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Accounting Questions and Answers (Q&A)

Lnwilcox
Answered: Jul 07, 2020
All of the above are intangible

1 Answer

1104 views
W. Mocroft, Philanthropist
Answered: Nov 27, 2018
Of the three examples given in this question, the first, the Balance Sheet is wrong because it gives financial information at one particular point in time. A balance sheet reports a company's...Read More

2 Answers

852 views
Lekden
Answered: Jul 07, 2020
The seller has title to the goods until they are delivered.

1 Answer

843 views
C is the right answer. Cost of materials is one of the variable values in a business. A variable cost creates changes in the proportion of the production output. It may decrease or increa...Read More

2 Answers

794 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The cost of land should include the cost of removing unwanted buildings and the cost of grading and clearing the land. In other words, the correct answer is D: both A and B. When you’re...Read More

3 Answers

751 views
Bergeront Tiffney, Computer Engineer
Answered: May 02, 2019
The answer to this is B. The monthly fixed fee is $90 but because of the additional copies that need to be made, the extras will be charged for every copy. This means that for the month of...Read More

2 Answers

627 views
Ferranti
Answered: Jul 07, 2020
The ability to produce more of a given product using a given amount of resources

1 Answer

530 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
A balance sheet has three sections, named Assets, Liabilities, and Equity. The point of a balance sheet is to keep track of these three things over a long period of time. For those not in the...Read More

2 Answers

515 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The correct course of action here is to go with answer B: journal, ledger, trial balance, financial statements. The financial statement is pretty much submitting your final essay, and the other...Read More

2 Answers

495 views
Anie Nikahi
Answered: Aug 19, 2018
Revenue is not included in the balance sheet because a balance sheet only record Assets, Liability, and Owner's Equity. Revenue is recorded in the Income Statement where it summarises cash...Read More

2 Answers

444 views
John Smith
Answered: Jul 07, 2020
Amount of checks outstanding at the end of the period.

Exam 1

1 Answer

426 views
John Smith
Answered: Jul 07, 2020
Service revenue has a debit balance

1 Answer

406 views
John Smith
Answered: Jul 07, 2020
They will remain the same as production levels change within the relevant range

3 Answers

403 views
Jc
Answered: Jul 07, 2020
Straight-line depreciation expense

1 Answer

398 views
The right answer is lettered C. A break-even point is significant revenues to cover the total amount of variable and fixed expenses by a company in a specific time. For a company to have a...Read More

2 Answers

392 views

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