Which of the following accounting item is subject to amortization? A. Inventory B. Account receivable C....
Which of the following accounting item is subject to amortization? A. Inventory B. Account receivable C. Machinery D. Building E. Goodwill
Homework Answers
Answer :E : Goodwill
Intangible assets are amortized. Good will is an intangible asset. (THUMBS UP PLEASE)
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Which of the following accounting item is subject to
amortization? A. Inventory B. Account receivable C....
Which one of the following is an intangible fixed asset? Account receivable Building Copyright Inventory Machinery
Which one of the following is an intangible fixed asset? Account receivable Building Copyright Inventory Machinery
6) Which of the following accounts is not a contra account? A. Inventory B. Accumulated Amortization...
6) Which of the following accounts is not a contra account? A. Inventory B. Accumulated Amortization C. Sales Returns and Allowances D. Sales Discounts 7) To calculate the gross margin percentage, A. Divide net sales by net income B. Divide current assets by current liabilities C. Divide total liabilities by total assets D. Divide gross margin by net sales 8) If a purchaser returns goods purchased on account to the supplier under a perpetual inventory system, the purchaser would debit:...
(Q1)Which of the following accounting principles or conventions is contradictory to the GAAP requirement to expense...
(Q1)Which of the following accounting principles or conventions is contradictory to the GAAP requirement to expense R&D costs immediately? historical cost principle comparability matching principle conservatism (Q2) Which of the following is not a required disclosure regarding intangible assets in the period a company acquires intangible assets? the rate of return used to estimate the value of goodwill purchased the cost of any intangible assets acquired, separated into assets subject to amortization, assets not subject to amortization, and goodwill for...
Accounting Standards require accounts receivable to be reported at Accounting Standards require Inventory to be reported...
Accounting Standards require accounts receivable to be reported at Accounting Standards require Inventory to be reported is reported at or is an example of an Inventory cost flow method. Balance sheet accounts are listed in order of Plant, Property and equipment are normally valued at Plant, Property and equipment include a contra asset account known as Investments are reported at Capital Stock is reported at The Balance sheet is useful in determining the proportion of financing from debt and equity....
Which of the following is/are accrual AJE account(s)? A. Dues receivable B. Interest received in advance...
Which of the following is/are accrual AJE account(s)? A. Dues receivable B. Interest received in advance c. Prepaid wages D. Unearned rent E. Both of A and B
(11) Which of the following is true regarding the type of intangible item that may...
(11) Which of the following is true regarding the type of intangible item that may constitute an asset? (a) A company name is a type of intangible item that may constitute an asset, but goodwill and a company logo are not. (b) Goodwill, a company name, and a company logo all constitute types of intangible items that may constitute assets. (c) Goodwill is a type of intangible item that may constitute an asset, but...
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures...
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures b. Trucks and automobiles C. Prepaid insurance d. Land 5. Accounts receivable can best be described as.. a. Amounts owed to the bank abou b. Funds transferred from one bank account to another C. Amounts due from customers for services already performe d. Amounts received from customers for services to be perfor 6. Which is not a type of fixed asset? a. Furniture b....
en an account receivable that has been written off is subsequently collected, that account receivable must...
en an account receivable that has been written off is subsequently collected, that account receivable must be reinstated and the cash collection recorded. A. True. B. False. is the type of account and normal balance of Allowance for Doubtful Accounts? A. Liability, credit. B. Revenue, credit. C. Contra asset, debit. D. Contra asset, credit. 16. The difference between accounts receivable and allowance for doubtful account is called net realizable value. A. True. B. False, 17. The account receivable turnover measures...
1. Which of the following is not a required disclosure regarding intangible assets in the period a company acquires inta...
1. Which of the following is not a required disclosure regarding intangible assets in the period a company acquires intangible assets? A. the rate of return used to estimate the value of goodwill purchased B. the cost of any intangible assets acquired, separated into assets subject to amortization, assets not subject to amortization, and goodwill C. for assets subject to amortization, the residual value and the weighted-average amortization period D. the cost of any research and development acquired and written...
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C....
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C. D. A building housing a company's administrative activities. Cash equivalents. A sinking fund established to retire bonds payable maturing in 20 years. Securities classified as held-to-maturity that mature within the next 12 months. Which of the following events related to accounts receivable causes a decrease to total assets? B. C. D. A write-off of an account receivable. A collection of an account receivable. A...
Accounting Standards require accounts receivable to be reported at Accounting Standards require Inventory to be reported is reported at or is an example of an Inventory cost flow method. Balance sheet accounts are listed in order of Plant, Property and equipment are normally valued at Plant, Property and equipment include a contra asset account known as Investments are reported at Capital Stock is reported at The Balance sheet is useful in determining the proportion of financing from debt and equity....
Which of the following is/are accrual AJE account(s)? A. Dues receivable B. Interest received in advance c. Prepaid wages D. Unearned rent E. Both of A and B
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures b. Trucks and automobiles C. Prepaid insurance d. Land 5. Accounts receivable can best be described as.. a. Amounts owed to the bank abou b. Funds transferred from one bank account to another C. Amounts due from customers for services already performe d. Amounts received from customers for services to be perfor 6. Which is not a type of fixed asset? a. Furniture b....
en an account receivable that has been written off is subsequently collected, that account receivable must be reinstated and the cash collection recorded. A. True. B. False. is the type of account and normal balance of Allowance for Doubtful Accounts? A. Liability, credit. B. Revenue, credit. C. Contra asset, debit. D. Contra asset, credit. 16. The difference between accounts receivable and allowance for doubtful account is called net realizable value. A. True. B. False, 17. The account receivable turnover measures...
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C. D. A building housing a company's administrative activities. Cash equivalents. A sinking fund established to retire bonds payable maturing in 20 years. Securities classified as held-to-maturity that mature within the next 12 months. Which of the following events related to accounts receivable causes a decrease to total assets? B. C. D. A write-off of an account receivable. A collection of an account receivable. A...
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