quiz 2 TCO 2) A statement that reports inflows and outflows of cash during the accounting period in the categories of operations‚ investing‚ and financing‚ is called a(an): Income statement Statement of retained earnings Balance sheet Statement of cash flows Report of management Question 2. Question : (TCO 2) Two major methods of asset valuation are: : historical cost and future cost historical cost and acquisition cost historical cost and replacement cost acquisition cost and future cost
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Question 1 2 out of 2 points | | | The cost concept is the basis for entering the exchange price into the accounting records.Answer | | | | | Selected Answer: | True | | | | | Question 2 2 out of 2 points | | | Allen Marks is the sole stockholder of Great Marks Company. As of the end of its accounting period‚ December 31‚ 2011‚ Great Marks Company has assets of $940‚000 and liabilities of $300‚000. During 2012‚ Allen Marks purchased an additional $65‚000 of capital
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classroom is designed for a different type of class (e.g.‚ spinning‚ aerobics‚ water aerobics‚ weight training‚ etc.). It is necessary to track what fitness classes are being held in each of the different Muscles Health Club locations. | | | STEP 2 | | Run Visio 2010 either via Citrix or on your workstation. Click on the Software and Database Template group in the main window. Double-click on the Database Model Diagram Template to open a new file. Save the file with a name containing
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1. Question : (TCO A) Which of the following statements is CORRECT? Student Answer: One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. One of the advantages of the corporate form of organization is that it avoids double taxation. One of the advantages of a corporation from a social standpoint is that every stockholder has
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good or bad for the firm. | | All of these are true statements. | | The Standard Industrial Classification (SIC) System is used to identify benchmark firms. | | This benchmark is based on a firm’s historical performance. | | | Question 2 | | Coverage ratios: Sectors‚ Inc.‚ has an EBIT of $7‚221‚643 and interest expense of $611‚800. Its depreciation for the year is $1‚434‚500. What is its cash coverage ratio? | 18.34 times | | 14.15 times | | None of these | | 15.42 times
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Intermediate Accounting III Summer 2013 Quiz # 6 Ch. 2 Consolidation of Financial Information Name 1. In a transaction accounted for using the acquisition method where the consideration transferred is more than fair value of net assets acquired‚ which statement is true? A. Goodwill is recorded. B. A deferred credit is recorded. C. A gain on bargain purchase is recorded. D. Negative goodwill is recorded 2. Assume that Company A acquires 100% of all
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ACC 303 Week 2 Quiz 1 Purchase here: http://xondow.com/ACC-303-Week-2-Quiz-1-ACC303Q1.htm ACC 303 Week 2 Quiz 1 All Questions Included. TRUE-FALSE—Conceptual 1. Financial accounting is the process of identifying‚ measuring‚ analyzing‚ and communicating financial information needed by management to plan‚ evaluate‚ and control a company’s operations. 2. Financial statements are the principal means through which a company communicates its financial information to those outside
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Name: ___________________________________________________________ Quiz #2 1. List the four main types of scales identified in Chapter 6. Makes sure in your response below to explain the difference between each through the use of an example. The four main types of scales indentified in chapter 6 are the nominal level of measurement‚ ordinal level of measurement‚ interval level of measurement‚ and the ratio level of measurement. The nominal level of measurement is defined by the text as the characteristics
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University of Phoenix Material Quiz 2 Week 4 Quiz - Ch. 5 Schaefer (2012) This is a multiple choice/short answer quiz and each item is worth 1.5 points for a total of 60 points. There is only one correct response for each numbered item‚ and you should use Schaefer (2012) to determine the best response. For multiple choice questions‚ type the letter of the correct answer next to the corresponding question number on the answer sheet. For short answer responses‚ type your answer next to the
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Quiz Submissions - Weekly Test 02—Organisational Environments and Cultures Top of Form Question 1 1 / 1 point What are the two types of external organisational environments? public and private market-specific and the product-specific organisational and the interpersonal global and the national general and the specific Question 2 1 / 1 point In terms of external organisational environments‚ the ____ environment affects all organisations while the ____ environment is unique to each company
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