GradePack

    • Home
    • Blog
Skip to content
bg
bg
bg
bg

GradePack

A shapefile to open and display properly you need at least *…

A shapefile to open and display properly you need at least *.shp, ____ and _____ files.

Read Details

During 2020, Lopez Corporation disposed of Pine Division, a…

During 2020, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $3,000,000, net of taxes, on the sale of Pine’s assets. Pine’s operating losses, net of taxes, were $3,500,000 in 2020. How should these facts be reported in Lopez’s income statement for 2020?  Total Amount to be Included in  Income from Continuing Operations Results of Discontinued Operations a. $3,500,000 loss $3,000,000 gain b. 500,000 loss 0 c. 0 500,000 loss d. 3,000,000 gain 3,500,000 loss  

Read Details

Below map of world consumption is an example of ______ map

Below map of world consumption is an example of ______ map

Read Details

The “K” in CMYK color system indicate ______ color?

The “K” in CMYK color system indicate ______ color?

Read Details

The following information was extracted from the 2020 financ…

The following information was extracted from the 2020 financial statements of Max Company:  Income from continuing operations before income tax $705,000 Selling and administrative expenses 480,000 Income from continuing operations 495,000 Gross profit 1,350,000           The amount reported for other expenses and losses is:

Read Details

Lopez Company received $18,000 on April 1, 2020 for one year…

Lopez Company received $18,000 on April 1, 2020 for one year’s rent in advance and recorded the transaction with a credit to a nominal account. The December 31, 2020 adjusting entry is:

Read Details

Compared to the accrual basis of accounting, the cash basis…

Compared to the accrual basis of accounting, the cash basis of accounting overstates income by the net increase during the accounting period of the:                                   Accounts Receivable Accrued Expenses Payable a. No No b. No Yes c. Yes No d. Yes Yes

Read Details

Name letter A.    

Name letter A.    

Read Details

Jim Yount, M.D., keeps his accounting records on the cash ba…

Jim Yount, M.D., keeps his accounting records on the cash basis. During 2021, Dr. Yount collected $390,000 from his patients. At December 31, 2020, Dr. Yount had accounts receivable of $40,000. At December 31, 2021, Dr. Yount had accounts receivable of $70,000 and unearned revenue of $10,000. On the accrual basis, how much was Dr. Yount’s patient service revenue for 2021?

Read Details

Which of the following should be reported as a prior period…

Which of the following should be reported as a prior period adjustment?  Change in Estimated Lives of Depreciable Assets Mistakes in the Application of Accounting Principles a. Yes Yes b. No Yes c. Yes No d. No No

Read Details

Posts pagination

Newer posts 1 … 53,837 53,838 53,839 53,840 53,841 … 65,631 Older posts

GradePack

  • Privacy Policy
  • Terms of Service
Top