Homework Answers
| Option D is the answer | |
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Improvements to land which have limited life are recorded as land improvements and expensed. Comment if you face any issues Thank you |
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Respondus LockDown Browser Question 3 5 pts The total cost of land would include all of...
Respondus LockDown Browser D Question 4 5 pts -Il.. . AL.E.I... What accounting treatment - plant...
Respondus LockDown Browser D Question 4 5 pts -Il.. . AL.E.I... What accounting treatment - plant assets? [Choose ] ---counting for Capitalize Additions Expensed Major repairs [Choose) Improvements and replacements [Choose] Question 5 5 pts
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that...
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that the stockholders' equity section is typically divided into O b. Preferred stock, common stock, retained earnings O d. Capital stock, appropriated retained earnings, unappropriated retained earnings O c. Capital stock, additional paid-in capital, retained earnings O a. Preferred stock, common stock, treasury stock
COD 1- Requires Respondus LockDown Browser Feb 26 at 5:46pm Instructions ead each question carefully and...
COD 1- Requires Respondus LockDown Browser Feb 26 at 5:46pm Instructions ead each question carefully and select/write the most appropriate response. There is an extra credit question available in the Assignment section of Canvas. It is available from opm-8pm. Good Luck Question 1 Spl A tree falls from Helen Homeowner's property onto the parked car of Nelly Neighbor, who lives next-door to Helen. The car was very valuable and is now a total loss. Both parties agree that the tree...
{equires Respondus LockDown Browser Time Left:0:34:38 Liul Woldeyesus: Attempt 1 Question 1 (1 point) Using the...
{equires Respondus LockDown Browser Time Left:0:34:38 Liul Woldeyesus: Attempt 1 Question 1 (1 point) Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 21,000 Netcome Current liabilities 12,000 Stockholders' equity Average assets 132,000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000 $ 45,000 63.000 27,000 1) 20.5 percent 2) 30 percent 3) 33.3 percent 4) 40.9 percent Question 2 (1 point) These are selected account balances on...
uires Respondus LockDown Browser Time Left:1:17:48 Amadou Conde: Attempt 1 Question 3 (4 points) Hi-Tech Inc....
uires Respondus LockDown Browser Time Left:1:17:48 Amadou Conde: Attempt 1 Question 3 (4 points) Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be updated for an additional $2,400 and sold. If Hi-Tech updates the computers and sells them, net income will increase by $9,000. Reference: Ref 20-5 At what price were the updated versions sold? Oa) $13,200 b) $16,000 Oc) $13,600 d) $26,800
Question 14 5 pts The Green Tomato purchased a parcel of land six years ago for...
Question 14 5 pts The Green Tomato purchased a parcel of land six years ago for $389,900. At that time, the firm invested $128,000 grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $48,000 a year. The Green Tomato is now considering building a hotel on the site as the rental lease is expiring. The current value of the land...
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is...
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is appropriate for fixed costs, but not variable costs. it is adaptable to changes in operating conditions it can be prepared for individual budgets in the Master Budget all of the above are advantages of a flexible budget Question 4 1pts An investment center manager would most likely have his/her performance evaluation based on: return on investment controllable margin. how well he/she was able to...
5&6) Question 5 2 pts The acquisition costs of property, plant, and equipment should include all...
5&6)
Question 5 2 pts The acquisition costs of property, plant, and equipment should include all normal, reasonable and necessary costs to get the asset in place and ready for use. True False Question 6 2 pts The cost of replacing an engine in a truck is an example of ordinary maintenance. True False
If an accountant were to calculate total cost, the accountant would be sure to include only...
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Question 24 3 pts All of the following would be entries in assigning accumulated costs to...
Question 24 3 pts All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except: O manufacturing overhead applied. factory labor used in production raw materials used in production. O manufaturing overhead costs incurred
Respondus LockDown Browser D Question 4 5 pts -Il.. . AL.E.I... What accounting treatment - plant assets? [Choose ] ---counting for Capitalize Additions Expensed Major repairs [Choose) Improvements and replacements [Choose] Question 5 5 pts
Respondus LockDown Browser Question 4 4 pts Select the option that reflects the three parts that the stockholders' equity section is typically divided into O b. Preferred stock, common stock, retained earnings O d. Capital stock, appropriated retained earnings, unappropriated retained earnings O c. Capital stock, additional paid-in capital, retained earnings O a. Preferred stock, common stock, treasury stock
COD 1- Requires Respondus LockDown Browser Feb 26 at 5:46pm Instructions ead each question carefully and select/write the most appropriate response. There is an extra credit question available in the Assignment section of Canvas. It is available from opm-8pm. Good Luck Question 1 Spl A tree falls from Helen Homeowner's property onto the parked car of Nelly Neighbor, who lives next-door to Helen. The car was very valuable and is now a total loss. Both parties agree that the tree...
{equires Respondus LockDown Browser Time Left:0:34:38 Liul Woldeyesus: Attempt 1 Question 1 (1 point) Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 21,000 Netcome Current liabilities 12,000 Stockholders' equity Average assets 132,000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000 $ 45,000 63.000 27,000 1) 20.5 percent 2) 30 percent 3) 33.3 percent 4) 40.9 percent Question 2 (1 point) These are selected account balances on...
uires Respondus LockDown Browser Time Left:1:17:48 Amadou Conde: Attempt 1 Question 3 (4 points) Hi-Tech Inc. has several outdated computers that cost a total of $17,800 and could be sold as scrap for $4,600. They could be updated for an additional $2,400 and sold. If Hi-Tech updates the computers and sells them, net income will increase by $9,000. Reference: Ref 20-5 At what price were the updated versions sold? Oa) $13,200 b) $16,000 Oc) $13,600 d) $26,800
Question 14 5 pts The Green Tomato purchased a parcel of land six years ago for $389,900. At that time, the firm invested $128,000 grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $48,000 a year. The Green Tomato is now considering building a hotel on the site as the rental lease is expiring. The current value of the land...
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is appropriate for fixed costs, but not variable costs. it is adaptable to changes in operating conditions it can be prepared for individual budgets in the Master Budget all of the above are advantages of a flexible budget Question 4 1pts An investment center manager would most likely have his/her performance evaluation based on: return on investment controllable margin. how well he/she was able to...
5&6)
Question 5 2 pts The acquisition costs of property, plant, and equipment should include all normal, reasonable and necessary costs to get the asset in place and ready for use. True False Question 6 2 pts The cost of replacing an engine in a truck is an example of ordinary maintenance. True False
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Question 24 3 pts All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except: O manufacturing overhead applied. factory labor used in production raw materials used in production. O manufaturing overhead costs incurred
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