Question: I just need the letter grade for the answer 1. In order to be relevant, accounting information must a. be neutral. b. be verifiable. c.
1. In order to be relevant, accounting information must a. be neutral. b. be verifiable. c. help predict future events. d. be a faithful representation. 2. Riodan Company sold old equipment for $25,000. The equipment had a cost of $50,000 and accumulated depreciation of $30,000. The entry to record the sale of the equipment would include a a. loss on disposal of $25,000. b. gain on disposal of $25,000. c. loss on disposal of $5,000. d. gain on disposal of $5,000. 3. The cost of intangible assets should be a. amortized over the assets' estimated useful life, or legal life, whichever is shorter. b. amortized over a period not exceeding 5 years. C. amortized over the assets' estimated useful life. d. charged to an expense account at acquisition. 4. In a period of rising prices, the inventory method that results in the lowest income tax payment is a. LIFO. b. FIFO. c. average cost. d. specific identification. 5.On November 30, Thatcher Company issued a $8,000, 6%, 4-month note to the National Bank. The entry on Thatcher's books to record the payment of the note at maturity will include a credit to Cash for a. $8,000. b. $8,480. C. $8,160. d. $8,320
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