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Ann Boyd
BusinessBusiness
With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) Estimated losses on the overall contract are recognized before the contract is completed. B) Expenses are recognized each period, but revenue is only recognized when the contract is completed. C) Use of this approach is not permitted under generally accepted accounting principles. D) Neither gains nor losses are recognized until the contract is completed.
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Jazlene York
BusinessBusiness
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $10,000 of cash and land with an FMV of $55,000. Her basis in the land is $20,000. Andrew contributes equipment with an FMV of $12,000 and a building with an FMV of $33,000. His basis in the equipment is $8,000, and his basis in the building is $20,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew
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Renee Bryant
BusinessBusiness
Ross company paid current month's rent, $1300. which accounts are affected
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Wade Knight
BusinessBusiness
What are closing costs?
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Gage Barker
BusinessBusiness
Fox Co. sold used equipment for a cash amount equaling its carrying amount for both book and tax purposes. Later that year, Fox replaced the equipment by paying cash and signing a note payable for new equipment. The cash paid for the new equipment exceeded the cash received for the old equipment. How should these equipment transactions be reported in Fox's statement of cash flows? Group of answer choices
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Baldie
BusinessBusiness
Which law provides safety from sexual harassment
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Susan Schultz
BusinessBusiness
Standardization is associated with which of the following management orientations?

A) Ethnocentric orientation

B) polycentric orientation

C) regiocentric orientation

D) geocentric orientation
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Guest
BusinessBusiness
Identify the principle of internal control to each of the following cases. 1. Cash is locked in a safe overnight. 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise. 3. Shipping documents are pre-numbered. 4. The bookkeeper does not have physical custody of assets. 5. Only the treasurer of the company can sign checks.
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Lindsey Joyce
BusinessBusiness
Turner Company issued $300,000 of 6%, 5-year bonds at 98.

Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?

a. $18,000

b. $9,000

c. $18,600

d. $19,200
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Shaun Moreno
BusinessBusiness
Chong Corporation recently prepared a manufacturing cost budget for an output of 50,000 units, as follows: Direct materials $100,000 Direct labor 50,000 Variable overhead 75,000 Fixed overhead 100,000 Actual units produced amounted to 60,000. Actual costs incurred were: direct materials, $110,000; direct labor, $60,000; variable overhead, $100,000; and fixed overhead, $97,000. If Chong evaluated performance by the use of a flexible budget, a performance report would reveal a total variance of:
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Emery Gillespie
BusinessBusiness
Bam's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Bam product manager do in order to improve upon the buying criteria, and thus potentially increase demand? Select: 1 Increase MTBF by 2000 Increase the promotion budget to gain greater awareness Lower the selling price since it is the second most important buying criteria Reposition Bam to make it even smaller and higher performing
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Sariah Giles
BusinessBusiness
Moonland Company's income statement contained the following errors:

Ending inventory, December 31, 2021, understated by $12,000

Depreciation expense for 2021 overstated by $1,800

1. What is the effect of the errors on 2021 net income before taxes?
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Reina Park
BusinessBusiness
Indicate whether each of the following is an example of an automatic stabilizer or discretionary fiscal policy.

1. The government increases the top income tax bracket to 35%.

2. The tax rate paid by an individual falls from 20% to 15% when his pay is reduced during a recession.

3. A person qualifies for unemployment compensation when she loses her job during a recession.

4. The government votes to increase military spending.

5. The government collects more tax revenue during an expansion because the stock market is booming.
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Carla
BusinessBusiness
1/1/2019 sally miller purchased $500 of merchandise on account; the cost of the item is $310
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Ashley Brewer
BusinessBusiness
Are pieces of information that are sent into, or passed to, a method, usually because the method requires the information to perform its task or carry out its purpose.
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