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Author Archives: Anonymous

Which is NOT a common class of receivables?

Which is NOT a common class of receivables?

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A higher TIE ratio generally indicates:

A higher TIE ratio generally indicates:

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Depletion: Cost $1,000,000; est. units 200,000; extracted 25…

Depletion: Cost $1,000,000; est. units 200,000; extracted 25,000. Depletion expense:

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The amortization schedule for an installment note shows:

The amortization schedule for an installment note shows:

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Bank reconciliation: Bank balance $12,800; deposits in trans…

Bank reconciliation: Bank balance $12,800; deposits in transit $1,500; outstanding checks $2,200; bank error adds $300. Adjusted bank balance is:

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Which is true about contingent liabilities?

Which is true about contingent liabilities?

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For DDB, depreciation expense in later years typically:

For DDB, depreciation expense in later years typically:

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The current portion of long-term debt should be:

The current portion of long-term debt should be:

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Which liability presentation is correct on the balance sheet…

Which liability presentation is correct on the balance sheet?

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Gross profit method: Beg inv $30,000; Purchases $100,000; Sa…

Gross profit method: Beg inv $30,000; Purchases $100,000; Sales $200,000; gross profit rate 40%. Estimated ending inventory is:

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