Homework Answers
1. True. Limited liability company can be formed with only one member.
2. Several liability
3. Accounts payable as it is a liability
4. Joint liability
5. Leases which does not qualify condition of lease term equal to or greater than 75% of the asset's estimated life and present value of lease is 90% of fair value of lease asset is operating lease.
So the above statement is true.
6. Inexperienced management
Add Answer to:
A Limited Liability Company (LLC) can be formed with only 1 member. True False QUESTION 11...
QUESTION 1 An Indemnity may be satisfied by: Cash Payment Replacement of what was damaged Repair...
QUESTION 1 An Indemnity may be satisfied by: Cash Payment Replacement of what was damaged Repair of what was damaged All of the above QUESTION 2 The Financing form where a company receives funding to purchase materials to satisfy a customer order is called: Secured Loan Factoring Bank Loan Purchase Order Factoring QUESTION 3 None of the owners of a company that receives a SBA 7(a) loan are required to provide personal guarantees. True False ĚO OOO The SBA acts...
Question 11 an assignment problem is a special type of transportation problem. True False Question 12...
Question 11 an assignment problem is a special type of transportation problem. True False Question 12 when formulating a linear programming problem on a spreadsheet, the data cells will show the optimal solution. True False Question 13 an example of a decision variable in a linear programming problem is profit maximization. True False Question 14 Predictive analytics is the process of using data to. C) determine the break-even point. D) solve linear programming problems. B) predict what will happen in...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that only authorized members may legally bind the corporation. a. True b. False 2. A corporation is a separate entity for accounting purposes but not for legal purposes. a. True b. False — 3. When compared to a corporation, one of the major disadvantages of the partnership is its limited life. a. True b. False _ 4. Each partner may withdraw the assets he or...
Question 38 (3 points) An student has only 1 asset, a Toyota Camry worth $10,000, and 1 liability,a $4,000 car loan with 2 years remaining. Therefore, the student's APC is 60% A) True B) False...
Question 38 (3 points) An student has only 1 asset, a Toyota Camry worth $10,000, and 1 liability,a $4,000 car loan with 2 years remaining. Therefore, the student's APC is 60% A) True B) False
Question 38 (3 points) An student has only 1 asset, a Toyota Camry worth $10,000, and 1 liability,a $4,000 car loan with 2 years remaining. Therefore, the student's APC is 60% A) True B) False
True/False Indicate whether the statement is true or false, 1. Receivables from company owners and officers...
True/False Indicate whether the statement is true or false, 1. Receivables from company owners and officers should be disclosed separately on the balance sheet. 2. Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance for uncollectible receivables. 3. 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. 4. During construction of a building, the cost of interest...
True or False questions for Accounting ACCT-1001 Financial Accounting Part 1 Chapter 2 Analyzing and Recording...
True or False questions for Accounting
ACCT-1001 Financial Accounting Part 1 Chapter 2 Analyzing and Recording Transactions Module #2 - Chapter #2 Assignment 2C-2020 True / False The steps covered in the Accounting Cycle in this module were adjustments, prepare adjusted trial balance and prepare financial statements The account is a detailed record of the increases and decreases in a specific asset, liability or equity item. A ledger is a group of all the accounts used by a business and...
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUE...
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUESTION 17 A bank that certifies (in other words, accepts) a check has what type of liability for the payment of the check? A. Secondary. B. Accommodation liability. C. Primary. D. None. 3 points QUESTION 18 Real defenses, in the context of negotiable instruments, include A. duress that makes the contract void. B. illegality that makes the contract void. C. discharge in bankruptcy. D. all of the...
True or false? Question 6 1 pts Every prime number other than 2 can be expressed...
True or false?
Question 6 1 pts Every prime number other than 2 can be expressed in the form of 4k + 1 or 4k – 3 for some k E Z. True False Question 8 1 pts Suppose that algorithm A has running time na + 10 log2 (n) and the algorithm B has the running time n log2 (n) + 5n (where both depend on the input value n). Then for a sufficiently large input value n, algorithm...
< Question 8 of 10 Selected accounts follow of Blue Spruce Limited at December 31, 2020:...
< Question 8 of 10 Selected accounts follow of Blue Spruce Limited at December 31, 2020: Finished Goods Inventory Unearned Revenue Bank Overdraft Equipment Work-in-Process Inventory Cash FV-NI Investments Interest Payable Restricted Cash (for Plant Expansion) $157,000 92,000 9,800 403,000 44,000 60,000 36,000 49,000 60,000 Cost of Goods Sold Notes Receivable Accounts Receivable Raw Materials Inventory Supplies Expense Allowance for Doubtful Accounts Intangible Assets-Trade Names Contributed Surplus Common Shares $3,800,000 48,000 251,000 367,000 61,000 31,000 22,000 18,000 306,000 The following...
QUESTION 21 Respondeat superior is also known as res ipsa loquitur vicarious liability mother superior corporate...
QUESTION 21 Respondeat superior is also known as res ipsa loquitur vicarious liability mother superior corporate liability QUESTION 22 A firm that provides service for employers and associations that have group insurance policies is called Medicare services Freelancers Mediators Third Party Administrator (TPA) QUESTION 23 A law that ensures that employee benefit plans conform to a uniform body of law is called. HIPAA The ADA The Hill - Burton Act ERISA QUESTION 24 Joint liability is an orthopedic matter Arises...
QUESTION 1 An Indemnity may be satisfied by: Cash Payment Replacement of what was damaged Repair of what was damaged All of the above QUESTION 2 The Financing form where a company receives funding to purchase materials to satisfy a customer order is called: Secured Loan Factoring Bank Loan Purchase Order Factoring QUESTION 3 None of the owners of a company that receives a SBA 7(a) loan are required to provide personal guarantees. True False ĚO OOO The SBA acts...
1. The limited liability company may elect to be manager-managed rather than member-managed, which means that only authorized members may legally bind the corporation. a. True b. False 2. A corporation is a separate entity for accounting purposes but not for legal purposes. a. True b. False — 3. When compared to a corporation, one of the major disadvantages of the partnership is its limited life. a. True b. False _ 4. Each partner may withdraw the assets he or...
Question 38 (3 points) An student has only 1 asset, a Toyota Camry worth $10,000, and 1 liability,a $4,000 car loan with 2 years remaining. Therefore, the student's APC is 60% A) True B) False
Question 38 (3 points) An student has only 1 asset, a Toyota Camry worth $10,000, and 1 liability,a $4,000 car loan with 2 years remaining. Therefore, the student's APC is 60% A) True B) False
True/False Indicate whether the statement is true or false, 1. Receivables from company owners and officers should be disclosed separately on the balance sheet. 2. Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance for uncollectible receivables. 3. 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. 4. During construction of a building, the cost of interest...
True or False questions for Accounting
ACCT-1001 Financial Accounting Part 1 Chapter 2 Analyzing and Recording Transactions Module #2 - Chapter #2 Assignment 2C-2020 True / False The steps covered in the Accounting Cycle in this module were adjustments, prepare adjusted trial balance and prepare financial statements The account is a detailed record of the increases and decreases in a specific asset, liability or equity item. A ledger is a group of all the accounts used by a business and...
True or false?
Question 6 1 pts Every prime number other than 2 can be expressed in the form of 4k + 1 or 4k – 3 for some k E Z. True False Question 8 1 pts Suppose that algorithm A has running time na + 10 log2 (n) and the algorithm B has the running time n log2 (n) + 5n (where both depend on the input value n). Then for a sufficiently large input value n, algorithm...
< Question 8 of 10 Selected accounts follow of Blue Spruce Limited at December 31, 2020: Finished Goods Inventory Unearned Revenue Bank Overdraft Equipment Work-in-Process Inventory Cash FV-NI Investments Interest Payable Restricted Cash (for Plant Expansion) $157,000 92,000 9,800 403,000 44,000 60,000 36,000 49,000 60,000 Cost of Goods Sold Notes Receivable Accounts Receivable Raw Materials Inventory Supplies Expense Allowance for Doubtful Accounts Intangible Assets-Trade Names Contributed Surplus Common Shares $3,800,000 48,000 251,000 367,000 61,000 31,000 22,000 18,000 306,000 The following...
Most questions answered within 3 hours.
-
A grinding wheel is in the form of a uniform solid disk of
radius 7.10 cm...
asked 4 minutes ago -
as licensed professionals doarchitects and enineers have a
responsability to address future conditions ( and future...
asked 3 minutes ago -
A 5Kg block of ice at -10 C is heated until it reaches a
temperature of...
asked 8 minutes ago -
Calculate how many grams of DNA solution you would need to
obtain to load 1.2ug of...
asked 8 minutes ago -
1. The following reaction forms 15.8 g of Ag(s):
2Ag2O(s)→4Ag(s)+O2(g) What total volume of gas forms...
asked 11 minutes ago -
In Java, if you wanted to get the pixel that is in the
bottom-right hand corner...
asked 20 minutes ago -
After receiving an answer that contains one or more
counterclaims, a plaintiff files a reply that...
asked 27 minutes ago -
From the end of a string (whose other end is firmly attached to
the ceiling) we...
asked 35 minutes ago -
When a firm is in an increasing-cost industry, a decrease in
demand will result in economic (Click...
asked 1 hour ago -
1. Explain what the advantages are of having a System on a Chip
rather than separate...
asked 1 hour ago -
A turbine is spinning freely at 3750 rpm. It takes 10 min to
coast to a...
asked 1 hour ago -
home / study / business / operations management / operations
management questions and answers / eastman...
asked 1 hour ago