Wgu d104 - Study guides, Class notes & Summaries

Asset Turnover Ratio - ANSWER-net sales/average total assets Profit Margin Ratio - ANSWER-net income/total sales Rate of return on assets - ANSWER-net income/average total assets Current ratio - ANSWER-current assets/current liabilities acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity payout ratio - ANSWER-cash ...

WGU D104 Intermediate Accounting II Units 2-3(Complete)2023

Asset Turnover Ratio - ANSWER-net sales/average total assets Profit Margin Ratio - ANSWER-net income/total sales Rate of return on assets - ANSWER-net income/average total assets Current ratio - ANSWER-current assets/current liabilities acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity payout ratio - ANSWER-cash ...

These characteristics: They are acquired for use in operations and not for resale. They are long-term in nature and usually depreciated They possess physical substance. Describe what? - ANSWER-property, plant, and equipment Only asset that is NOT depreciated - ANSWER-land PP&E - ANSWER-property, plant, and equipment historical cost - ANSWER-the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use compani...

When the book value is greater than the fair value. - ANSWER-Impairment The excess of book value over fair value. - ANSWER-Impairment loss. The cost + avoidable interest less salvage value. - ANSWER-Depreciable base. Cost of permanent landscaping - ANSWER-Land - do not depreciate. Cost of private driveways, walks, fences, and parking lots - ANSWER-Land improvements - depreciate over useful life. Pavements, street lights, sewers, and drainage systems. - ANSWER-Land - costs afterwar...

(WGU D104) ACCT 3621 Intermediate Accounting II - Complete OA Review .(WGU D104) ACCT 3621 Intermediate Accounting II - Complete OA Review .(WGU D104) ACCT 3621 Intermediate Accounting II - Complete OA Review .

When can interest costs for an asset be capitalized? - ANSWER-When assets are being prepared for its intended use Which method should be used to handle indirect costs of self-constructed assets? - ANSWER-Assigning a pro rata portion of all overhead to the asset A company purchases land for development into a subdivision. The land has a factory building on it that will need to be demolished. Where should the interest costs be allocated? - ANSWER-Cost of the land In which situation can c...

WGU D104 Intermediate Accounting II Units 4- Questions and answers latest update

WGU D104 Exam with Verified Solutions Latest Update Data - Definition Numeric, textual, visual, or audio information that describes real-world systems Scope - Data Amount of data produced & collected can vary Format - Data Data may be produced as numbers, text, image, audio, or video Access - Data Some data sources are private while others are made publicly available Analog - Data Encoded as continuous variations on various physical media Digital - Data Encoded as 0s & 1s on electro...