58 test bank for fundamental financial accounting concepts 8th

... cost for variable: $7,500, total cost for fixed: $6,000, cost per unit for variable: $5, cost per unit for fixed: $4 Number of units: 3,000, total cost for variable: $15,000, total cost for fixed: ... C Average cost information can help managers evaluate performance of the company or departments in the company D Cost averaging should be used only for fixed costs, and not for v...

Ngày tải lên: 09/03/2017, 08:37

... cost for variable: $7,500, total cost for fixed: $6,000, cost per unit for variable: $5, cost per unit for fixed: $4 Number of units: 3,000, total cost for variable: $15,000, total cost for fixed: ... increase by $250 D Jinx's net income will increase by 6% The magnitude of operating leverage for Blue Ridge Corporation is 3.5 when sales are $200,000 and net income is $36,000...

Ngày tải lên: 09/03/2017, 08:37

... cost for variable: $7,500, total cost for fixed: $6,000, cost per unit for variable: $5, cost per unit for fixed: $4 Number of units: 3,000, total cost for variable: $15,000, total cost for fixed: ... calculated for a sufficiently long time period to capture seasonal fluctuations in costs 2 B Average costs are often more relevant for decision making than are actual costs C Av...

Ngày tải lên: 09/03/2017, 08:37

... expense? A Office salaries B Wages for production workers C Product advertising costs D Sales commissions 63 Free Test Bank for Fundamental Managerial Accounting Concepts 6th Edition by Edmonds Multiple ... regarding managerial and financial accounting A Users of financial accounting information desire greater aggregation than users of managerial accounting infor...

Ngày tải lên: 09/03/2017, 08:42

... common stock must be A $700 B $5,500 C $4,700 D $1,700 56 Free Test Bank for Fundamental Financial and Managerial Accounting Concepts 1st Edition By Edmonds Multple Choice Questions - Page Which ... equity D revenue Accounting information focused on the needs of external users is A financial accounting B managerial accounting 3 C claims accounting D not -f...

Ngày tải lên: 09/03/2017, 08:37

... operating activities was $800 for the year D total assets increased by $1,300 during 2007 56 Free Test Bank for Fundamental Financial and Managerial Accounting Concepts 1st Edition By Edmonds Multple ... both B and C A stockholder in a corporation would use _ to learn about the company A financial accounting information B managerial accounting information C...

Ngày tải lên: 09/03/2017, 08:37

... Statement of public accounting 82 Free Test Bank for Using Financial Accounting Information The Alternative to Debits and Credits 7th Edition by Porter Multiple Choice Questions-Page Kingston Inc had ... except: which alternative provides the most relevant information which alternative provides the most accurate information which alternative provi...

Ngày tải lên: 09/03/2017, 09:25

... Retained earnings ?Inventory 33,000 $3,000 $110,000 $63,000 $173,000 82 Free Test Bank for Using Financial Accounting Information The Alternative to Debits and Credits 7th Edition by Porter Multiple ... grocery store? The manager of the grocery store The supplier of milk to the grocery store A stockbroker looking for a possible investment A cust...

Ngày tải lên: 09/03/2017, 09:25

... generally accepted accounting principles in the United States is the: A APB B FASB C AAA D AICPA E SEC 94 Free Test Bank for Fundamental Accounting Principles 20th edition by Wild Multiple Choice ... expenses over revenues for a period is: A Net assets B Equity C Net loss D Net income E A liability 94 Free Test Bank for Fundamental Accounting Principle...

Ngày tải lên: 09/03/2017, 09:27

... statement offers no examples of such contractual obligations, but it seems reasonable that they would be of sufficient significance to involve the formal action of the governing board For example, ... overexpended For example, although salaries and wages of government Many governments would require an additional approval (frequently in the form of a revised encumbrance) for am...

Ngày tải lên: 21/06/2014, 04:20

... Reclassification of Current Taxes Assuming that all property taxes levied by the Village of Elizabeth for 2012 were to have been paid by property owners before the end of the year, any balance of taxes ... Sheet for the General Fund of the Village of Elizabeth as of the end of 2012 is shown in Illustration 4–4 If the General Fund has both a due from and a due to another fu...

Ngày tải lên: 21/06/2014, 04:20

... the method of accounting for a deferred serial bond issue cop2705X_Ch05_122-153.indd 136 2/1/10 5:43:57 PM Accounting for Other Governmental Fund Types 137 Debt Service Accounting for Capital ... donations take the form of trusts Trusts are accounted for in a number of different funds, depending on the nature and terms of the agreement Illustration 5–2 summarizes accoun...

Ngày tải lên: 21/06/2014, 04:20

... bottom of Illustration 2–11 for an example) A similar requirement exists for cash flow statements prepared for commercial businesses and private not -for- profit organizations Apago PDF Enhancer Accounting ... 31, 2012, for the City of Sandwich Swimming Pool Fund d Prepare a Statement of Cash Flows for the Year Ended December 31, 2012, for the City of Sandwich Swimming P...

Ngày tải lên: 21/06/2014, 04:20

... distributions of tax collections for each year to each fund or unit in the proportion the levy for that fund or unit bears to the total levy for the year Apago PDF Enhancer Accounting for Tax Agency ... receivable is offset in total by the liability If collections of taxes during a certain portion of the year amounted to $2,400,000 for other governments and $1,800,000 for...

Ngày tải lên: 21/06/2014, 04:20

... Worksheet Entry for Preparation of Government-wide Statements Sale of Bonds Cash OFS: Proceeds of bonds OFS: Premium on bonds Dr Cr Cr OFS: Proceeds of bonds OFS: Premium on bonds Amortization of Bond ... grant for road repairs • $300,000 was received as a gift for establishment of a permanent fund for the maintenance of the city cemetery • $100,000 in charges for serv...

Ngày tải lên: 21/06/2014, 04:20