Question: Please answer 57, 63, 70, 75, 85! Thank you! B57. What is the interest expense on a $45,700,4.5%3 month Note Payable B63. If an actual

Please answer 57, 63, 70, 75, 85! Thank you!

Please answer 57, 63, 70, 75, 85! Thank you! B57. What isthe interest expense on a $45,700,4.5%3 month Note Payable B63. If anactual physical count of ending inventory for Kwon, Inc. above showed $299,900select the best explanation for such result a. Sales were overstated forthe fiscal year end b. Accounts payable were understated c. Accounts payablewere overstated d. Some inventory was lost or stolen B70. Regarding Deferred

B57. What is the interest expense on a $45,700,4.5%3 month Note Payable B63. If an actual physical count of ending inventory for Kwon, Inc. above showed $299,900 select the best explanation for such result a. Sales were overstated for the fiscal year end b. Accounts payable were understated c. Accounts payable were overstated d. Some inventory was lost or stolen B70. Regarding Deferred Compensation Arrangements a 401(k) investment is generally superior to Individual Retirement Accounts due to a. Stock dividends b. Stock splits c. Roth conversions d. Corporate Investments e. Employer matching B75. Write in a typical account number for a contra-revenue account B85 You are the Chief Financial Officer of a Silicon Valley computer chips manufacturing company. While sitting at home watching the Green Bay Packers vs the 49ers game on TV a news break comes on showing a video clip regarding a ship floundering off the coast of California. The name of the ship "The Milly T" rings a bell with you and you remember that your company has order a shipment of $12,000,000 worth of computer components from a supplier in the Gulf Coast, and those computer components are on this very ship! The news report states that the California National Guard is responding and all personnel on board the ship are being air-lifted to safety but the ship itself will sink within the next couple of hours and all the cargo will be lost at sea. You drive over to your corporate headquarters to review the signed purchase contract for this shipment and discover your corporate controller, who has also seen the news report, has already arrived at the office to do the same thing. You stammer, "If we suffer this loss it might just bankrupt the Company!" The controller looks up from studying the purchase document and with much emotion in their voice says, "The purchase contract shows the shipping terms are FOB Destination." Select the best answer regarding your reaction upon hearing what the controller said: A. You gasp and say "Please tell me we insured the stuff while in transit." B. You mummer, "Ok, understood, now are we accounting for this stuff under FIFO or LIFO?" C. You are relieved, but then quickly become concerned about where you will obtain replacement computer parts. D. You ask the controller of the effects of recording the casualty loss on the books and if the Full Disclosure Principle should apply

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