Acct i s 100 - Study guides, Class notes & Summaries

AIS100 Final Quiz Due in class on Monday (May 1, 2017) Each question is worth 2pts. 1. On January 1, 2017, Tri-State Supply Company purchased at face value, a $1,000, 5%, bond that pays interest annually on January 1. Tri-State Company has a calendar year end. The entry on January 1, 2017, is a. Debt investments 1,000 Cash 1,000 b. Cash 1,000 Interest Revenue 1,000 c. Interest Receivable 50 Interest Revenue 50 d. Cash 1,000 Debt Investments 2. On January 1, Vega Company purchased a...

Business Learning Center AIS 100 – Spring 2014 Final Review Packet Chapters 11, 12, 13, Appendix E CHAPTER 11 Part 1: Multiple Choice 1) Which of the following are characteristics of a corporation? I. Transferable ownership rights II. Limited liability to stockholders III. Low taxes IV. Governmental Regulation a. I, II b. I, II, III c. I, III, IV d. I, II, IV 2) Which of the following are disadvantages of a corporation? I. Separation of management and ownership II. Continuous l...

I. MULTIPLE CHOICE 1. The book value of a plant asset is the difference between the a) Cost of the asset and the yearly depreciation expense b) Replacement cost of the asset and its historical cost c) Proceeds received from the sale of the asset and its original cost d) Purchase price of the asset and the sum of the yearly depreciation to date 2. If bonds are issued at a discount, then over the life of the bonds, the a) Face value of the bonds will decrease b) Carrying value of the bonds...

BLC AIS 100 Exam 2 Review- Answers 1. All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act of 2002 except: a. independent outside auditors must attest to the level of internal control. b. companies must develop sound internal controls over financial reporting. c. companies must continually assess the functionality of internal controls. d. independent outside auditors must eliminate redundant internal control. 2. Internal controls are not des...

Exam One: Review Packet Chapter One: ________ Q: Which of the following statements is correct? a. A sole proprietor has no personal liability for debts of his business. b. There are far more corporations than there are sole proprietorships and partnerships. c. Revenue produced by corporations is much greater than that produced by proprietorships. d. It is very difficult for a corporation to raise capital. ________ Q: Which of the following is an example of an external user of accounting i...

TCRN Exam 320 Questions with Verified Answers Most common mechanism of injury - CORRECT ANSWER Falls Forms of energy - CORRECT ANSWER -mechanical -gravitational -thermal -chemical Types of trauma - CORRECT ANSWER -blunt -penetrating -burn -other Blunt trauma - CORRECT ANSWER accounts most injuries sustained frontal impact -aortic & cardiac injury, rib fxs, liver & spleen -dash board posterior hip fx/dislocation, femur, knee injury lateral impact -head/facial, c spine,...

Canadian Securities (CSC) Test #1 Questions And Answers 100% Pass Retail firms - answerfull service and discount brokerage firms for individuals. Institutional firms - answerincludes pension funds, mutual funds, and insurance companies. Integrated firms - answercontains all aspects of retail and institutional firms. Front office - answerin charge of portfolio management, marketing, sales, and trading. Middle office - answerin charge of compliance, accounting, audits, and legal. Back offic...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

TCRN Exam 320 Questions with Verified Answers Most common mechanism of injury - CORRECT ANSWER Falls Forms of energy - CORRECT ANSWER -mechanical -gravitational -thermal -chemical Types of trauma - CORRECT ANSWER -blunt -penetrating -burn -other Blunt trauma - CORRECT ANSWER accounts most injuries sustained frontal impact -aortic & cardiac injury, rib fxs, liver & spleen -dash board posterior hip fx/dislocation, femur, knee injury lateral impact -head/facial, c spine,...