving these life tasks? Use APA citations for all resources used; including your course text.
3 pages
.
Your abilities in international management have been recognize.docxrosemarybdodson23141
Your abilities in international management have been recognized, and your consulting assistance has been requested. The company Quasimoto Enterprises has been approached by a reputed Chinese firm that wants exclusive production and selling rights for one of its new high-tech products. The company has been looking for a strategic partner for the production of this product to reduce costs. Hence, Quasimoto Enterprises is very interested in exploring the possibility of developing relationships with this Chinese firm. This deal is very critical to growth of Quasimoto in the international market. Both parties are anxious and preparing for their first meeting in a month’s time to move this deal forward. This is the first time Quasimoto is doing business with China, and this is also the case with the Chinese firm.
The bold question below is my part of the project That i need you to complete. It has to be 5 double space written pages plus reference page Disregard the other two question and, its not my responsibility. I just added it to the email for you to have a full understanding of the what assignment is.
What does Quasimoto Enterprises need to know about Chinese bargaining behaviors to strike the best possible deal with this company? What should the Chinese firm know about American bargaining behaviors to strike the best possible deal with your company?
In your small group, develop a strategic plan for the negotiation and conflict resolution for Quasimoto's executive team for its first meeting with the Chinese. Also, develop a negotiation and conflict resolution plan for the Chinese firm for its first meeting with the Americans. Please note that because this is an important business deal for both companies, both of your plans should include the bargaining behaviors of both countries. Are there any similarities between their bargaining behaviors? Can they have a win-win deal?
APA format is mandatory (in text and in the reference section).
There are two main types of databases accessible in the library, through “FIND ARTICLES & BOOKS.” Keep in mind that the most popular databases are: ABI Inform Global, Academic Search Premier, and Business Source Premier. As a student, you must steer away from inferior Web sites with anonymous writers, articles found on consultant Web sites, materials on sites like QuickMBA.com, MarketingProfs.com, etc. Dictionaries and Encyclopedias most often repeat the information from your text. Acceptable Internet resources include among others government sites (especially for statistics). You are not permitted to use any open-source Web site in this course.
Present your findings as a 5 -7 pages Word document formatted in APA style.
Submitting your assignment in APA format means, at a minimum, you will need the following:
1. TITLE PAGE. Remember the Running head: AND TITLE IN ALL CAPITALS
2. ABSTRACT. A summary of your paper…not an introduction. Begin writing in third person voice.
3. BODY. The body of your paper begins on t.
your 14 years daughter accidently leaves her purse open in the fam.docxrosemarybdodson23141
your 14 years daughter accidently leaves her purse open in the family room and you see a package of birth control pills.
Q1 Brief contribution to the description and definition of the condition.
Q2 Discuss at least one major theoretical approach to explaining and resolving the life span development situation (i. e., mental or developmental disorder, psychosocial change or trauma, or a moral dilemma).
.
Young people are ruining the English languageIn your reflectio.docxrosemarybdodson23141
"Young people are ruining the English language"
In your reflection, respond to the following sub-prompts:
What are the underlying language ideologies of this statement?
What would be a linguist’s take on this statement?
What type of evidence would one need to support the statement?
Do you have a personal position on this statement? Explain.
Has this course (or a related course) influenced your understanding of the issue around this statement? Explain
.
Young man drops out of school in seventh grade and becomes his mothe.docxrosemarybdodson23141
Young man drops out of school in seventh grade and becomes his mothers most wealthiest child. Obtaining a car dealership, a club , and real estate.
How he overcame. The mistakes he made. How the people closest people closest to him helped or hindered him. 3 scenes as an adolescen 3 sscenes as a middle age adult and 3 scenes as an older adult,
.
Young and the RestlessWeek 11 Couples Therapy Movie Experience .docxrosemarybdodson23141
Young and the Restless
Week 11: Couples Therapy Movie Experience & Paper (28 points)
Couples Therapy Movie/TV Experience & Analysis Paper (Due week 11): 28 points
Couples Therapy Movies Experience & Analysis Paper based is based on the UCLA Marriage Enrichment Program & Happily Ever After The Movies & Relationship Study (A research study that is being conducted by Professor Ronald D. Rogge from the University of Rochester’s Department of Clinical and Social Sciences in Psychology) as well as the “PAIR Program” Promoting Awareness and Improving Relationships with Movies, my experience as a LMHC, LPC and LMFT Clinical Supervisor, Prepare/Enrich Certified Marital Counselor, Certified Supreme Court Mediator, and Certified Parent Coordinator.
http://www.courses.rochester.edu/surveys/funk/ (Links to an external site.)Links to an external site.
“A recent study at UCLA of Couples after the first 3 years of marriage (Roggie, et al., 2014) suggested that couples felt enriched by watching movies together and then “engaging in relationship focused” discussions after each movie. In these conversations the couple would discuss how their relationship was similar to different from the intimate relationship portrayed in each movie.’
This is a self-growth and Movie/TV analysis experience activity. Ideally doing this with a partner would be fun however not required. You can do this alone and base it on a relationship you had or one you hope to have or your family. It is not important to disclose if it is your relationship that you are using if you do not want to however be consistent with who you are using in your reflections.
The best approach to this assignment is to pick a show or a movie and watch it the beginning of the term and then at the end unless you choose a TV show to “binge” watch as part of this class or over the 3 months of class to immerse yourself into the show and couples you will be assessing and exploring in this project and take notes based on the assessment questions each time you watch the movie/show.
You will be looking at the following objectives for the couple:
• Explore strength and growth areas
• Strengthen communication skills
• Identify and manage major stressors
• Conflict resolution abilities
• Develop a more balanced relationship
• Explore family of origin issues
• Discuss financial planning and budgeting
• Establish personal, couple and family goals
• Understand and appreciate personality differences
Your Task (Cut and Paste these questions into a WORD document and create a template to use while watching movies/TV shows of your choice):
1) Pick 1 movie or “binge” watch a TV show (at least 4-6 episodes) related to Couples and Family.
2) Answer the following questions in a journal format or paper if you choose referencing the TV show/movies you watch, your text and other Couple and Family Therapy resources you use to support your thoughts/ideas.
1. What movie/TV shows did you watch? List.
You may have seen how financial news outlets provide real-time .docxrosemarybdodson23141
You may have seen how financial news outlets provide real-time financial market reporting. They often produce stock-market news feeds for traders; these news feeds include a stock chart. The stock chart may include different filters that allow you to see how the stock is performing today or has performed over one or more years.
There are many factors that will influence pricing that can’t be controlled or predicted accurately. The approaches used to value stocks (determine what the stock is truly worth) are usually theoretical. You should consider what drives stock prices and why.
For this discussion, first go to Mergent Online. Find the pricing chart under the “Company Details” tab, then click on
Pricing Summary
for your selected company. This is the company you have selected for your Project Two assignment. Filter the time period to one year.
In your initial post, address the following:
Discuss how the stock for your company is trending. Explain why the stock is in either an uptrend or downtrend.
Discuss some of the factors, including environmental, sustainable, and governance (ESG) factors, that you believe have impacted the stock performance and why.
Convince your peers to either invest in your chosen company or to not invest in the company. Explain your reasoning.
In your response posts to at least two peers, discuss the following:
Do you agree with your peer’s argument to either invest or not invest in their company? Explain why or why not, making sure to also include information not previously shared by your peer
Post by Joshue Brown
Discuss how the stock for your company is trending. Explain why the stock is in either an uptrend or downtrend.
Tesla's stock has a positive trend over the past year. The stock has ranged from a low of $187.06 a year ago to a high of $883.09 on January 26, 2021 (Yahoo, 2021a). Tesla's shares have skyrocketed more than 20,000% since it went public in 2010, with its price rising more than 700% over the last year (Levin, 2021). This growth has made Tesla the most valuable car company in the world. There are many reasons for this epic growth. After years of not turning a profit for years, Tesla has finally shown a profit for the last 6 quarters. Tesla also beat estimates by producing more than 500,000 vehicles and selling its fifth vehicle, Modle Y, ahead of schedule (Levin, 2021). In addition, Tesla was added to the S&P 500 on November 16th, 2020, which helped the share price spike. These are the main drivers of the success of Teslas stock over the past 12 months. Another positive trend that has factored into the growth of Tesla's stock is the growing demand for EV stocks in general. Tightening emission regulations and the government's continued push towards renewable energy have also help Tesla's shares rise.
Discuss some of the factors, including environmental, sustainable, and governance (ESG) factors, that you believe have impacted the stock p.
You are responsible for putting together the Harmony Day celebr.docxrosemarybdodson23141
You are responsible for putting together the Harmony Day celebration for Darcy Consulting, this years’ theme is Everyone Belongs.
There will be the following events:
Morning tea (internal)
Art Exhibition opening (Darcy Consulting is the main sponsor of this event)
Put together a communication/project plan for Harmony Day. Communication types to be included are:
Posters promoting both (internally)
Emails promoting both (internally)
Email to clients inviting them to Art Exhibition
Scripted remarks for CEO for the Art Exhibition opening
Scripted remarks for HR Manager for Morning Tea
In your plan you will need to:
Timeline the planning of the events
Timeline the communication
Identify key messages
.
You wrote this scenario from the perspective of Behaviorism learni.docxrosemarybdodson23141
You wrote this scenario from the perspective of Behaviorism learning theory Now I want two scenarios same this scenario but from two different perspectives that they are Cognitivism Learning theory and Social learning theory
For further clarification see attached example
Learning Situation from Behaviorism Learning Theory
The class of 20 students is divided into two teams, having 10 students in each team. The teacher makes two columns on the board for team A and team B. Teacher points out, Yesterday in our history class we studied about the civil rights movement I hope you have well-prepared that topic. Let’s start an informal quiz based on yesterday’s topic. Are you guys ready? Students say, “Yes”! Teacher starts asking questions. Team A! Which sports Jackie Robinson played? Students raised their hands. Robert? Can you give the answer? Robert says soccer. Teacher appreciating Robert’s effort says very good Robert and write 10 under the column of Team A. Next question for Team B, Dr. Martin Luther King Jr. went to the college to become? Students raise their hands. James, can you answer? James says, “Minister”. Teacher appreciates the attempt but the answer is not correct. Ok! Now, what you guys think what was the main contribution of Abraham Lincoln?Timothy raised his hand and replied, he brought freedom and abolish slavery. Rosie raised her hand and replied, he ran the country being a president of the country. Teacher says, when we freedom was attained by the African American it was not solely due to Abraham Lincoln. Who played the actual role? Joseph replies, African Americans themselves. Teacher appreciated Joseph’s answer saying absolutely right. No leader can bring freedom from slavery or racism until its people are themselves not ready to put their efforts. Nation needs to be united to get rid of inequality.
Learning Situation from Cognitivism Learning Theory:
Learning Situation from Social Learning Theory:
3 | Page
Chapter 2 terminology
Psych260
Nervous System-
A network of billions of cells in the brain and the body responsible for all aspects of what we feel, think, and do.
Central nervous system-
The part of the nervous system that consists of the brain and the spinal cord.
Peripheral nervous system-
The part of the nervous central nervous system with the muscles, organs and glands.
Neurons-
The basic units of the nervous system cells that receive integrate and transmit information in the nervous system. Neurons operate through electrical impulses communicate with other neurons through electrical impulses communicate with other neurons through chemical signals and form neural networks.
Dendrites –
Branchlike extensions of the neuron with receptors that detect information from other neurons.
Cell Body-
Part of the neuron where information from thousands of other neurons is collected and integrated.
Axon-
A long narrow outgrowth of a neuron that enables the neuron to transmit information to other neurons..
You worked closely with your IT managers to develop a complementing .docxrosemarybdodson23141
You worked closely with your IT managers to develop a complementing IT strategic plan. Your team identified the new technologies to be implemented in the next 2 years.
In 175 words or more discuss how you would proceed in advancing these technologies from the planning phase to executing and utilizing them in the company.
.
You work in the office of a personal financial planner. He has asked.docxrosemarybdodson23141
You work in the office of a personal financial planner. He has asked you to develop a draft of an initial power point presentation with detailed speaker notes to talk about hedge funds as alternatives available to this company for fund acquisition and the associated risk to the company.
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Unit Materials
Rose, P.S., & Marquis, M.H., chap. 9, 11, 14, & 16
Due Date:
6/29/2014 11:59:59 PM (-2 Days)
Total Pts:
125
Points Earned:
n/a
Category:
Instructions:
Instructor
Comments:
Deliverable Length:
8-10 slides + 600-800 words of speaker notes
Assignment Type:
Individual Project
.
You work in the IT department of a financial services company that s.docxrosemarybdodson23141
You work in the IT department of a financial services company that sells investments to, and manages investment portfolios for, high net worth individuals. Your organization uses custom-built legacy software applications and systems to support its sales processes. The sales software applications and systems are not integrated, and they do not support an enterprise view of the sales processes throughout the organization. Management is frustrated because the sales applications and systems do not provide the information and reports necessary for them to measure, monitor, and manage sales production in the organization. Sales executives and account managers are frustrated because the sales software applications and systems do not support the sales cycle for the products and services that the organization sells.
You have been assigned to analyze your organization’s sales processes and identify an IT system capable of improving the sales processes of your organization. In addition, your organization is looking for an easy-to-use, cloud-based Customer Relationship Management (CRM) solution to generate more leads, increase sales, improve customer service, reduce the cost of sales for the organization, and increase revenue.
The project proposal must include the following items:
· A project definition and scope that defines the project and articulates the business context for the project
· The problems that the proposed system is expected to solve (or opportunities the proposed project is expected to produce)
· The project objectives
· The project methodology or "game plan"
· A high-level schedule for completing the project scope
Instructions
: Fill out each of the sections below with information relevant to your project, and add your company’s name.
Company Name
Project Proposal
Project Scope statement
Project Title:
Project Sponsor(s):
Business Context for the System:
Project Scope Description:
Date Prepared:
Prepared By:
Problems/Issues/opportunities the proposed system expected to Solve
Problems
Issues
Opportunities
·
·
·
project objectives
Project Objective Name
Project Objective Description
project deliverables
Project Deliverable Name
Project Deliverable Description
project acceptance criteria
Project Acceptance Criteria Name
Project Acceptance Criteria Description
project exclusions
Project Exclusion Name
Project Exclusion Description
project constraints
Project Constraint Name
Project Constraint Description
project assumptions
Project Assumption Name
Project Assumption Description
PROJECT METHODOLOGY
high-level work schedule: Project Scope
Description of Work
Assumptions and Constraints
Milestones
Due Dates
ID
Activity
Resource
Labor
Hours
Labor
Rate
Labor
Total
Material
Units
Material
Cost
Material
Total
Total
Cost
.
You work for the Jaguars Bank as the Chief Information Officer. It .docxrosemarybdodson23141
You work for the Jaguars Bank as the Chief Information Officer. It has been brought up to your attention that a security model is needed for protection of information. Using the NSTISSC model, examine each of the cells and write a brief statement on how you would address the three components represented in that cell.
.
You work for OneEarth, an environmental consulting company that .docxrosemarybdodson23141
You work for OneEarth, an environmental consulting company that specializes in building-condition assessments, contaminated-site remediation, and energy audits. Founded by an environmentally concerned citizen in 2010, OneEarth has emerged as the highest-quality and most comprehensive environmental services company in the northern region of the United States.
Recently, ardent local representative Sy Bill Wright contacted OneEarth for assistance evaluating the validity of arguments related to fracking. He agreed to meet with any interest or advocacy groups that wanted to discuss their positions to ensure that he was well-informed about the controversial topic. Now, he needs OneEarth’s help examining the arguments and the evidence they provided to ensure that he makes a sound decision. He believes that OneEarth, a highly-respected environmental firm with strong connections to the local community, could provide critical insights to his evaluation of the advocacy groups’ evidence. Aware of your previous work advising on fossil fuel management, your manager Claire DeAir has asked you to serve as a liaison to representative Wr
Directions
Representative Wright has provided you with all of the information he received from the advocacy or interest groups that he entertained the previous week. This information in available in his email in the Supporting Materials section. In your position paper (750–1,250 words), you will evaluate the arguments of each group, specifically examining their conclusions, premises, assumptions, and evidence. Using your analysis, representative Wright will be able to determine how to take the soundest position on the controversial topic. In your paper, include the following components:
A discussion of the common conceptions and misconceptions about the topic
What is the topic? What are the
common conceptions and misconceptions
about this topic?
What is the context of the topic?
Why is the topic a significant issue?
What was your own opinion as a consultant prior to conducting research?
An identification and description the components of the argument
What is the
main point or conclusion
about the topic?
What are the
main arguments and subarguments
about the topic?
What are the
premises
(reasons for thinking the conclusion is true)? Are there any
missing premises
?
What are the
assumptions
and
biases
?
A recognition and evaluation of the deductive and inductive arguments
If the argument is
deductive
(providing premises that guarantee their conclusions):
Is the argument
valid
? (Are the premises and the conclusions true?)
What types of formal and/or informal
logical fallacies
are used?
Is the argument
sound
?
If the argument is
inductive
(aiming to provide premises that make the conclusion more probable):
Is the argument
strong
(more probable conclusion in light of premises) or
weak
(less probable conclusion i.
You work for an international construction company that has been con.docxrosemarybdodson23141
You work for an international construction company that has been contracted to build the tallest skyscraper in the world in Rio De Janeiro. The financing is coming from Dubai, the materials are coming from China, the engineering and technology is
coming from Germany, and the labor will be hired locally with management from the United States. You invite all of the players to the headquarters in the United States for a big meeting to explain the project and get to know one another. The people seem to be staying with their own groups and not mingling.
·
What is the cultural phenomenon here?
·
How do you explain the lack of intercultural communication?
·
What do you know about these cultures—specifically their economic, political, educational, and social systems—that could help you in getting them together?
·
What are some of the contrasting cultural values of these countries?
You are concerned about some of the language issues as you start the meeting, particularly the fact that the United States is a low-context country, and some of the countries present are high-context countries. Furthermore, you only speak English, and you do not have an interpreter present.
·
How will this affect the presentation?
·
What are some of the issues you should be concerned about regarding verbal and nonverbal language for this group?
·
What strategy would you use to begin to have everyone develop a relationship with each other that will help ease future negotiations, development, and implementation?
.
You will write your Literature Review Section of your EBP Projec.docxrosemarybdodson23141
You will write your Literature Review Section of your EBP Project Proposal. Here is a
Review of Literature Example (Word)
to use as a model or guide. To conduct your literature review, you begin with the search strategy, gather your resources, then start writing your literature review and gap analysis.
Search Strategy
In the literature review section, you are to identify your
search strategy
, which can include the following:
the databases and internet sites or search engines used to explore the literature (CINAHL, Medline, Google, Yahoo, etc.)
the search terms you used
the beginning and ending dates of the period covered in this study
the time period when the search was conducted (e.g., Fall 2008)
any special journals hand-searched and any relevant sources used in performing the literature search
Description of Literature or Gaps in the Literature
The literature review section is a review of studies that are related to your phenomenon. It should take up about eight to ten pages, or approximately 3,000 to 4,000 words. The purpose is to tell the reader what is known about your phenomenon and lead the reader to what is not known about your phenomenon (your research problem). You should have sub-headings throughout this section of the paper.
The literature section discusses the relevant research related to your study. Do not discuss each study individually; instead, synthesize the literature based on your literature matrix. You can discuss individual findings of studies (include all eight studies that you described in your literature matrix in Weeks 4 and 9) as appropriate including the statistical findings and study samples. This section needs to tell the reader what is known about your clinical area of interest. You will also summarize your review of the literature and discuss the gaps you have identified.
Assignment Instructions
Your assignment should be:
Eight to ten pages, or approximately 3,000 to 4,000 words, no cover page required, and the page count doesn’t include the references list
Your search strategy
Description of articles (who, population, sample, what was done, statistical findings, limitations, and so on)
Gaps section: the gaps you have identified from your literature search
Please refer to the
Grading Rubric
for details on how this activity will be graded.
Example of A Literature Review : Follow the below example
Week 9 Review of Literature Example
Written by Jennifer Oddy, Entitled:
Distress And Coping of Mothers of Children With Muscular Dystrophy
Introduction
The purpose of this literature review is to discuss the current knowledge regarding experiences of mothers who care for their child with muscular dystrophy, their coping mechanisms, and to understand their lived experiences in order to provide better nursing care to these mothers. Not only will the current knowledge be addressed, this literature review will also speak to what is unknown about this phenomenon. The concepts of matern.
You work for a small community hospital that has recently updated it.docxrosemarybdodson23141
You work for a small community hospital that has recently updated its health record system to a modern electronic health record (EHR) system. As a health care manager, you have been asked to meet with the health information manager (HIM) and analyze the efficiency, security, and privacy of your current health records system. Your organization has very high standards and a culture of keeping up with current trends. After your analysis, you have been asked to provide a detailed report to the hospital's chief operating officer (COO) detailing the following:
Examine the emergence of technology and electronic health systems in health care since the passage of the Health Insurance Portability and Accountability Act (HIPAA).
Provide an analysis of the current trends in health care record keeping and charting as they relate to advancements in technology.
Assess ways in which contemporary patient records systems can support health care operations including privacy, quality patient care delivery, insurance and cost administration, and records access and retention.
Present your findings in an executive summary of 5–7 pages.
.
You work for a regional forensic computer lab and have been tasked w.docxrosemarybdodson23141
You work for a regional forensic computer lab and have been tasked with recovering all data from a suspect's cellular phone, which is also a PDA. The case revolves around cyberstalking, and evidence is needed to prove these allegations. Use the Internet to research the different ways in which a person can be stalked in cyberspace. Discuss in detail your steps in recovering any and all information from the device and how cyberstalking can be proved via this evidence.
.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
Multiple Choice Questions (Enter your answers on the enclose.docx
1. Multiple Choice Questions (Enter your answers on the enclosed
answer sheet)
1. A corporation:
a. can continue indefinitely
b. is owned by stockholders
c. has limited risk to stockholders
d. All of the above.
2. The Sarbanes-Oxley Act was passed to:
a. prevent fraud at public companies
b. replace all of the old accounting procedures with new ones
c. improve the accuracy of the company’s financial reporting
d. a and c only
3. A legal firm would be considered a:
a. merchandise company
b. manufacturer
c. service company
d. None of the above.
4. Which of the following is not an asset?
a. Cash
b. Accounts Receivable
c. Accounts Payable
d. Buildings
2. 5. If total liabilities increased by $6,000 and the assets
increased by $8,000 during the accounting period, what is the
change in the owner’s equity amount?
a. increase of $2,000
b. decrease of $2,000
c. increase of $10,000
d. decrease of $10,000
6. The claims of creditors against the assets are:
a. expenses
b. revenues
c. liabilities
d. owner’s equity
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inal
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3. 7. The Owner’s Equity of Logan’s Company is equal to one-
quarter of the total assets. Liabilities equal $60,000. What is the
amount of Owner’s Equity?
a. $40,000 b. $20,000 c. $30,000
d. None of the above.
8. Assets are equal to:
a. liabilities + owner’s equity
b. liabilities - owner’s equity
c. liabilities - revenues
d. revenues - expenses
9. A compound entry is:
a. a transaction involving more than one debit and/or credit
b. used to prepare the trial balance
c. the same as the chart of accounts
d. found on the income statement
10. A formal account that has columns for date, explanation,
post reference, debit, and credit is called the:
a. T account
b. standard account form
c. ledger
d. chart of accounts
11. A ledger:
a. is a group of accounts and their balances
b. can replace the financial statements
c. is the same as a chart of accounts
d. None of the above.
4. 12. The left side of any account is the:
a. debit side
b. credit side
c. ending balance
d. footings
13. The right side of any account is the:
a. debit side
b. credit side
c. ending balance
d. footings
14. What is the proper entry to show the owner making an
investment in the company?
a. a credit to Cash and a debit to Capital
b. a debit to Cash and a credit to Capital
c. a debit to Cash and a credit to Revenue
d. a credit to Cash and a debit to Revenue
15. Which of the following entries would be used to record the
billing of fees earned?
a. Debit Accounts Receivable and credit Rental Fees
b. Credit Cash and credit Rental Fees
c. Debit Cash and credit Rental Fees
d. Debit Cash and debit Rental Fees
16. Which of the statements of the rules of debit and credit is
true?
5. a. Decrease Accounts Receivable with a credit and the normal
balance is a credit.
b. Increase Accounts Payable with a credit and the normal
balance is a credit.
c. Increase Capital with a debit and the normal balance is a
debit.
d. Decrease Cash with a debit and the normal balance is a debit.
17. The posting reference column in the ledger is:
a. used to record the journal and page number the transactions
originated
b. used to record the ledger number
c. used to record the date
d. not used
18. A credit to a liability account was posted to an owner’s
equity account. This would cause:
a. assets to be overstated
b. liabilities to be understated
c. owner’s equity to be understated
d. net income to be overstated
19. A credit to an asset account was posted to a revenue
account. This would cause:
a. assets to be understated
b. liabilities to be understated
c. capital to be understated
d. revenue to be overstated
6. 20. A debit to a liability account was posted to a revenue
account. This would cause:
a. assets to be overstated
b. liabilities to be overstated
c. capital to be overstated
d. revenue to be overstated
21. The posting reference column on the general journal:
a. shows which transactions have been posted to the ledger
b. displays to which accounts the transactions have been posted
c. allows us to cross reference to the general ledger
d. All of the above.
22. Which of the following would cause the trial balance to be
out of balance?
a. a debit to Cash and a debit to Equipment for the same amount
b. a credit to Cash and a debit to Supplies for the same amount
c. a debit to Accounts Receivable and a credit to Accounting
Fees for the same amount
d. All of the above.
23. An overpayment was discovered in computing and paying
the wages of a Plum Hollow Country Club employee. When the
employee returns the amount of the overpayment, Plum Hollow
should make which of the following entries?
a. Cash, debit; Wages Expense, credit
b. Wages Payable, debit; Wages Expense, credit
c. Wages Expense, debit; Cash, credit
d. Wages Expense, debit; Wages Payable, credit
24. The adjustment to record supplies used during the period
would be:
7. a. debit Supplies; credit Supplies Expense
b. debit Supplies Expense; credit Cash
c. debit Supplies Expense; credit Supplies
d. debit Supplies; credit Cash
25. A contra-asset is:
a. in reality a liability
b. an asset with a debit balance
c. an account with an opposite balance of a normal asset
d. an account that increases the asset
26. If the adjustment for Supplies used during the period was
not made:
a. expenses would be too low
b. assets would be too low
c. expenses would be too high
d. revenue would be too high
27. After the adjustment for depreciation has been made, the
original cost of the equipment:
a. increases with a credit
b. decreases with a debit
c. remains the same
d. None of the above.
28. The adjustment that is made to allocate the cost of a
building over its expected life is called:
a. depreciation
b. residual value
c. accumulated depreciation
d. None of the above.
8. 29. Logan’s Snowboards estimated depreciation for office
equipment at $250. The adjusting entry to record the
depreciation would include a:
a. debit to Accumulated Depreciation for $250
b. credit to Depreciation Expense for $250
c. credit to Accumulated Depreciation for $250
d. credit to Office Equipment for $250
30. When making the adjustment for prepaid insurance, instead
of writing off only the time that has passed the entire policy
was written off. This would:
a. overstate the assets
b. overstate the liabilities
c. understate net income
d. None of the above.
31. Which of the following is not a temporary account?
a. Wages Expense
b. Service Fees
c. Rent Expense
d. Capital
32. The entry to close Income Summary (net loss) to Capital
was omitted. This error will cause:
a. the ending capital to be overstated
b. the ending capital to be understated
c. no error in the ending capital balance
d. None of the above.
9. 33. When closing the Withdrawal account:
a. Capital would increase
b. Capital would decrease
c. Capital would remain the same
d. None of the above.
34. The entry to close the Depreciation Expense account would
cause:
a. the Capital account balance to increase
b. the Capital account balance to decrease
c. the Depreciation Expense account balance to decrease
d. None of the above.
35. J. Oros showed a net loss of $3,200. The entry to close the
Income Summary account would include a:
a. debit to Oros, Capital, $3,200
b. debit to Income Summary , $3,200
c. credit to Oros, Capital, $3,200
d. credit to Cash, $3,200
36. After closing the revenue, expense, and withdrawal
accounts, the capital increased by
$2,000. Which of the following situations could have occurred?
a. The company had a net income.
b. The owner invested an additional amount.
c. The owner made a withdrawal.
d. All of the above.
37. When the Withdrawals account is closed:
a. Owner’s Capital will be debited
b. Income Summary will be debited
10. c. Income Summary will be credited
d. None of the bove.
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38. Endorsing a check:
a. guarantees payment
b. transfers the right to deposit or transfer cash
c. cancels the transaction
d. All of the above.
39. A blank endorsement on a check:
a. can be further endorsed by someone else
b. cannot be further endorsed by someone else
c. is the safest type of endorsement
d. permits only the original endorser to get the money
40. Scotch Services received a credit memorandum from the
bank. During the bank reconciliation they should:
a. increase their cash account on the company’s books
b. decrease their cash account on the company’s books
c. increase the ending cash balance on the bank statement
d. decrease the ending cash balance on the bank statement
41. Checks that have been processed by the bank and are no
longer negotiable are:
a. outstanding checks
11. b. canceled checks
c. checks in process
d. blank checks
42. Bank interest earned on a checking account would be shown
on a bank reconciliation as:
a. added to the balance per bank statement
b. deducted from the balance per bank statement
c. added to the balance per books
d. deducted from the balance per books
43. Bank service charges would be shown on a bank
reconciliation as:
a. added to the balance per bank statement
b. deducted from the balance per bank statement
c. added to the balance per books
d. deducted from the balance per books
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44. If the owner of Que Legal Services forgot to deduct a
withdrawal from the balance per books, what entry would be
necessary?
a. Debit Cash; credit Withdrawals
b. Debit Withdrawals; credit Cash
c. Debit Revenue; credit Cash
d. Debit cash; credit Revenue
12. 45. The law that governs overtime earnings is called:
a. Federal Insurance Contribution Act
b. Federal Wage and Hour Law
c. Fair Labor Standards Act
d. b and c only
46. If Sheila worked 38 hours, how many hours of overtime will
Sheila earn?
a. 0
b. 1
c. 9
d. 5
47. A company can deem an employee as salaried:
a. if they do not want to pay overtime wages
b. if the employee meets the salaried laws under the Fair Labor
Standards Act
c. to make the payroll process easier
d. if they have been employed at the company for 1 year or
longer
48. FICA (OASDI and Medicare) and unemployment taxes are
similar in that they:
a. are paid by the employee
b. have the same maximum taxable wage base
c. are a specified percent of federal income tax withholdings
d. are payroll tax expenses of the employer
49. When calculating the employer’s payroll tax expense the
clerk forgot about the wage base limits. This will cause:
a. the expenses to be overstated
b. the assets to be overstated
13. c. the liabilities to be overstated
d. a and c only
50. Workers’ compensation provides insurance for employees
who are:
a. unemployed due to an economic downturn
b. unemployed due to a plant closing
c. injured while on the job
d. not paid enough
51. A FUTA tax credit:
a. is given to employers who pay their state unemployment
taxes on time
b. is usually in the amount of 5.4%
c. is applied against the 6.2% standard rate
d. All of the above.
52) Workers’ Compensation Insurance is paid by the employer
to protect:
a. the employee against job-related injury or death
b. himself/herself against job-related accidents or death
c. the employee against non job-related injury or death
d. himself/herself against non job-related accidents and death
53. The Wages and Salaries Expense account would be used to
record:
a. net earnings for the office workers
b. a credit to the amount owed to the office workers
c. gross earnings for the office workers
14. d. a debit for the amount of net pay owed to the office workers
54. Payroll Cash is a(n):
a. revenue
b. liability
c. asset
d. expense
55. The debit amount to Payroll Tax Expense represents:
a. the employer’s portion of the payroll taxes
b. the employees’ portion of the payroll taxes
c. the employer’s and employees’ portion of the payroll taxes
d. None of the above.
56. What is debited if State Unemployment Tax Payable
(SUTA) is credited?
a. Payroll Tax Expense
b. Cash
c. Salaries Payable
d. Salaries Expense
57. The following amounts are an expense to the company
except:
a. FICA-OASDI Payable
b. FUTA Payable
c. SUTA Payable
d. All of the above.
58. A company must pay Form 941 taxes electronically if:
15. a. they do business in multiple states
b. they pay more than $200,000 in a given year
c. they pay less than $200,000 in a given year
d. The company would never have to pay electronically
59. The side that increases the balance of the Sales Discount
account is:
a. a credit
b. a debit
c. zero
d. It does not have a normal balance.
60. A reduction given to customers for early payment is a:
a. sales returns and allowance
b. purchase discount
c. sales discount
d. purchase return
61. A characteristic of the account, Sales Discount, is:
a. debit balance
b. contra-revenue account
c. records the cash discounts granted to customers
d. All of the above.
62. Merchandise is:
a. the same as inventory
b. an asset
c. the same as gross sales
d. a and b only
16. 63. Gross sales equals:
a. net sales minus sales discount
b. sales discount less net income
c. the total of cash sales and credit sales
d. net income plus gross profit
64. A sales discount correctly taken by the charge customer was
debited to Sales at the time the entry was recorded. This error
will cause the:
a. net income for the period to be overstated
b. net income for the period to be understated
c. sales discount account to be understated
d. sales account to be overstated
65. Payment for merchandise sold on credit for $100 subject to
1/10 n/30 was received within the discount period—$99 was
received. This was recorded with a debit to Sales Discounts for
$1, a debit to Cash for $99, and a credit to Accounts Receivable
$100, but no mention was made of the subsidiary ledger
account. This error will cause the:
a. net income for the period to be overstated
b. net income for the period to be understated
c. control account to not agree with the subsidiary ledger
d. assets to be overstated
66. When merchandise is bought for resale, which of the
following accounts would be decreased?
a. Store Equipment
b. Purchases
c. Cash
d. Capital
17. 67. Purchases Discount:
a. is a contra-cost account
b. has a normal debit balance
c. decreases Net Income
d. All of the above.
68. F.O.B. shipping point means:
a. the buyer pays for the freight
b. the seller pays for the freight
c. the title passes at time of shipment
d. a and c only
69. On November 30, Janoch’s Dog Kennel purchased $600 of
merchandise on account from the Ganster Company. The goods
were shipped F.O.B. shipping point. The freight charge of
$40 was paid by Ganster Company and added to the invoice.
The amount to record in the Purchases account is:
a. $600 b. $640 c. $560 d. $550
70. The freight paid on goods purchased F.O.B. Shipping Point
was not recorded. This error will cause:
a. net income to be overstated
b. net income to be understated
c. net income to not be affected
d. total liabilities to be overstated
71. A company purchased office supplies on account. This will
be recorded with a:
a. debit to Accounts Payable and a credit to Supplies
18. b. debit to Supplies and a credit to Supplies Expense
c. debit to Supplies and a credit to Accounts Payable
d. credit to Supplies and a debit to Purchases
72. Hardware Restoration had net purchases of $50,000. If
Purchases Returns and Allowances are $10,000 and Purchases
Discounts are $1,500, what are gross purchases?
a. $38,500 b. $50,000 c. $61,500 d. $40,000
73. The freight paid on goods purchased F.O.B. shipping point
was debited to the Freight Expense account. This error would
cause:
a. the period end assets to be understated
b. the period end liabilities to be understated
c. the period’s net income to be overstated
d. None of the above.
74. The return of merchandise was recorded as a debit to
Accounts Payable and a credit to Purchases. This error would
cause:
a. the period end assets to be understated
b. the period end liabilities to be understated
c. the period’s net income to be understated
d. None of the above.
75. The weighted-average method:
a. calculates an average unit cost by dividing the total cost of
goods sold by the total units sold
b. calculates an average unit cost by dividing the total cost of
goods available for sale by the total units of goods available for
19. sale
c. calculates an average unit cost by adding the total cost of
goods available for sale to the total units of goods available for
sale
d. None of the above.
76. One advantage of the LIFO method is that:
a. an equal cost is assigned to each unit, so net income does not
fluctuate as much as with other methods
b. flow of goods and flow of costs are the same
c. it matches current selling prices and current costs
d. ending inventory is valued at very old costs
77. The principle of consistency states that:
a. changes in accounting methods should occur from one fiscal
period to the next
b. a company cannot change from one inventory valuation
method to another
c. a company should switch from LIFO to FIFO every other
period
d. by using the same method, the financial statements are more
meaningful
78. Goods that are consigned to another party:
a. belong to the other party because title has passed
b. belong to the company that has consigned them
c. belong to the consignor
d. b and c only
79. Chewy Candy has a beginning inventory of $1,000 with a
retail value of $1,800. June purchases were $3,000, with a retail
value of $4,700 and retail sales were $4,200. What is the June
20. 30 estimated ending inventory at cost under the retail method?
a. $351 b. $949 c. $4,161 d. $1,416
80. The entry to record the disposal of a laptop computer with a
cost of $2,500 and an accumulated depreciation of $1,500 would
be:
a. debit Depreciation Expense, $2,500; credit Equipment $2,500
b. debit Accumulated Depreciation $1,500; debit Loss on
Disposal of an Asset $1,000; credit Equipment $2,500
c. debit Equipment $2,500; credit Accumulated Depreciation
$2,500
d. debit Cash $2,500; credit Equipment $2,500
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81. If an asset is exchanged for a similar asset, a loss results:
a. when the book value of the old asset is greater than what is
received for the trade-in allowance
b. when the book value of the old asset is less than what is
received for the trade-in allowance
c. when the accumulated depreciation equals the cost of the old
asset
d. None of the above.
82. If an asset is being sold or exchanged, the gain or loss is
always computed by comparing the:
a. market value and cost
b. book value and salvage value
21. c. market value and salvage value
d. market value and book value
83. The process of writing off an intangible asset is:
a. depreciation
b. depletion
c. amortization
d. None of the above.
84. The exclusive right to produce and sell a manuscript is
called a:
a. copyright
b. franchise
c. patent
d. goodwill
85. The allocation of the cost of a natural resource is:
a. depreciation
b. depletion
c. amortization
d. accrual
86. Salvage value was ignored when originally calculating the
units-of-production depreciation. This error would cause:
a. the period’s net income to be overstated
b. the period’s net income to be understated
c. the period end assets to be overstated
d. None of the above.
22. 87. The major parts of the Stockholders’ Equity section of the
balance sheet are:
a. Paid-in Capital and Retained Earnings
b. Stock and Retained Earnings
c. Stock, Paid-in Capital, and Retained Earnings
d. Authorized Stock and Preferred Stock
88. Stockholders’ investment appears in:
a. Paid-in Capital
b. Owner’s Equity
c. Retained Earnings
d. Cash
89. Authorized capital stock is shares:
a. listed in the charter
b. issued to the corporation’s officers
c. sold and in stockholder possession
d. that pay dividends
90. One type of preferred stock that provides for the payment of
preferred dividends that are in arrears is called:
a. non-participating
b. cumulative
c. non-cumulative
d. participating
91. Five hundred shares of $25 par common stock was
exchanged for a piece of equipment with a fair market value of
$13,500. The journal entry to record the transaction would
include a credit to:
a. Equipment for $12,500
23. b. Debit to Common Stock for $12,500
c. Credit to Paid-In Capital in Excess of Par-Common for
$1,000
d. Credit to Common Stock for $13,500
92. When stock is exchanged for non-cash assets:
a. debit the asset for prior book value; credit Common Stock for
cash received
b. debit assets for market value; credit Common Stock for par
value and, if needed,
Paid-in Capital in Excess of Par
c. debit assets for market value; credit Common Stock for
market value
d. debit assets for par value; credit Common Stock for par value
93. Organization costs are:
a. part of the company’s start-up and are listed as expenses
b. listed as an intangible asset on the balance sheet
c. a current asset on the balance sheet
d. another expense on the income statement
94. Statements that are often used to compare similar businesses
are called:
a. comparative analysis
b. vertical analysis
c. horizontal analysis
d. common-size statements
95. In a common-size income statement, selling expenses are
55%. This means that they are 55% of:
24. a. net income
b. net sales
c. gross profit
d. net profit
96. If Cara’s Piano sales increased from $40,000 to $60,000 and
its cost of goods sold increased from $20,000 to $40,000, then
vertical analysis based on sales would show the following for
cost of goods sold (rounded to the nearest percent):
a. 40% and 20%
b. 10% and 30%
c. 50% and 67%
d. 67% and 40%
97. The current ratio determines the ability of a company to:
a. pay off all payables
b. pay off current payables
c. manage its ability to earn profit
d. use its equity
98. If management wishes to evaluate the ability of a business
to provide funding to cover the operating expenses, they could
use the:
a. rate of return on total assets
b. rate of return on common stockholders’ equity
c. gross profit rate
d. times interest earned
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25. 99. The debt in relation to the risk taken by stockholders is
measured by:
a. debt to stockholders’ equity
b. gross profit ratio
c. rate of return to stockholders
d. None of the above.
100. The lower the times interest earned ratio, the more likely:
a. a default in payment will occur
b. a business needs to borrow money
c. a business will suffer a loss
d. interest payments can be made
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