A(n) ________ class is a class that has no direct instances but whose descendants may have direct instances
A) Abstract
B) Concrete
C) Object
D) Associative
A
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The account that should be credited for the total income tax withheld from employee's earnings is
a. FICA Tax Payable; b. FICA Tax Expense; c. Employees Income Tax Payable; d. Employees Income Tax Expense; e. Cash.
The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. FIFO. B. LIFO. C. Weighted average. D. Specific identification. E. Lower of cost or market.
On January 1, Year 1, Fox Co, Inc, issues $100,000 par value, 10% bonds maturing in 10 years to yield 12% per year, compounded semiannually on January 1 and July 1 . Use the present value tables. Refer to the Fox Co Inc example. What is the bonds payable account (net of any bond discount or premium) at the end of Year 2 to the nearest amount shown?
a. $104,374 b. $100,000 c. $89,172 d. $85,519 e. $83,519
Which of the following choices correctly denotes managerial functions that are commonly associated with budgeting? PlanningPerformance EvaluationCoordination of ActivitiesA.YesYesNoB.YesYesYesC.YesNoNoD.YesNoYesE.NoYesNo
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E