The maintenance contra - Study guides, Class notes & Summaries

Succession Succession: - This aspect of law deals with what happens to an estate (the assets you leave behind) after you pass away. - Estate = the assets, obligations, liabilities, debts, etc. that you leave behind. - Inheritance = what is left once all the debts and liabilities have been paid. - Succession determines who qualifies to inherit. There are 2 types of succession: - 1) Testate = dealing with wills. - 2) Intestate = dealing with no wills. Terminology: - Deceased = person w...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Distinguish between tangible and intangible assets -tangible assets have physical substance (examples: land, buildings, machinery, fixtures and equipment) depreciate all tangible assets except land -intangible assets have no physical substance (examples: trademarks, patents, copyrights) provide the owner with specific rights and privileges account for the purchase and sale of long-lived assets What costs to capitalize - include all costs necessary to acquire an asset and prepare it for its inte...

Excel Crash Course Exam from Wall Street Prep - Wall Street Prep Questions And Answers Updated 2024 Wall Street Prep The Premium Package Review: Accounting & Financial Statement Analysis Exam. Score: 95%, 38 correct out of 40 Question 1 Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 million in wages were earned and $7 million in cash wages were paid. Cash wages were used to first pay wages earned in 20...

Desired effects of moderate sedation - Answer-To maintain intact reflex and to decrease anxiety, increase patient cooperation. Four levels of sedation - Answer-Minimal/ANXIOLYSIS-a drug-induced state during which the patient response normally to verbal commands. Cognitive and coordination may be impaired but respiratory and cardiovascular or not. Moderate/conscious sedation-drug induced depression of consciousness, patient responds purposely to verbal commands, no intervention required to ...

CISA EXAM 2|150 Questions with Verified Answers Q1) Which of the following is the MOST efficient and sufficiently reliable way to test the design effectiveness of a change control process? A) Interview personnel in charge of the change control process B) Perform an end-to-end walk-through of the process C) Test a sample of authorized changes D) Test a sample population of change requests - CORRECT ANSWER B) Perform an end-to-end walk-through of the process is correct. Observatio...

Financial Accounting Exam #3 Questions With Correct Answers A long-term asset is recorded at the: - answerCost of the asset plus all costs necessary to the asset ready for use. The Open Grill incurred the following costs in acquiring a new piece of land: What is the total recorded cost of the land? - answer$100,800. The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: What is the total recorded cost of the equipment? - answer$59,000. Which of the...

Aviation Law Exam 2 Review 2024 Questions and Answers hull coverage - Answer ️️ -covers damage to or destruction of the insured aircraft resulting from an accident -generally doesn't cover damage to the aircraft's engines in connection with an engine failure, unless the engine failure leads to other damage to the aircraft hull coverage may be purchased to cover: - Answer ️️ -all risks all risks while not in flight, or all risks while not in motion.2 Purpose-of-use categories - ...

WSU Accounting 230 Exam 3 Questions And Answers Rated A+ 2024. Recording an expenditure as an asset if it increases future benefits; if it only increase benefits during the current period then we label it as an expense. - correct answer. What does the term "capitalize" mean? Land, land improvements, buildings, equipment, and natural resources. - correct answer. What is included in Plant, Property, and Equipment? The long term asset at its cost, plus all expenditu...

ACA [ICAEW] – ACCOUNTING (2023/2024) ALREADY GRADED A Books of Original Entry 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll Statement of Financial Position SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time Statement of Profit and Loss Income and expenses over a period of time The Business entity concept Business transactions should be kept separate from the persona...