(tco g) what is significant participation, and why is it noteworthy(points : 17) 5 (tco i) amos, a single individual with a salary of $50,000, incurred and paid the following expenses during the year. (tco 5) each of the following would be reported as items of other comprehensive income except: (points : 5) foreign currency translation gains unrealized gains on investments accounted for as securities available for sale. Tco a) resources owned by a business are referred to as (points : 3) profits dividends assets equity question 22 (tco b) for 2014, eab corporation reported net income of $78,750 net sales of $1,378,125 and weighted average shares outstanding of 10,500. (tco c) under the partial equity method of accounting for an investment, (points : 5) amortization of the excess of fair value allocations over book value is ignored in regard to the investment account.
(tco c) intangible assets are reported on the balance sheet (points: 5) with an accumulated depreciation account in the property, plant, and equipment section separately from other assets. Question 11 (tco e) interest, dividends, and annuities income are classified as _____ (points : 5) active income passive income portfolio income none of the abovequestion 22. Tutorial previewthe xxxxxxxxxx side xx the t-account xxx debit side xx a xxxxxxxxx xx on xxx right-hand side xx the t-account xxx liabilities xxx xxxxxxxx question x 5 (tco xx an important xxxx of xxxxxx xxx credits xx (points : xx credits increase x liability xxxxxxx xxxxxx decrease xx asset account xxxxxxxx are increased xx a xxxxx.
Week8 final exam - part1 and part2 week8 final exam part 1 and part 2 (tco a) which one of the following statements is correct with regard to dividends (points : 5) dividends are increased by credits dividends are subtracted on the income statement (tco c) accounts receivable arising from sales to customers amounted to $50,000 and. 2 (tco a) the dividends account _____ (points : 5) appears on the income statement along with the expenses of the business must show transactions every accounting period. (tco a) which of the following accounts is recorded as part of stockholders’ equity on the balance sheet (tco b) for 2014, cap corporation reported net income of $96,000 net sales $1,440,000 and weighted average shares outstanding of 9,600.
(tco a) if maxwell company issues 25,000 shares of $1 par value common stock for $100,000, the account (points: 5) cash will be debited for $25,000 common stock will be credited for $100,000 paid-in capital in excess of par value will be credited for $75,000. 1 (tco a) which one of the following is an advantage of corporations relative to partnerships and sole proprietorships (points : 5) the dividends account will be increased with a credit the retained earnings account will be directly increased with a debit the dividends account will be decreased. Over the past 10 years, transmetro corporation limited (asx:tco) has returned an average of 500% per year to shareholders in terms of dividend yield 5 questions to ask before buying a dividend stock. (tco d) dividends declared are reported on which of the following statements (points : 3)income statementstatement of retained earningsbalance sheetstatement of financial positionquestion 55 (tco e) which of the following describes the normal balance and classification of the unearned revenue account(points : 3)credit, liabilitydebit.
(tco c) under the partial equity method of accounting for an investment, (points : 5) amortization of the excess of fair value allocations over book value is ignored in regard to the investment account dividends received are recorded as revenue the investment account remains at initial value amortization of the excess of fair value. How much of the 2007 dividend was distributed to preferred shareholders (points : 5) $12,000 $28,000 $16,000 $24,000 8 (tco c) accounts receivable arising from sales to customers amounted to $40,000 and $35,000 at the beginning and end of the year, respectively. (points : 5)reducing the number of paymentsincreasing the interest ratedecreasing the interest ratedecreasing the liquidity of the paymentsquestion 4 (points : 20)question 6 6 (tco d) a stock has just paid a dividend and will pay a dividend of $300 in a year the dividend will stay constant for the rest of time workquestion 7. (tco a) the dividends account _____(points : 5) appears on the income statement along with the expenses of the business must show transactions every accounting period. When using the equity method to account for an investment, cash dividends received by the investor from the investee should be recorded: as a reduction in the investment account when using the equity method to account for an investment, cash dividends received by the investor from the investee should be recorded.
Question1(tco 2) when a business purchases land on account (points : 3) both assets and stockholders’ equity are increased assets are decreased and stockholder’s equity is increased both assets and liabilities are increased assets are increased and liabilities are decreased question 22(tco 2) a company performed services for a customer for cash. (points : 5) the balance sheet the statement of retained earnings the income statement none of the above question 33 (tcos a and b) below is a partial list of account balances for lbj company cash$12,000prepaid rent1,300accounts receivable7,000accounts payable5,000notes payable9,000common stock22,000dividends2,000revenues45,000expenses35,000. (points : 5) sales under $1,000,000 no accountants on staff insignificant receivables and payables all sales and purchases on account 5 (tco d) two companies report the same cost of goods available for sale, but each employs a different inventory costing method.
Which account should be debited and which account should be credited, along with the dollar amount of the debit and credit a: investors invest $600,000 in exchange for 30,000 shares of common. (tco 3) to close the books of a company, you should (points : 3) debit each revenue account, credit each expense account, and debit the dividends account credit each revenue account, debit each expense account, and debit the dividends account. Question : (tco c) paying cash dividends is an example of a(n) student answer: operating activity investing activity financing activity non-cash financing activity instructor explanation: chapter 1 points received: 3 of 3 comments: question 3.
(points : 5) tax planning for nonprofit organizations macro-economic tax projections representing a client before the irs tax planning for timber and forest investments 11 (tco f) to be deductible for tax purposes, a trade or business expenditure must be _____. (tco d) find the next dividend that the required return is 978 percent, the dividend growth rate is 774 percent, and the stock price is $9350 per share (points : 5) $191. (tco d) find the next dividend on a stock given that the required return is 978 percent, the dividend growth rate is 777 percent, and the stock price is $9489 per share (points : 5) 3. 1 (tco 3) at the end of the period it is necessary to close all temporary accounts (1) explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, supplies expense in the form of a journal entry.