Homework Answers
Correct answer:
Intercompany comparison.
Explanation: intercompany comparison focus upon comparison between 2 different companies that provide useful insight to company's financial position.
End of Answer.
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Multiple Choice Question 75 on with other companies that provides insight into a company's competitive position...
Multiple Choice Question 75 The income statement for the month of June, 2018 of Blossom Enterprises...
Multiple Choice Question 75 The income statement for the month of June, 2018 of Blossom Enterprises contains the following information: Revenues $6650 Expenses: Salaries and Wages Expense $3030 Rent Expense 1460 Advertising Expense 860 Supplies Expense 320 Insurance Expense 110 Total expenses 5780 Net income $870 The entry to close the revenue account includes a credit to Income Summary for $870. debit to Income Summary for $870. debit to Income Summary for $6650....
answer each question with an explnation of each answer please 4. Multiple Choice Question 61 Which...
answer each question with an explnation of each answer
please
4. Multiple Choice Question 61 Which of the following is the most appropriate and modern definition of accounting? a. b. The information system that identifies, records, and communicates the economic events of an organization to interested users. The interconnected network of subsystems necessary to operate a business, Electronic collection, organization, and communication of vast amounts of information A means of collecting information. C. d. Answer: 1 5. Multiple Choice Question...
QUESTION 49 Which of the four multiple-choice answers would an economist say provides the best justification...
QUESTION 49 Which of the four multiple-choice answers would an economist say provides the best justification for 0 when the market mechanism fails to achieve the optimal mix of output. Because the government will encourage the production of private goods Because the government can increase the level f market power of private businesses. government intervention into an e conomy? When the private sector is larger than public sector. QUESTION 50 Which of the four multiple-choice answers would an economist say...
ment Multiple Choice Question 58 Which of the following receivables would not be classified as an...
ment Multiple Choice Question 58 Which of the following receivables would not be classified as an "other receivable"? Refundable income tax Interest receivable Advance to an employee Notes receivable
Testbank Multiple Choice Question 85 Crane Company reported the following information for 2020: Sales revenue $2043000...
Testbank Multiple Choice Question 85
Crane Company reported the following information for
2020:
Sales revenue
$2043000
Cost of goods sold
1411000
Operating expenses
228000
Unrealized holding gain on
available-for-sale securities
118000
Cash dividends received on the
securities
7500
For 2020, Crane would report other comprehensive income of
a.
$118000.
b.
$411500.
c.
$404000.
d.
$125500.
Multiple Choice Question 89 For the year ended December 31, 2017, Cullumber Company reported the following:...
Multiple Choice Question 89 For the year ended December 31, 2017, Cullumber Company reported the following: Net Income $286200 Preferred dividends declared 48000 Common dividend declared 10400 Unrealized holding loss, net of tax 4500 Retained earnings, beginning balance 401000 Common stock 199200 Accumulated Other Comprehensive Income, Beginning Balance 24300 What would Cullumber report as total stockholders' equity? $628800 $600200 $847800 $828000 Click if you would like to show Work for this question: Open Show Work
Multiple Choice Question 153 A company has three product lines, one of which reflects the following...
Multiple Choice Question 153 A company has three product lines, one of which reflects the following results: Sales Variable expenses Contribution margin Fixed expenses Net loss $184000 101000 83000 130000 $ (47000) If this product line is eliminated, 60% of the wed expenses can be eliminated and the other 40% will be located to other product lines. It management decides to eliminate this product line, the company's net income will increase by $5000 decrease by S5000 increase by 547000 decrease...
Midterm Esam July, 2009 Multiple Choice Idenmity the letter of the choice that best completes the statement or answers the question The board is the largest and most important circuit board in the...
Midterm Esam July, 2009 Multiple Choice Idenmity the letter of the choice that best completes the statement or answers the question The board is the largest and most important circuit board in the computer a. system c. CMOS d. DIMM b CPU 2. The "E" in ECC RAM stands for a. extra c. electronic d. erasable b. error Which of the following types of expansion ports is used for nothing but video cards? a. PCI b. ISA 3. c. AG...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11) What are the two basic types of product costing systems? A) variable costing and process costing B) FIFO costing and weighted average costing C) department costing and plant costing D) job costing and process costing 12) The system normally used to assign costs to goods that are mass-produced in a continuous sequence of steps is known as which of the following? A) process costing...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11) What are the two basic types of product costing systems? A) variable costing and process costing B) FIFO costing and weighted average costing C) department costing and plant costing D) job costing and process costing 12) The system normally used to assign costs to goods that are mass-produced in a continuous sequence of steps is known as which of the following? A) process costing...
answer each question with an explnation of each answer
please
4. Multiple Choice Question 61 Which of the following is the most appropriate and modern definition of accounting? a. b. The information system that identifies, records, and communicates the economic events of an organization to interested users. The interconnected network of subsystems necessary to operate a business, Electronic collection, organization, and communication of vast amounts of information A means of collecting information. C. d. Answer: 1 5. Multiple Choice Question...
QUESTION 49 Which of the four multiple-choice answers would an economist say provides the best justification for 0 when the market mechanism fails to achieve the optimal mix of output. Because the government will encourage the production of private goods Because the government can increase the level f market power of private businesses. government intervention into an e conomy? When the private sector is larger than public sector. QUESTION 50 Which of the four multiple-choice answers would an economist say...
ment Multiple Choice Question 58 Which of the following receivables would not be classified as an "other receivable"? Refundable income tax Interest receivable Advance to an employee Notes receivable
Testbank Multiple Choice Question 85
Crane Company reported the following information for
2020:
Sales revenue
$2043000
Cost of goods sold
1411000
Operating expenses
228000
Unrealized holding gain on
available-for-sale securities
118000
Cash dividends received on the
securities
7500
For 2020, Crane would report other comprehensive income of
a.
$118000.
b.
$411500.
c.
$404000.
d.
$125500.
Multiple Choice Question 89 For the year ended December 31, 2017, Cullumber Company reported the following: Net Income $286200 Preferred dividends declared 48000 Common dividend declared 10400 Unrealized holding loss, net of tax 4500 Retained earnings, beginning balance 401000 Common stock 199200 Accumulated Other Comprehensive Income, Beginning Balance 24300 What would Cullumber report as total stockholders' equity? $628800 $600200 $847800 $828000 Click if you would like to show Work for this question: Open Show Work
Multiple Choice Question 153 A company has three product lines, one of which reflects the following results: Sales Variable expenses Contribution margin Fixed expenses Net loss $184000 101000 83000 130000 $ (47000) If this product line is eliminated, 60% of the wed expenses can be eliminated and the other 40% will be located to other product lines. It management decides to eliminate this product line, the company's net income will increase by $5000 decrease by S5000 increase by 547000 decrease...
Midterm Esam July, 2009 Multiple Choice Idenmity the letter of the choice that best completes the statement or answers the question The board is the largest and most important circuit board in the computer a. system c. CMOS d. DIMM b CPU 2. The "E" in ECC RAM stands for a. extra c. electronic d. erasable b. error Which of the following types of expansion ports is used for nothing but video cards? a. PCI b. ISA 3. c. AG...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11) What are the two basic types of product costing systems? A) variable costing and process costing B) FIFO costing and weighted average costing C) department costing and plant costing D) job costing and process costing 12) The system normally used to assign costs to goods that are mass-produced in a continuous sequence of steps is known as which of the following? A) process costing...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 11) What are the two basic types of product costing systems? A) variable costing and process costing B) FIFO costing and weighted average costing C) department costing and plant costing D) job costing and process costing 12) The system normally used to assign costs to goods that are mass-produced in a continuous sequence of steps is known as which of the following? A) process costing...
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