Accouting abet?
I am at my wedding contained by florida and i have accounting homework, its a whip home quiz of 10 questions. If anyone can assist me with any of these i would greatly appreciate it, its due tonight and i am honestly pooped from the matrimony so please help. It is a multiple choice quiz1. Chapter 1—Introduction to Accounting and Business Question MC #70
(Points: 2)
Al Shea is a stockholder and hand of SawTooth Company. As of the end of its accounting length, December 31, 2007, SawTooth Company has assets of $925,000 and liability of $285,000. During 2008, Al Shea invested an additional $50,000 surrounded by exchange for capital stock and be paid dividends contained by the amount of $30,000 from the business. What is the amount of net income during 2008, assuming that as of December 31, 2008, assets be $980,000, and liabilities be $255,000?
1. $725,000
2. $ 95,000
3. $ 65,000
4. $165,000
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2. Chapter 1—Introduction to Accounting and Business Question MC #32
(Points: 2)
The objectivity principle requires that
1. amounts recorded within the financial statements must be based on independently verifiable evidence
2. accounting principles must come across the objectives of the Security and Exchange Commission
3. the Financial Accounting Standards Board must be fair and not taking sides in its deliberations over unmarked accounting standards
4. business transactions must be consistent with the objectives of the entity
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3. Chapter 1—Introduction to Accounting and Business Question MC #20
(Points: 2)
Which of the following is the best description of accounting’s role surrounded by business?
1. Accounting provides stockholders with information about the market significance of the company’s stocks.
2. Accounting provides creditors and banks near information regarding the credit risk rating of the company.
3. Accounting provides information to manager to operate the business and to other stakeholders to make decision regarding the financial condition of the company.
4. Accounting is not responsible for providing any form of information to stakeholders. That is the role of the Information Systems Department.
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4. Chapter 1—Introduction to Accounting and Business Question MC #67
(Points: 2)
Land, originally purchased for $20,000, is sold for $75,000 in brass. What is the effect of the sale on the accounting equation?
1. assets increase $55,000; stockholders' equity increases $55,000
2. assets increase $75,000; liability decrease $20,000; stockholders' equity increases $55,000
3. assets increase $20,000; no modification for liabilities; stockholders' equity increases $75,000
4. assets increase $75,000; stockholders' equity increases $75,000
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5. Chapter 1—Introduction to Accounting and Business Question MC #57
(Points: 2)
If total assets decrease by $47,000 during a period of time and stockholders' equity increased by $24,000 during duplicate period, next the amount and direction (increase or decrease) of the period's change surrounded by total liabilities is
1. $71,000 increase
2. $71,000 fade away
3. $23,000 increase
4. $47,000 decrease
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6. Chapter 2—Analyzing Transactions Question MC #90
(Points: 2)
June 26 Equipment
14,000
Cash
4,000
Note Payable
10,000
??
Which is the best explanation for this memoir entry?
1. Purchased equipment on credit.
2. Purchased equipment, paid brass of $4,000, with the remainder to be compensated in payments
3. Purchased equipment, compensated cash of $4,000, next to the remainder to be received in the adjectives.
4. Purchased equipment, paid brass for the entire amount
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7. Chapter 2—Analyzing Transactions Question MC #59
(Points: 2)
XYZ Hospital purchased X-ray equipment for $3,000, paid $750 down, near the remainder to be paid after that. The correct entry would be
1. Cash 750
Accounts Payable 2,250
Equipment 3,000
2. Equipment 3,000
Accounts Payable 2,250
Cash 750
3. Equipment 750
Cash 750
4. Equipment Expense 3,000
Accounts Payable 750
Cash 2,250
5. Cash 750
Equipment 750
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8. Chapter 2—Analyzing Transactions Question MC #12
(Points: 2)
Which of the following types of accounts have a common credit balance?
1. assets and liability
2. liabilities and expenses
3. revenues and liability
4. capital stock and dividends
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9. Chapter 2—Analyzing Transactions Question MC #36
(Points: 2)
Cash be paid by J's Appliance Repair to creditors on rationalization. Which of the following entries for J's records this transaction?
1. Cash, debit; Capital Stock, credit
2. Accounts Payable, debit; Cash, credit
3. Accounts Payable, debit; Account Receivable, credit
4. Accounts Receivable, debit; Cash, credit
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10. Chapter 2—Analyzing Transactions Question MC #28
(Points: 2)
A debit match in which of the following accounts would indicate a predictable error?
1. Notes Payable
2. Dividends
3. Supplies
4. Salaries Expense
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Answers: Qn 1
3. $ 65,000
Qn 2
1. amounts recorded within the financial statements must be based on independently verifiable evidence
Qn 3
3. Accounting provides information to manager to operate the business and to other stakeholders to make decision regarding the financial condition of the company.
Qn 4
1. assets increase $55,000; stockholders' equity increases $55,000
Qn 5
3. $23,000 increase
Qn 6
2. Purchased equipment, paid brass of $4,000, with the remainder to be compensated in payments
Qn 7
2. Dr Equipment 3,000
Cr Accounts Payable 2,250
Cr Cash 750
Qn 8
3. revenues and liability
Qn 9
2. Accounts Payable, debit; Cash, credit
Qn 10
1. Notes Payable
Congratulations on your wedding:-)
How much is 600dollars surrounded by ghana currency is?
how much is 600dollars in ghana currency is?Answers: 600 US Dollar = 6,059,400 Ghanaian Cedi
This is according to the below website which have a Ghana Currency Converter. Put 600 in the first box. Leave the second box blank and put today's date.
600 dollars is nearly 600 ghana cedis...
What is the organization that supervise civil engineers' work and makes regulations and codes of construction?
Answers: Each state is responsible for the engineers licensed in their state.
Typically states adopt design standards and codes from the following:
ICC - International Code Council (IBC, IRC...)
NCEES - National Council of Examiners for Engineering and Surveying
ASCE - American Society of Civil Engineers
American Forest & Paper Association/American Wood Council
AISC - American Institute of Steel Construction
ACI - American Concrete Institute
OSHA - Occupational Safety and Health Administration
Department of Transportation—Federal Highway Administration
PCI - Precast/Prestressed Concrete Institute
AASHTO - American Association of State Highway & Transportation Officials
AI - Asphalt Institute
Transportation Research Board—National Research Council
PCA - Portland Cement Association
ITE - Institute of Transportation Engineers
Of course there are more, but this gives you an idea...