QUESTION 10 Which current liability is generally listed first? Current portions of long-term debt Accounts Payable Notes payable Accrued payables QUESTION 11 Under SOX, the external auditors must now report to O the Public Company Accounting Oversight Board an audit committee the Securities and Exchange Commission the management of the company being audited QUESTION 12 In response to a large number of high profile cases involving accounting fraud the US Congress in 2002 passed the Securities and Exchange Commission Fraud Act Federal Reserve Act Sarbanes-Oxley Act Internal Revenue Fraud Act Che Sons and submit to save and with Sutil now to an Save Alana p?course assessment_id=_71169 1&course id Question Completion Status: QUESTION 16 rate of interest The rate of interest that is printed on the bond is called the variable stated market O maturity QUESTION 17 Under SOX, the Chief Executive Officer and Chief Financial Officer must sign off on all annual and quarterly reports by the company N the external auditor's opinion all annual reports by the company all quarterly reports by the company QUESTION 18 Vote Maintaining their proportionate share in the ownership of a corporation when new stock is available to be purchased is an example of which stockholder right? Dividends Liquidation Preemption Save Allanwes Click Save and Submit to see and meetit. Cho Sarel Atosape aller Customer complaint pdf e W i Type here to search QUESTION 24 What is the purpose of a bond discount? It decreases the periodic cash interest payments paid to those who purchased the bond It decreases the bond interest rate to the market interest rate at the time the bond was issued It raises the bond interest rate to the market interest rate at the time the bond was issued It increases the periodic cash interest payments paid to those who purchased the bond QUESTION 26 When a company issues stock dividends liabilities are increased retained earnings are decreased common stock is decreased dividends are decreased Click Save and Submit to save and submit Chat State all over Save A QUESTION 22 On the date of record for a cash dividend what journal entry is required? Debit Dividends and credit Retained Earnings Debit Retained Earnings and credit Dividends Payable Debt Dividends Payable and credit Cash No entry is required QUESTION 23 Dionysus Diamonds, Inc had sales on account of $16.500 which were subject to state sales tax of 8% The entry to record the sales would be to deblt Accounts Receivable 516 500 credit Sales Revenue 516,500 debt Accounts Receivable $17.820, credit Sales Revenue 516 500 credit Sales Tax Payable $1 320 debit Accounts Receivable $16.500. debit Sales Tax Payable 51 320 credt Sales Revenue 517 820 debit Accounts Receivable 517 B20 credit Swes Revenue 517 820 QUESTION 24 What is the purpose of a bond discount? It debreases the periodic cash interest payments paid to those who purchased the bond It decreases the bond Interstate to the market interest rate at the time the bond was issued It raises the bond interest rate to the market interest rate time the band was issued It increases the periodic cash interest payments paid to those who purchased the band Save Alan Cool Save and Subtraction Customer complaint https Cuu UDPP dell Question Completion Status Accounting for stock at a stated value is almost identical to recording Issued stock O par stock no par stock outstanding stock QUESTION 20 Under US GAAP and IFRS, research and development costs are 1. Research costs are expensed as incurred Il Development costs are expensed as incurred III. Research costs are capitalized and amortized over time IV. Development costs are capitalized and amortized over time GAAP I and IV. IFRS III and IV GAAP I and IE IFRS II and Ill GAAP and IFRS it and I GAAP I and II IFRS I and IV QUESTION 21 Which of these represent internally generated stockholders equity? Preferred stock Retained carings Paid-in-capital Common stock Save Al Answers Click Save and submittit CSECAH customer compatto B BU e O RE Type here to search