1 2 Which is the best description of authorized shares? The total amount of shares that...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1 2 Which is the best description of authorized shares? The total amount of shares that can be publicly traded The total amount of shares held by the directors The total amount of shares a company has received cash for The total amount of shares that can be sold Which is not a type of note found in a set of financial statements? Indirect information Significant accounting policies Significant internal controls Direct information 3 Where would unearned revenue most likely appear in a set of financial statements? 5 In the Balance Sheet as an asset In the Income Statement after Operating Profit In the Balance Sheet as a liability In the Income Statement before Gross Profit 4 Which is not an example of an intangible asset? OOOO A copyright A patent A computer A trademark What will a contingency note contain? A set of criteria required to be able to recognize revenue A disclosure of all future commitments of the company A disclosure of future contracts to be performed A circumstance where a company may have a liability 6 7 8 Where would advertising costs normally be found? On the balance sheet, within contingent liabilities On the income statement, within cost of sales On the income statement, within selling, general and administration On the balance sheet, within intangible assets What is an advantage to using a multi-step income statement? All income items are grouped in one section, and all expenses in another The fixed costs and variable costs are broken out separately Net Income is shown before income taxes Direct expenses and indirect expenses are broken out separately Which of the following is an example of an investing activity? OOOO Prepayment of a contract Purchase of machinery Issuance of shares Repayment of long term debt 9 10 Which statement does NOT describe operating cash flows? Cash Paid for New Factory Equipment Employee Salaries Cash Paid to Suppliers Cash Received from Customers What would you find on the Management's Discussion and Analysis (MD&A) Section of an Annual Report? A review of the company's past performance Key risks facing the organization All of the above List of future actions that the company plans on taking 1 2 Which is the best description of authorized shares? The total amount of shares that can be publicly traded The total amount of shares held by the directors The total amount of shares a company has received cash for The total amount of shares that can be sold Which is not a type of note found in a set of financial statements? Indirect information Significant accounting policies Significant internal controls Direct information 3 Where would unearned revenue most likely appear in a set of financial statements? 5 In the Balance Sheet as an asset In the Income Statement after Operating Profit In the Balance Sheet as a liability In the Income Statement before Gross Profit 4 Which is not an example of an intangible asset? OOOO A copyright A patent A computer A trademark What will a contingency note contain? A set of criteria required to be able to recognize revenue A disclosure of all future commitments of the company A disclosure of future contracts to be performed A circumstance where a company may have a liability 6 7 8 Where would advertising costs normally be found? On the balance sheet, within contingent liabilities On the income statement, within cost of sales On the income statement, within selling, general and administration On the balance sheet, within intangible assets What is an advantage to using a multi-step income statement? All income items are grouped in one section, and all expenses in another The fixed costs and variable costs are broken out separately Net Income is shown before income taxes Direct expenses and indirect expenses are broken out separately Which of the following is an example of an investing activity? OOOO Prepayment of a contract Purchase of machinery Issuance of shares Repayment of long term debt 9 10 Which statement does NOT describe operating cash flows? Cash Paid for New Factory Equipment Employee Salaries Cash Paid to Suppliers Cash Received from Customers What would you find on the Management's Discussion and Analysis (MD&A) Section of an Annual Report? A review of the company's past performance Key risks facing the organization All of the above List of future actions that the company plans on taking
Expert Answer:
Answer rating: 100% (QA)
1 The total number of shares held by the directors Authorized shares are defined as the maximum number of shares that a company is legally allowed to ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
Students also viewed these accounting questions
-
Which of the following is the best description of the new role of leaders in organizations? a. Director b. Supervisor c. Monitor d. Coach e. Decision-maker"
-
Which is the best description of an individual hotels competitive set? a. Hotels with which the individual hotel directly competes b. Hotels that offer the same rate as the individual hotel c. Hotels...
-
What statements are included in a set of financial statements for nongovernmental not-for-profit entities?
-
In Problems 4158, fill in the blank to form a correct inequality statement. If x < 5, then x - 5_ 0.
-
What is the beta of a security?
-
What are FICA taxes? Describe the two portions of FICA and explain what they pay for. Who pays FICA?
-
What types of investments might you make for tax purposes?
-
The following information is available for the pension plan of Radcliffe Company for the year 2014. Actual and expected return on plan assets ...... $ 15,000 Benefits paid to retirees ................
-
Gig Harbor Boating is the wholesale distributor of a smallrecreational catamaran sailboat. Management has prepared thefollowing summary data to use in its annual budgeting process:Budgeted unit 2...
-
Samir Sarkov incorporated Carla Vista Security Services and began operations on January 1, 2024. After a busy year, Samir thinks his business has done well, at least in terms of the volume of work...
-
Water flows steadily through a pipe of length L and radius R = 75 mm. Calculate the uniform inlet velocity, U, if the velocity distribution across the outlet is given by u=umax [1- r 2 /R 2 ], umax=3...
-
Light from two sources, A = 623 nm and A = 488 nm, is incident on a diffraction grating that has 5550 lines/cm. What is the angular separation, 0-0, of the second order maxima of the two waves?
-
The following information is provided for the first month of operations for Legal Services Inc.: Prepare a T-accounts to reflect the following business transaction: Legal Services, Inc. paid their...
-
Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 100 bikes in inventory. The company has a policy that the ending inventory in any month must be 10% of the following...
-
4. Trainride Ltd manufactures and sells a single product that has the following cost and selling price. Pula Revenue P500,000 Direct Materials P200,000 Direct Labor P150,000 Fixed Costs P135,000...
-
A salesperson claims a 1080 kg car has an average acceleration of 3 m/s2 from a standing start to 100 km/h. What average net force is required to do this?
-
Discuss what it means to view our individual differences through a non-pathologizing lens. In recent times, people have begun to adopt a non-clinical view of psychological conditionsas differences,...
-
A consumer magazine is evaluating five brands of trash compactors for their effectiveness in reducing the volume of typical household products that are discarded. In the experiment, each block...
-
Are companies reporting under U. S. GAAP required to prepare a statement of stockholders equity? Explain.
-
How do firms account for changes in accounting estimates and changes in accounting principles? Explain.
-
A& N, Inc. is a manufacturer and retailer of specialized office equipment. It currently operates in two countries, both of which follow IFRS for their financial reporting. For the sake of simplicity,...
-
Develop a finite difference scheme for the PDE in problem
-
Write the formulas for the Gauss-Seidel algorithm (similar to (8.57)) for the central difference scheme applied to the three-dimensional Poisson equation (8.14).
-
Can the incompressible flow equations be written in the vector form (9.7)? What are the expressions for the vector fields \(\boldsymbol{U}, \boldsymbol{A}, \boldsymbol{B}\), and \(\boldsymbol{C}\) in...
Study smarter with the SolutionInn App