Acct 212 week 7 quiz Study guides, Class notes & Summaries

ACCT 212 Week 8 Quiz (Summer 2021) Question: The following is an example of: Question: The times interest earned ratio is classified as an indicator of a company’s: Question: A par tial balance sheet for Captain D’s Sportswear is shown below……. The current ratio is: (Round your answer to 2 decimal places.) Question: Excerpts from Stealth Company’s December 31, 2021 and 2020, financial statements are presented below: …… Stealth Company’s 2021 receivables turnover ratio is: Quest...

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include:

Question: The advantages of a corporation compared to a sole proprietorship or partnership include: Question: Preferred stock is … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 30,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include:

ACCT 212 Week 5 Quiz (Summer 2021) 1. Question: Which cost flow assumption generally results in the highest … amount of net income in periods of rising inventory costs? 2. Question: Which cost flow assumption must … for financial reporting if it is also used for tax reporting? 3. Question: Under a perpetual inventory system: 4. Question: Dunbar sold 600 units of inventory during the month. Ending inventory assuming LIFO would … : (Do not round your intermediate calculations. Round your ans...

Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usually has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: Question: Environmental Designs issues 5,000 shares of its $1 par value common stock at $18 per share. (1) Record the issuance of ...

ACCT 212 Week 8 Quiz (Version 1) 1. Question: Zebra Company reports the following figures for the year ending December 31, 2019 and 2018……… What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively. 2. Question: Szidon Company reports the following data…. Using benchmarking, what can be said about Szidon Company? 3. Question: Mussa Corporation reports the following data……… In vertical anaylsis, the cost of goods sold percen...

(ACCT 212 Week 6 Quiz) 1. Question: A company incurred the following costs: Purchase price of land $230,000 Survey fees 6,000 Payment for demolition of old building on land 40,000 Bank property taxes on land 5,000 Paving costs for parking lot 50,000 Fence around per...

ACCT 212 WEEK 2 QUIZ 2 · Question 1 4 out of 4 points A note on which there is no rate of interest specified · Question 2 4 out of 4 points The person who promises to pay a certain amount of money at a definite future time is called · Question 3 4 out of 4 points The one who is to receive the specified amount of money from a note is called the · Question 4 4 out of 4 points In calculating interest on a note, it is necessary to take which o...

ACCT 212 WEEK 3 QUIZ 3 · "Limited Life" means · Question 2 4 out of 4 points A disadvantage that is NOT peculiar to the partnership form of organization includes · Question 3 4 out of 4 points Delissa invests office equipment with a fair market value of $70,000, delivery equipment with a fair market value of $89,000, and cash of $54,000. She owes $68,000, represented by a note on the delivery equipment. If Delisa's office equipment cost $...

(TCO 7) Stockholders of a corporation directly elect the (TCO 7) The basic unit of ownership for a corporation is (TCO 7) The difference between the issue price of the stock and the par value of the stock is