ACCOUNTING 5 &6 Question 3 (of 20) 3 O determine whether or not the entity has is O verify the amount of petty cash on hand
heck Your 5 & 6 Question 5 (of 20 5. Which of the following inventory accounting systems has be en made much more feasible as a result of computer systems developments? O Perpetual O Physical. O Just-in-time. O Periodic
ACCOUNTING Check Your 5 & 6 Question 6 (of 20) 6. When costs are rising over time: O FIFO results in higher profits than LIFO O LIFO results in higher profits that FiFO. O Cost of goods sold using the weighted average method wel loe greater than LIFO cost of goods sold O ending inventory balances will be greater under LIFO
en the investnent atteanatives to analyze The Cash, Flnas Fran these Thwec inuestenit areas o lUe 21, Doo obD 6,o0o 16の00 2 5 16, 000 63,000 b 00 IGioco 16r boo /0 valve f each estref what is the preseed Values, m wher w reue
Question 17 Top finance officers in a corporation include: treasurer O chief operating officer O accounting clerks chief lending officer Click if you would like to Show Work for this question: C mi 2 4 1 2 3 -4 25 26 27 28 29 30 bre sults by ective
QUESTION 6 A country operating outside of the production possibilities frontier is: O operating efficiently. O operating inefficiently and at an unattainable level. O operating inefficiently but in an area that can be attained with proper use of resources. impossible. A country cannot operate outside the production possibilities frontie.
Question 20 O out of 5 points Name this compound. 3 out of 6 points Question 21 OH H2SO4 heat The name of the Major product of this reaction is Al The name of the minor product of this reaction is [B]
ACCOUNTING Your Knowledge: Chapters 5 & 6 KQuestion 4 (of 20) Which of the following is true regarding notes receivables? O A note is a more formal document than an account recevable O A note is a less formal document than an account receivable O A notes receivable is always a long-term asset O A notes receivable is always a current asset
connect Check Your 5 & 6 Question 14 (of 20) 14. The reason for recording a prepaid expense as a current asset is O that the expense has been incurred but not yet paid O that the prepaid item will be returned for a cash refund O to avoid recognizing an expense so net income will be higher for the current accounting period O that the prepaid item has not yet become an expense Search Windows
ACCOUNTING k Your 5 & 6 KQuestion 9 (of 20) When a firm uses the LIFO inventory cost flow assumption: O cost of goods sold will be the same as if FIFO were used O better matching of revenue and expense is achieved than under FIFO. O net income will be greater than if FiFO were used cost of goods sold will be greater than if FiFO were used