ZuoTi.Pro
Question

Question 1 Not yet answered Select one: Marked out of 1 a. An expense account. P Flag question b. An equity account. Treasury stock appears as: O c. A liability account. O d. An asset account.

Ouestion 2 Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against possible losses from fluctuations in a particular foreign exchange. This strategy suggests that Samson Corporation has: Select one: 0 a Foreign accounts receivable and expects the exchange rate to rise. Not yet answered Marked out of 1 Frag question b. Foreign accounts receivable and expects the exchange rate to fall. Oc Foreign accounts payable and expects the exchange rate to rise O d. Foreign accounts payable and expects the exchange rate to fal.

Question 3 Establishintniol accounting standards is the responsibility of Not yet answered Select one: Marked out of 1 a. Financial Accounting Standards Board. Flag question b. International Accounting Standards Board O c. Accounting Associations. d. Securities and Exchange Commission.

Ouestion 4 Early in 2018, Larsen Corporation purchased marketable securities at a cost of $90,000. In Not yet answered$5,600. How would these transactions be reported on Larsens statement of cash flows for 2018? Marked out of 1Select one: September, dividends of $6,600 were received; Larsen sold the securities in December at a gain of pFlag question O a. $95,600 cash provided by investing activities; $90,000 cash used in financing activities. O b. $84,400 net cash used in investing activities: $95,600 cash provided by investing activities. O c. $12,200 net cash provided by investing activities. O d. $95,600 net cash provided by investing activities; $6,600 included in cash provided by operating activities.
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Q1 Treasury Stock is like the equity account
Answer is B
Q2 Since Samson Corp has etered in the contract to buy the forex in future. It means it expects to receive Money So Foreign Accounts Recievable
And it is bought to cover the loss, so it expects the curreny to fall that in turn have lower collections
Answer is B
Q3 Establishing IAS is the responsibility of International Accounting Standard Board
B
Q4 Cash Flow in Investing Activities:
Purchase of Stock Investment -90000
Dividend Income from Investment 6600
Sale of Stock Investment 95600
Cash Flow in Investing Activities 12200
C
0 0
Add a comment
Know the answer?
Add Answer to:
Question 1 Not yet answered Select one: Marked out of 1 a. An expense account. P...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow...

    Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 18,000 Sold equipment for cash, previously used in operations 15,000 Paid cash for dividends 6,000 Issued common stock for cash 60,000 Retired a 10-year bond payable by repaying the face value at maturity...

  • Ouestion 2Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against...

    Ouestion 2Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against possible losses from fluctuations in a particular foreign exchange. This strategy suggests that Samson Corporation has: Not yet answered Marked out of 1 Select one: Flag question O a. Foreign accounts receivable and expects the exchange rate to rise b. Foreign accounts receivable and expects the exchange rate to fall. O c. Foreign accounts payable and expects the exchange rate to rise. O d....

  • Ouestion 2Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against...

    Ouestion 2Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against possible losses from fluctuations in a particular foreign exchange. This strategy suggests that Samson Corporation has: Not yet answered Marked out of 1 Select one: Flag question O a. Foreign accounts receivable and expects the exchange rate to rise b. Foreign accounts receivable and expects the exchange rate to fall. O c. Foreign accounts payable and expects the exchange rate to rise. O d....

  • QUESTION 11 Lending money and collecting the loans are Not yet answered Marked out of 1.00...

    QUESTION 11 Lending money and collecting the loans are Not yet answered Marked out of 1.00 Select one P Flag question a. Non-cash investing and financing activities b. Operating activities O c. Financing activities d. Investing activities QUESTION 12 Not yet answered In the month of April, Mazaya Company Inc wrote checks in the amount of R.0.18.500. In May, checks in the amount of R.O.25.316 were written in April, R016.936 of these checks were presented to the bank for payment,...

  • Energy is always... Question 4 Not yet answered Marked out of 1.00 P Flag question Select...

    Energy is always... Question 4 Not yet answered Marked out of 1.00 P Flag question Select one: o decreasing o lost • conserved o increasing Question 5 When a compound gains energy the process is Not yet answered Marked out of 1.00 Select one: • endothermic P Flag question O hypothermic exothermic hyperthermic o Question 6 Bonus question: heat will pass by conduction and heat will pass by convection and heat will pass by radiation and that's.... Not yet answered...

  • Question 3 in heating and cooling, 9 = Not yet answered Select one: ATIC Marked out...

    Question 3 in heating and cooling, 9 = Not yet answered Select one: ATIC Marked out of 1.00 P Flag question O -ΡΔν • CVAT O m c ΔΤ Question 4 Physical changes occur at constant Not yet answered Marked out of 1.00 Select one: • entropy O time p Flag question temperature O energy A change of temperature of -5°C is equivalent to a temperature change of... Question 5 Not yet answered Marked out of 1.00 P Flag question...

  • Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses...

    Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses Mighty Big Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management and general 200,000 Research 50,000 What amount should Mighty Big Museum report as expenses for support services? $350,000 $450,000 $500,000 $800,000 Question 10 Not yet answered Marked out of 1.00 P Flag question Statement of cash flows Scouting for All, Inc., a...

  • please show work Question 6 Not yet answered Marked out of 5.00 P Flag question Preparing...

    please show work Question 6 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 54,000 Sold equipment for cash, previously used in operations 45,000 Paid cash for dividends 18,000 Issued common stock for cash 180,000 Retired a 10-year bond payable by repaying the face...

  • Question 6 Not yet answered Marked out of 1.00 P Flag question Chemiosmosis ... Select one:...

    Question 6 Not yet answered Marked out of 1.00 P Flag question Chemiosmosis ... Select one: O a. refers to harnessing the energy generated by the proton-motive force O b. Occurs primarily during glycolysis O c. is a form of substrate-level phosphorylation O d. Refers to the transfer of glucose across the mitochondrial membrane. Question 7 Not yet answered Marked out of 1.00 Flag question space) (space) (membrane) (mer In this image, where would you expect to see ubiquinone? Select...

  • Question 1 Not yet answered Marked out of 1.00 p Flag question Which of the following...

    Question 1 Not yet answered Marked out of 1.00 p Flag question Which of the following is result of decisions based on inaccurate information? Select one: a. Delivering products to customers on time O b. Meeting customers' demands O c. All the answers d. Misallocation of resources Question 2 Not yet answered Marked out of 1.00 p Flag qu In digital firms, Core business processes are accomplished digitally Select one: a. True о b. FALSE Previous page f Question 7...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT