Recent Question

1.Property, plant, and equipment and intangible assets are (Points : 9) long-term revenue-producing assets. created by the normal operation of the business and include accounts receivable. all assets except cash and cash equivalents. current and long-term assets used in the production of either goods or services. 2.(TCO 3) Our company exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,0 ...

Other / Other 17 Jun 2016

1. Which of the following represents the largest percentage of state tax revenue? Sales tax Individual income tax Other Property tax None of these 2. Congress recently approved a new, bigger budget for the IRS. What taxation concept evaluates the cost of administering our tax law? Convenience Economy Certainty Equity None of these 3. The city of Granby, Colorado recently enacted a 1.5% surcharge on vacation cabin rentals that will h ...

Other / Other 17 Jun 2016

Question 1 of 20 5.0/ 5.0 Points When a business borrows money, it incurs a(n): A. tax. B. liability. C. receivable. D. additional equity. Question 2 of 20 5.0/ 5.0 Points Paying expenses affects which financial statement elements? A. Assets only B. Stockholders’ equity only C. Assets and stockholders’ equity D. Assets and liabilities Question 3 of 20 0.0/ 5.0 Points Anthony, Inc. buys land for $50,000 cash. The net ...

Other / Other 17 Jun 2016

1. Which of the following financial statement(s) reports both current and noncurrent assets and liabilities? A. Choice A B. Choice B C. Choice C D. Choice D 2. Which of the following should not be reported as a liability of the General Fund? A. General obligation bonds payable (due in 10 years). B. Vouchers payable. C. Tax anticipation notes payable. D. Due to federal government. 3. When a computer is ordered by a department of the gove ...

Other / Other 17 Jun 2016

Question 1 Which of the following is a factor present in a situation which may affect a person's perception? A. similarity B. experience C. size D. expectation E. time Question 2 Which of the following types of biases is most likely to play a significant role during a negotiation? A. anchoring bias B. distinction bias C. normalcy bias D. status quo bias E. impact bias Question 3 Phyllis Stintson needs to decide whether to start a c ...

Other / Other 17 Jun 2016

Question Question Points 1. Many things that society values, such as good health, high-quality education, enjoyable recreational opportunities, and desirable moral attributes of the population, are not measured as part of the GDP. It follows that: a. GDP is not a useful measure of society's welfare. b. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government. c. GDP is st ...

Other / Other 17 Jun 2016

Question Question 1 A government can finance its budget deficit by doing all of the following except: buying bonds. borrowing from its central bank. selling bonds. printing money. 2 points Question 2 According to some economists when a country's debt-to-GDP ratio exceeds 90 percent: the interest rate will fall, reducing debt service payments. the government will have to purchase more long-term securities. it will compel citizens to bu ...

Other / Other 17 Jun 2016

Question If a nation is selling more goods and services to foreigners than it is buying from them, then on net it must be buying assets abroad. a. True b. False 2. If saving is greater than domestic investment, then: a. there is a trade deficit and Y > C + I + G. b. there is a trade deficit and Y < C + I + G. c. there is a trade surplus and Y > C + I + G. d. there is a trade surplus and Y < C + I + G. 3. If interest rates rose more in Ge ...

Other / Other 17 Jun 2016

Question Question Points 1. A favorable supply shock will cause: a. unemployment to rise and the short-run Phillips curve to shift right. b. unemployment to rise and the short-run Phillips curve to shift left. c. unemployment to fall and the short-run Phillips curve to shift right. d. unemployment to fall and the short-run Phillips curve to shift left. 2. The wealth effect, interest-rate effect, and exchange-rate effect are all explanati ...

Other / Other 17 Jun 2016

Question 1 The strategic business unit (SBU) concept is best identified as a: 1. planning tool that separates tactical and operational issues for analysis. 2. marketing planning tool best suited to the needs of large, diversified organizations. 3. way to create units of business activity based solely on sales potential. 4. device used primarily to separate marketing costs from production expenses. 2 points Question 2 Which of the followin ...

Other / Other 17 Jun 2016