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ACC 240 Chapter 2 Quiz
Question 1 How many days do you have to register QB Student Trial Edition after installation? 10 days. 30 days. 120 days. 140 days.
Question 2 What happens to the QB student trial edition once the trial period expires? Becomes QB online edition. Becomes QB basic. Becomes QB premier. Becomes inoperable.
Question 3 When using the sample companies today's date is: 12/15/2010. 12/15/2011. 12/15/2012. 12/15/2013.
Question 4 QB student trial edition can be backed up to: hard drive. network drive. external media. all of the above.
Question 5 Back up files may be saved as: back up copy.portable company file. accountant copy. all of the above.
Question 6 Which of the following appears on the Menu bar: Help. Find. Search.Feedback.
The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?
your client general television inc. manufactures televisions and during the current year acquired micro engineering
Your company plans to hire an employee at a yearly salary of $ 70,000. Someone in your company says the actual cost will be lower because of payroll deductions. Someone else says it will be higher. Who is right? What is likely to be the total cost to..
labeau products ltd. of perth australia has 19000 to invest. the company is trying to decide between two alternative
A company $100 million of fixed interest rate bonds payable at $98 million. At year-end, the bonds were selling in the bond market at $97 million. What entry would Moore Company make at year-end to record the change in selling price?
cowboy company wishes to sell a machine with a book value of 40000. the income tax rate is 30.the machine is sold for
net sales 967250 cost of goods sold 631450 average inventories for the year 198000 inventories at year-end 158300
Calculate the current ratio at January 31 and indicate whether PRS has met its loan covenant that requires a minimum current ratio of 1.2. Prepare adjusting journal entries on 1/ 31, using the following information. Prepare an income statement for Ja..
question 1 unsaved the purpose of adjusting entries is1. recognize revenue earned but not yet recorded.2. recognize
your client is alls fair appliance company an appliance wholesaler. select the most appropriate audit procedure from
the can division of fruit products inc. manufactures and sells tin cans externally for 0.30 per can. its unit variable
What is vertical analysis? When would you use vertical analysis instead of horizontal? Do companies use one or the other? Please explain. What about industry averages? How do people use industry averages for comparative analysis?
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