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(Multiple choice)1. To prepare common size statements, what do you do to the financial statement data elements? a. Convert them to amounts per capitab. Present them on a single pagec. Show them as percentages of 100d. Convert them to percentage change data2. Which of the following is considered an asset in computing the quick ratio?a. Supplies inventoryb. Prepaid insurancec. Investments in long term bondsd. Certificates of deposit purchased with an original maturity of 30 days3. Which of the following belongs in the numerator when computing the budgetary cushion of a municipal government?a. Infrastructure assetsb. Unassigned fund balancec. Proceeds of bonds issued for capital construction purposesd. Restricted fund balance4. In computing the program services ratio, which of these expenses would not be considered part of the program service expenses?a. Donated services of an administrative nature, such as legal feesb. Depreciation of equipment used by a programc. Expenses of a program financed from temporarily restricted fundsd. Donated services applicable to a program5. What does the number of days, revenue in a hospital, receivables reveal? a. Its bad debts expense for the yearb. The amount of its charity servicesc. Its accounts receivable collection efficiencyd. The amount of its net patient service revenue6. O verlapping debt is which of the following?a. General obligation debt sold to finance the capital assets of Enterprise Fundsb. Debt sold by a public authority on behalf of a primary governmentc. The proportionate share of debt issued by other governmental units that provide services to the citizens of the governmentd. The portion of total debt issued by a government that is due in future years7. What does the funded ratio show?a. The portion of bonds payable that has been set aside in a debt service reserve fundb. The portion of the pension benefit obligation that is covered by assets available for pension benefitsc. The portion of the future cost of fixed assets that is financed by a new bond issued. The portion of the current year, tax levy collected during the year
1causes for the difference between applied and actual overhead costs do not include?a different number of workdays in
Determine the amount of bad debts expense that must have been recorded by the company for 2008. Determine the amount of bad debts expense that must have been recorded by the company for 2008.
desmond drury and ty wilkins have decided to form a partnership. they have agreed that drury is to invest 34800 and
Norma, the proprietor of Hyacinth Enterprises, withdrew $50,000 from Hyacinth during the year. Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2009?
(Two Temporary Differences, One Rate, Beginning Deferred Taxes, Compute Pretax Financial Income) The following facts relate to Integrated Products Corporation.
Assuming the lawsuit was resolved in February of 2012 (at which time a $200,000 loss was recognized for tax purposes) and that Begal's tax rate is 30 percent for both 2011 and 2012, what amount should Begal report as asset for net deferred income ..
tear company a newly established subsidiary of stern corporation recceived assets with an original cost of 260000 and a
Where is the product manufactured?
angies blooms purchased a delivery van for 30000. the company was given a 3000 cash discount by the dealer and paid
Every sale must bear its share of the full costs of running the business. If we sell below our full cost,we'll be out of business in no time." What do you thinkof this remark?
What major benefits do corporations and investors enjoy due to the existence of organized security exchanges?
Answer the following independent questions and show computations using the contribution margin technique to support your answer. How many units are sold to break even?
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