Chapter 5 Accounting

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TYBAF || Valuation Of Goodwill

This quiz covers key concepts in the valuation of goodwill, including EPS, MVA, super profit, and normal profit calculations, aimed at TYBAF students.

Questions: 20 | Attempts: 308 | Last updated: Mar 21, 2023

Sample Question
Which of the following statement is true

EVA shows the economic profit of the Co.

For calculation of EVA WACC is required

Both a & b

None of the Above

E-Quiz On Acc & Bst

This E-Quiz on Accounting and Business Studies assesses key financial concepts such as asset liquidity, accounting principles, and transaction recording. It is designed to enhance...

Questions: 25 | Attempts: 125 | Last updated: Jan 18, 2023

Sample Question
The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,

Current Assets

Fixed Assets

Intangible Assets

Investments

FINAL EXAM- FUNDAMANTALS OF ACCOUNTING

This final exam tests fundamental accounting principles, covering balance sheets, economic events, asset categorization, and cost-related terms.

Questions: 74 | Attempts: 239 | Last updated: Mar 21, 2023

Sample Question
is prepared at the end of the accounting period to show the financial position of business

Profit & low account

Balance sheet

Trail balance

BBA LLB SEC E_QUIZ2_Principles Of Accounting

Maximum Marks for this Quiz will be 30. Ten questions carry 2 marks with a negative mark of .5 (1/4) for each wrong answer. (10x2) Two questions have 5 marks with a...

Questions: 12 | Attempts: 192 | Last updated: Mar 15, 2023

Sample Question
The Cash Flow Statement can be prepared with Direct or Indirect Method. The difference in presentation between both the methods affects

Investing Section only

Operating Section only

Financing Section only

All of the above

ACCOUNTING 1 MIDTERM PRE-EXAMINATION

This pre-examination for ACCOUNTING 1 MIDTERM assesses knowledge on inventory systems, cost of goods sold, and financial statements accuracy. It evaluates understanding of key...

Questions: 80 | Attempts: 619 | Last updated: Mar 22, 2023

Sample Question
When using the perpetual inventory system, freight charges on goods purchased are debited to inventory.

True

False

How Much Do You Know About Small Business Accounting?

Though small business accounting and business accounting fall under the same field, small business is quite different. It deals with smaller-scale companies and so is not as broad...

Questions: 10 | Attempts: 216 | Last updated: Jun 17, 2023

Sample Question
What term is used for day-to-day dealings that involve the exchange of goods and services for cash?

Bookkeeping

Business Transactions

Accounting

Occasion

Chapter 5 Accounting

What is the maturity value of a $40,000, 10%, six month note?

Quiz Preview

Net sales total $547,500. Beginning and ending accounts receivable are $38,000 and $46,000. Calculate the day's sales in receivables

Rolling Tennis Academy held investments in trading securities valued at $45,000 on Dec 31. These investments cost $38,000. What is the appropriate amount for Rolling Green to report for these investments on Dec 31 balance sheet?

Rosewood Corp. began 2012 with AR of $450,000. Sales for year totaled $1,600,000. Rosewood ended the year with accounts receivable of $525,000. Rosewood's bad-debt losses are minimal. How much cash did rosewood collect from customers in 2012?

What should appear on the Rolling Green income statement for the year ended Dec 31 for the trading securities?

Mars company received a four-month, 7%, $6,000 note receivable on March 1. The adjusting entry on March 31 will be

If the adjusting entry to accrue interest on a note receivable is omitted, then

Accounts Receivable has a debit of $2,900 and allowance for uncollectibles of $100. A $70 accounts receivable was written off. What is the amount of net receivables after the write off?