ACC 205 (ACC 205)

When a corporation borrows fundsQuestionWhen a corporation borrows funds by signing a note payable which includes an interest provision, which of the following accounts are affected on the date of the borrowing? I. cash II. notes payable III. interest payableAnswer & ExplanationWhen a corporation borrows funds by signing a note payable that includes an interest provision, the accounts affected on the date of borrowing are:I. Cash: This account is affected because the corporation receives c...

When a company reports negative net cash flows from operationsQuestionWhen a company reports negative net cash flows from operations, which of the following information is more relevant to help the firm stay proactive? C ratio of equity to annual cash expenses O ratio of equity to monthly cash expenses O ratio of cash to monthly cash expenses ratio of accounts payable to annual financing expenses O all of the above can be usedAnswer & ExplanationWhen a company reports negative net cash flo...

What is true of Grand TotalsQuestionWhat is true of Grand Totals? They are always highlighted green. They are always shown as averages. They are required for a PivotTable. They can be shown for ROWS.Answer & ExplanationThe correct statement about Grand Totals is: "They can be shown for ROWS."Explanation:1.They are always highlighted green:oThis is not true. The highlighting of Grand Totals depends on the formatting applied by the user in a PivotTable. There is no default color like g...

What is the available cash that a property yields if the income is equal toQuestionWhat is the available cash that a property yields if the income is equal to $350,000, the cash expenses equal $110,000, and the principal and interest amount to $55,000...? $295,000 (Dollars) $85,000 (Dollars) $165,000 (Dollars) $185,000 (Dollars)Answer & ExplanationTo determine the available cash that a property yields, we need to calculate the net cash flow by subtracting both the cash expenses and the pri...

What is an underlying componentQuestion39. What is an underlying component that contributes to an investor's decision as to what capitalization rate is appropriate for a particular property...? The amount of real estate taxes paid on the property The amount of expenses a property will demand The amount of gross potential income a property can earn The amount of risk associated with the dealAnswer & ExplanationThe correct answer is: The amount of risk associated with the dealExplanation:...

what happened in the TargetQuestionwhat happened in the Target's data breach to illustrate the impact on victims.Answer & ExplanationThe Target data breach, which occurred in late 2013, is one of the most notorious data breaches in history. Here's a detailed illustration of its impact on victims:Scope of the Breach: The break in at Target's system was through the third party vendor login credentials. Target's POS system was targeted with malware by the attac...

What does it take to be a good investigative report writerQuestionWhat does it take to be a good investigative report writerAnswer & ExplanationBeing a good investigative report writer requires a combination of skills, knowledge, and attributes. Here are the key components:1. Strong Research SkillsThoroughness: Ability to conduct comprehensive research using various sources such as documents, interviews, databases, and public records.Attention to Detail: Ensuring no detail is...

What do you configure for regrouping receivables and payablesWhat do you configure for regrouping receivables and payables? Valuation method; sort method; provision method; calculation methodAnswer & ExplanationTo configure regrouping of receivables and payables, you would typically focus on the sort method.Explanation:1.Sort Method:oThe sort method is used to categorize or group receivables and payables based on specific criteria such as due dates, customer/vendor accounts, or other relev...

What details did the patient provide regarding their chief complaint and symptomology to derive your differential diagnosisSubjective: What details did the patient provide regarding their chief complaint and symptomology to derive your differential diagnosis? What was the duration and severity of their symptoms? How are their symptoms impacting their functioning in life?Objective: What observations did you make during the psychiatric assessment?Assessment: Dis...

What are the two basic requirements that must be met in order for something to be considered an excess benefit transactionWhat are the two basic requirements that must be met in order for something to be considered an excess benefit transaction?Answer & ExplanationAn excess benefit transaction involves a situation where an economic benefit is provided by a tax-exempt organization to a disqualified person, and the value of the benefit exceeds the value of the consideration received in retur...