What is an advance dep - Study guides, Class notes & Summaries

Chapter 3—Consolidated Statements: Subsequent to Acquisition MULTIPLE CHOICE Scenario 3-1 Pedro purchased 100% of the common stock of the Sanburn Company on January 1, 20X1, for $500,000. On that date, the stockholders' equity of Sanburn Company was $380,000. On the purchase date, inventory of Sanburn Company, which was sold during 20X1, was understated by $20,000. Any remaining excess of cost over book value is attributable to patent with a 20-year life. The reported income and divi...

Accounting Final Wiley Plus Questions and Answers | Latest Update | Graded A+ A company issues common stock for $30400 and uses $22800 of the cash to purchase a truck. What is the cumulative effect of these two transactions? equity will be reduced by $30400 A company purchased factory equipment on April 1, 2017, for $98900. It is estimated that the equipment will have a $12500 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the am...

If the premiums for a policy will be increased by more than 15 percent, how much warning must the insured get? - answers 45 days. A notice of increase in premiums that exceeds 15% of the current policy's premium must be delivered or mailed to the insured at least 45 days before the effective date of such termination or change. What is the max period of time a temp license can be in force? - answers 15 months. A temp license is good for 6 months and can be renewed at 3 month intervals for ...

CEBS GBA Exam 1 Questions And Answers 2024 Broad view of Employee Benefits (Mod 1.1) - correct answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - correct answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in prov...

Insurance Final Exam 2023 Test Bank Questions and Correct Answers. If the premiums for a policy will be increased by more than 15 percent, how much warning must the insured get? 45 days. A notice of increase in premiums that exceeds 15% of the current policy's premium must be delivered or mailed to the insured at least 45 days before the effective date of such termination or change. What is the max period of time a temp license can be in force? 15 months. A temp license is good for 6 mo...

Front Desk Representative Quizzes & Ans 2024!!

Insurance Final Exam 2023 Test Bank Questions and Correct Answers. If the premiums for a policy will be increased by more than 15 percent, how much warning must the insured get? 45 days. A notice of increase in premiums that exceeds 15% of the current policy's premium must be delivered or mailed to the insured at least 45 days before the effective date of such termination or change. What is the max period of time a temp license can be in force? 15 months. A temp license is good for 6 mo...

What if not followed IAS or IFRS? Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? Principles harder to circumvent Why have a FRAMEWORK? Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors What does RELEVANCE offer? PREDICTIVE VALUE CONFIRMATORY VALUE 4 X Qualities of FAITHFU...

Jamf 100 Exam With 100% Correct Answers 2023 What is the function of the iOS Control Center and how is it accessed? - Correct answer-depending on model swiping top left or swiping up from bottom Where is hardware, storage, and naming information located on an iOS device? - Correct answer-Settings / General / about Where is a notification for available operating system updates located on an iOS device? - Correct answer-settings / general / software update Where are network connections con...

What is the function of the iOS Control Center and how is it accessed? - ANSWER-depending on model swiping top left or swiping up from bottom Where is hardware, storage, and naming information located on an iOS device? - ANSWER-Settings / General / about Where is a notification for available operating system updates located on an iOS device? - ANSWER-settings / general / software update Where are network connections configured on a mobile device? - ANSWER-Settings / Wi Fi Where can A...