acct-504-week-8-final-exam-devry

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Week 8 Final Exam Set 1


1. Question: (TCO A) An advantage of the corporate form of business is that _____. (Points : 5)

2. Question: (TCO A) When a corporation distributes a dividend, _____. (Points : 5)

3. Question: (TCOs A, B) Below is a partial list of account balances for Denton Company:

4. Question: (TCOs B, E) A small and private company may be able to justify using a cash basis of accounting if it has _____. (Points : 5)

5. Question: (TCO D) In a period of increasing prices, which inventory cost flow assumption will result in the lowest amount of income tax expense? (Points : 5)

6. Question: (TCOs A, E) Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be _____. (Points : 5)

7. Question: (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)

8. Question: (TCO C) Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is _____. (Points : 5)

9. Question: (TCO F) Which one of the following is not a tool in financial statement analysis? (Points : 5)

10. Question: (TCO F) In vertical analysis, the base amount for studying salary and wages expense is generally _____. (Points : 5)

11. Question: (TCO F) Ratios are most useful in identifying _____. (Points : 5)

12. Question: (TCO F) A common measure of liquidity is _____. (Points : 5)

13. Question: (TCO F) Return-on-assets ratio is most closely related to _____. (Points : 5)

14. Question: (TCO G) To calculate the market value of a bond, we need to _____. (Points : 5)

More to explorer

Change Management Presentation

Purpose of AssessmentDevelop specific strategies with supporting tactics to implement positive change within an organization. You may refer to the information that you

Driver Safety

 You were recently hired as the fleet safety manager of a company that operates a fleet of 25 delivery trucks within a

Answer:

Title: acct-504-week-8-final-exam-devry

This question has been Solved!

Click the button below to order this solution.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open chat