Questions
6. Consider the following accounts: Utility Expense Accounts Payable Service Revenue Common Stock How many of...

6. Consider the following accounts: Utility Expense Accounts Payable Service Revenue Common Stock How many of these accounts are increased with credits? a. One. b. Two. c. Three. d. Four.

7. Schooner Inc. purchased equipment by signing a note payable. This transaction would be recorded as: a. Debit Equipment, credit Cash. b. Debit Cash, credit Notes Payable. c. Debit Notes Payable, credit Equipment. d. Debit Equipment, credit Notes Payable.

8. Air France collected cash on February 4 from the sale of a ticket to a customer on January 26. The flight took place on April 5. According to the revenue recognition principle, in which month should Air France have recognized this revenue? a. January. b. February. c. April. d. Evenly in each of the three months.

9. Which of the following regarding adjusting entries is correct? a. Adjusting entries are recorded for all external transactions. b. Adjusting entries are recorded to make sure all cash inflows and outflows are recorded in the current period. c. Adjusting entries are needed because we use accrual-basis accounting. d. After adjusting entries, all temporary accounts should have a balance of zero. 3 / 10

10. An adjusted trial balance: a. Is a list of all accounts and their balances after adjusting entries. b. Is a list of all accounts and their balances before adjusting entries. c. Is a list of all accounts and their balances after closing entries. d. Is a trial balance adjusted for cash-basis accounting.

In: Accounting

We know that the phenotype of the plant, from the cellular, to tissue, to whole plant,...

We know that the phenotype of the plant, from the cellular, to tissue, to whole plant, is the result of the interactions of the genotype of the plant and the environment where it is growing. Choose one developmental transition stage and discuss the genetic and environmental factors that contribute to the transition and therefore the phenotype observed. Expected length: 1-1 ½ pages

In: Biology

What is the importance of medication reconciliation, include the following, What did you learn from the...

What is the importance of medication reconciliation, include the following, What did you learn from the research of this, What can you contribute to the information? How will this information enable you as a nurse? Add any personal experiences that you may have observed related to topic & share your insight .

In: Nursing

2. The Canadian government wants to use an open immigration policy which encourages more people to...

2. The Canadian government wants to use an open immigration policy which encourages more people to move to Canada as they believe this can contribute to economic growth in the country.

Do you support this viewpoint of the government? Justify it using the 3 diagrams (production function, job market and AD and AS in the LR).

In: Economics

(12) Ecology is a field that involves connections among individuals, populations, species, and communities. Using succession...

(12) Ecology is a field that involves connections among individuals, populations, species, and communities. Using succession as a framework, explain how (A) physiological performance optima, (B) the intrinsic rate of population increase, and (C) species interactions each can contribute to the progression of species from early to late succession.

In: Other

(a)Explain why some companies, having decided to “go public” choose to list their shares on an...

(a)Explain why some companies, having decided to “go public” choose to list their shares on an overseas market.

(b)Explain how investment banks make money when organizing an initial public offering (IPO) using the firm commitment method. Why might this contribute to IPO underpricing?

In: Finance

Gordon is a 52-year-old self-employed contractor (no employees). During 2019, his Schedule C net income was...

Gordon is a 52-year-old self-employed contractor (no employees). During 2019, his Schedule C net income was $60,000. What is the maximum amount that Gordon can contribute to (1) a SEP IRA and (2) an individual 401(k)? (Round your answers to the nearest whole number.)

In: Accounting

Critical Thinking Question: Since there is some supporting evidence that smoking and Psychological Disorders are related,...


Critical Thinking Question:
Since there is some supporting evidence that smoking and Psychological Disorders are related, do you think that tobacco companies should be required to contribute part of their profits to the cost of mental health treatment and research? Your assignment is to answer this question with your opinion in at least 2 paragraphs.

In: Psychology

In what ways do the media influence perception? What factors do you think contribute most to...

In what ways do the media influence perception?

What factors do you think contribute most to your perception of others?

Can one really affect how others perceive them? If so, how?

If a perception is incorrect, what can perception tell us about ourselves?

In: Psychology

Consider the incremental analysis and capital budgeting methods that are included this week. Choose two of...

Consider the incremental analysis and capital budgeting methods that are included this week. Choose two of those methods and provide examples to the class of how you can or do use them in your career or personal life. Explain how they could or do contribute to the decision making process and the benefits they derive.

In: Accounting