Entries by Hannah Wangui

Which of the following describes the effect of recording depreciation expense at year-end?

December 1, 2020 in /by

Which of the following describes the effect of recording depreciation expense at year-end? A Net income decreases and total assets aren’t affected. B Total assets decrease and stockholders’ equity is not affected. C Net income decreases and total assets decrease. D Stockholders’ equity is not affected and net income decreases.   Looking for a Similar […]

 

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If a company plans to rely on research and development and product promotion to convince customers of the superiority or distinctiveness of their products, which component in the ROA profit driver analysis is the company attempting to boost?

December 1, 2020 in /by

If a company plans to rely on research and development and product promotion to convince customers of the superiority or distinctiveness of their products, which component in the ROA profit driver analysis is the company attempting to boost? A. Net profit margin B. Financial Leverage C. Asset Turnover D. All of the above   Looking […]

 

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Which of the following is false

December 1, 2020 in /by

Which of the following is false ? A Relevance is the characteristic of accounting information that says the information would make a difference in a user’s decision. B Accounts receivable would normally be classified as a current asset. C Accumulated depreciation would normally appear on the income statement. D The matching principle holds that all expenses […]

 

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bond

December 1, 2020 in /by

If a bond is issued at 102, the stated rate of interest was a. higher than the market rate of interest. b. lower than the market rate of interest. c. equal to the market rate of interest. d. cannot be determined whether higher or lower than market rate.   Looking for a Similar Assignment? Order now […]

 

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