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Financial Accounting AOL and Final Exam Practice Questions and Answers

Stosch Company's balance sheet reported assets of $77,000, liabilities of $22,000 and common stock of $19,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $46,000 and Stosch paid a $21,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following? - correct answer$31,000. Explanation: If assets on December 31, Year 1 totaled $77,000, total claims (including liabilities, common stock, and retained ...

Stosch Company's balance sheet reported assets of $77,000, liabilities of $22,000 and common stock of $19,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $46,000 and Stosch paid a $21,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following? correct answers$31,000. Explanation: If assets on December 31, Year 1 totaled $77,000, total claims (including liabilities, common stock, and retained e...

In an AOL survey of Internet​ users, this question was posted​ online: "Have you ever been hit by a computer​ virus?" Among the​ 170,063 responses,​ 63% answered​ "yes." What term is used to describe this type of survey in which the people surveyed consist of those who chose to​ respond? What is wrong with this type of sampling​ method? The respondents are a​ self-selected sample. Many people may choose not to respond to the survey. The respondents are a​ self-select...

Fair Labor Standards Act (FLSA) - correct answerminimum standards for wage and overtime. child labor, equal pay, and portal-to-portal activities Title VII of the Civil Rights Act - correct answerequitable treatment in employment. prohibits discrimination in employment on the basis of race, color, religion, gender or national origin. Disparate Treatment - correct answeroccurs when an individual in a protected category is treated differently than other qualified employees not in a protected ...

Fair Labor Standards Act (FLSA) correct answersminimum standards for wage and overtime. child labor, equal pay, and portal-to-portal activities Title VII of the Civil Rights Act correct answersequitable treatment in employment. prohibits discrimination in employment on the basis of race, color, religion, gender or national origin. Disparate Treatment correct answersoccurs when an individual in a protected category is treated differently than other qualified employees not in a protected cat...

Surface level diversity correct answersdifferences such as age, sex, race/ethnicity, and physical disabilities that are observable, typically unchangeable, and easy to measure Deep level diversity correct answersdifferences such as personality and attitudes that are communicated through verbal and nonverbal behaviors and are learned only through extended interaction with others Job design correct answers Motivation correct answersthe reason or reasons one has for acting or behaving in a...

Organizations can obtain software using one of two basic approaches: buy or build. Which of the following is an advantage of building software that reflects the goal of developing information systems that effectively align with business processes. - ANSWER Customized software is more likely to be a good match to an organization's needs. H&R Block's stated purpose is: to be the leading global consumer tax company bringing tax and related solutions to clients year round. Which type of AI s...

AOL Exam Questions With Complete Solutions.

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