Question

In: Accounting

1. Which of the following describe compensating balances? (Select all that apply.) a) A specified balance...

1. Which of the following describe compensating balances? (Select all that apply.)

a) A specified balance a borrower of a loan is asked to maintain in a low-interest account at the bank

b) A specified balance a borrower of a loan is asked to maintain in a noninterest-bearing account at the bank

c) Funds set aside for a future plant expansion

d) A sinking fund established in connection with debt instruments

2. Which of the following methods are used by managers to manipulate earnings quality?

a)Classifying cash flows associated with selling accounts receivable in the operating section of the statement of cash flows

b) Adopting more liberal credit policies

c) Using a discretionary accrual such as bad debt expense

d) Using a “bill-and-hold” strategy

3.Which of the following statements about the accounting for transfers of receivables under IFRS are true?

a)The focus is simply on whether control of assets has shifted from transferor to transferee.

b) Transfers of receivables sometimes are treated as a sale of receivables.

c) Transfers of receivables sometimes are treated as a secured borrowing.

d) Transfer of substantially all the risk and rewards of ownership is an important consideration.

Expert Solution

Answer 1.

option a and b is correct

because both fulfils the definition of compensating balance where as option c and d includes funds set aside which are not type of compensating balance

Answer 2.

option a, c and d is correct

As all the three option will diminish the earning quality but credit policies is related to sales

Answer 3.

option b, c and d is correct

As all the three aoption deals with transfers, there is no focus on assets as mentioned in point a.

ekkarill92 answered 2 years ago

Which of the following items describe a mole? Select all that apply.

Which of the following items describe a mole? Select all that apply. Avogadro's number of items 6.022 × 1023 items mass × acceleration The amount of a substance containing the same number of formula units as there are atoms in 12 g of carbon.

Which of the following is true regarding the trial balance? Select all that apply. a) The...

Which of the following is true regarding the trial balance? Select all that apply. a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement. b) The trial balance is much less detailed than the balance sheet and income statement. c) The accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items. d) The accounting principle of money measurement says...

Which of the following are TRUE? Select all that apply. A probability of 1 is the...

Which of the following are TRUE? Select all that apply. A probability of 1 is the same as a probability of 100% The difference between interval and ordinal data is that interval data has a natural zero. If you are doing a study and the population is Americans, the easiest type of study to run would be a simple random sample. If your population is 80% female and your sample is 60% male, there is undercoverage bias. In order to...

Which of the following scenarios contain nonbiased samples? Select all that apply. Select all that apply:...

Which of the following scenarios contain nonbiased samples? Select all that apply. Select all that apply: To estimate the mean height of students at her school, Kelly collects data by selecting a random group of students within her classroom. Elizabeth wants to estimate the mean grade point average of students at her school. She collects data by recording the grade point average of every 25th student on the list of students after a randomly selected first student. Andrew wants to...

1. Which of the following statements are true? Select all that apply. Select one or more:...

1. Which of the following statements are true? Select all that apply. Select one or more: a. Earnings per share is calculated by dividing retained earnings by the number of shares of common stock outstanding. b. The creditors of a firm must be satisfied before any earnings can be distributed to the common shareholders. c. When referring to ratio comparisons, time-series analysis compares a firm to that of an industry leader. d. The operating profit margin must take into account...

1) Which of the following is not true? Select all that apply: a) Advances in technology...

1) Which of the following is not true? Select all that apply: a) Advances in technology are only possible in advanced economies. b) Advances in technology have no impact on worker productivity c) Advances in technology increase worker productivity d) Technological change is a combination of invention and innovation. 2) A common measure of productivity used to track growth of GDP per capita is ________________ Select the correct answer below: a) quantity of labor used in production b) dollar value...

Which of the following statements is incorrect? Select all that apply.

Which of the following statements is incorrect? Select all that apply. The eukaryotic ribosome uses both the 5' cap and the 3' tail to correctly position the ribosome on the initation codon GTP is hydrolyzed by aminoacyl-tRNA synthetases to prepare amino acids for attachment to tRNAs The peptidyl-transferase activity of the ribosome is catalyzed by one of the protein domains of the large ribosomal subunit The Shine-Dalgarno consensus sequence is located downstream of the initiation codon and base pairs with the 16S rRNA of...

A subquery can select which of the following in MySQL? (Select all that apply) • A...

A subquery can select which of the following in MySQL? (Select all that apply) • A single row and a single column • Multiple rows with a single column • Mutiple rows and multiple colmns • A single row with multiple columns

Which of the following compounds cannot form a pyranose? Select all that apply. Select all that...

Which of the following compounds cannot form a pyranose? Select all that apply. Select all that apply from the following: D-allose D-altrose D-arabinose D-erythrose D-erythrulose D-fructose D-galactose D-glucose D-glyceraldehyde D-gulose D-idose D‐lyxose D-mannose D‐psicose D-ribose D-ribulose D-sorbose D-tagatose D-talose D-threose D‐xylose D-xylulose None of the above

1. Which of the following are characteristics of the Normal Distribution? (Select all that apply) bell...

1. Which of the following are characteristics of the Normal Distribution? (Select all that apply) bell shaped continuous discrete symmetric 2. X~N(335, 50). Find the z-score corresponding to an observation of 284. -1.02 6.7 1.02 -6.7