The disposal of a significant component of a business is called
a.A change in accounting principle
b.An extraordinary item
c.An other expense
2. If year one sales equal $800,000, year two equal $840,000 and year three equals $896,000 the percentage to be assigned for year two in a sales trend analysis, assuming that year 1 is the base year, is
3. A measure of a company’s profitability is the
a. Current ratio
b. Current cash debt coverage ratio
c. Return on assets ratio
d. Debt to total assets ratio
4.Which of the following is not an economic consequence of financial reporting?
a.Financial information can affect the distribution of wealth among investors. More informed investors, or investors employing security analysts, may be able to increase their wealth at the expense of less informed investors.
b.Financial information can affect the level of risk accepted by a firm. Focusing on short-term, less risky projects may have long-term detrimental effects.
c.Financial information can affect the rate of capital formation in the economy and result in a reallocation of wealth between consumption and investment within the economy.
d.Financial information can affects the allocation of psychic income among investors.
5.Which of the following is not an income statement element?
6.The statement, net income should reflect all items that affected the net increase or decrease in stockholders’ equity during the period is consistent with which of the following concepts of income?
c.Current operating performance
7.The phrase events and transactions that are distinguished by both their unusual nature and their infrequency of occurrence describes:
a.Changes in accounting principles
b.Prior period adjustments
d.Prior period adjustments
8.Which of the following is not an accounting change?
a.Change in accounting principle
b.Change in accounting estimate
c.Change in a reporting entity
d.Change because of an error
9.Which of the following is not an example of an error?
a.A change from an accounting practice that is not generally acceptable to a practice that is generally acceptable.
c.A change from LIFO to FIFO inventory costing
d.The incorrect classification of costs and expense
10.The formula, Operating profit/Sales, is used to calculate
a.Gross profit percentage
b.Net profit percentage
c.Comprehensive income percentage
d.Operating profit percentage
Solve the following initial value problem for t> 1 using an analytical method of your choice ty' = (t + 2)y +++, y(1) = 2 1 using an analytical method of your choice ty =...Apr 14 2021
In response to complaints about high prices, a grocery chainruns the following advertising campaign: “If you pay your child $9to go buy $100 worth of groceries, then your...Dec 03 2019
What are the major product/service offerings of the firm? Do they complement each other, or is there unnecessary duplication?Jul 22 2021
The average income for a new college graduate in 2019 is $53,889 according to the National Association of Colleges & Employers. Suppose this is your income, and a friend ...May 10 2021
Choose the correct answer.All that work(a) is,(b) areyet to be logged in.Jul 01 2021
How to value of a Forward Start Swap if the notional amount is given and libor rate is given and also find the par yield and its significance, also find implied forward r...May 19 2020
Study the following sentence and identify the selected parts of speech. For each word listed, choose the correct answer. Compare your answers with those at the bottom of ...Jun 08 2021
_____ from a blood clot stimulates the growth of cells in the healing process. (A) EGF (B) PDGF (C) MPF (D) NGFMar 13 2018
F = (2x^2-3x)i -2xyj-4xk. Find integral over V del. F where V is bounded by coordinate planes and 2x+2y+z =4 >Aug 06 2020
1... Explain how to write a bad news or negative message.Do not write a negative/bad news letter.around 500 wordsApr 25 2021