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nikkola regimbal
Answers (6)
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Which one of the following is not an advantage of using the FIFO cost flow assumption?
A) produces lowest net income in periods of rising prices
B) provides a relevant ending inventory value
C) is not as susceptible to profit manipulation by management
D) does not produce unusual results when inventory liquidation occurs
A) produces lowest net income in periods of rising prices
B) provides a relevant ending inventory value
C) is not as susceptible to profit manipulation by management
D) does not produce unusual results when inventory liquidation occurs
On Jul 11, 2024
A
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Hirshberg Corporation's comparative balance sheet appears below: 
The company's net income for the year was $4,300 and its cash dividends were $1,400. It did not sell or retire any property, plant, and equipment during the year.The company's net cash provided by (used in) investing activities is:v: 02_23_2016_QC_CS-43371
A) $(18,000)
B) $(14,000)
C) $36,200
D) $46,000
The company's net income for the year was $4,300 and its cash dividends were $1,400. It did not sell or retire any property, plant, and equipment during the year.The company's net cash provided by (used in) investing activities is:v: 02_23_2016_QC_CS-43371A) $(18,000)
B) $(14,000)
C) $36,200
D) $46,000
On Jul 09, 2024
B
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Explain the accounting equation and define its terms.
On Jun 11, 2024
The accounting equation is stated as: Assets = Liabilities + Equity.Assets are resources owned or controlled by a business that are expected to provide future benefit.Creditors' claims on assets are called liabilities.Stockholders' claims on assets are called equity.The accounting equation shows that the resources (assets)of the business equal the source of funds to acquire and the claims against those resources.
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Statement I: When the Fed was set up in 1913,it was envisaged as a lender of last resort.
Statement II: The Fed did a basically good job in limiting the financial collapse between 1929 and 1933.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Statement II: The Fed did a basically good job in limiting the financial collapse between 1929 and 1933.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
On Jun 09, 2024
A
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Other things the same, as the maturity of a bond becomes longer, the bond will pay
A) a lower interest rate because it has less risk.
B) a lower interest rate because it has more risk.
C) a higher interest rate because it has more risk.
D) the same interest rate, because there is no relationship between term and risk.
A) a lower interest rate because it has less risk.
B) a lower interest rate because it has more risk.
C) a higher interest rate because it has more risk.
D) the same interest rate, because there is no relationship between term and risk.
On May 12, 2024
C
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The managers of process operations focus on the series of repetitive processes,or steps,resulting in a noncustomized product or service.
On May 10, 2024
True