Which of the following is not a reason why the book balance of cash may not agree with the balance on the bank statement?
A. Deposit in transit
B. End of the month
C. Service charges and other deductions
D. Outstanding checks
Answer: B
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Which of the following statements is correct when a company has a complex capital structure?
A. Diluted earnings per share and basic earnings per share must both be shown on the income statement. B. The company must have participating preferred stock outstanding. C. The company might have convertible bonds outstanding. D. Diluted earnings per share must be shown on the income statement.
Create a value proposition for cell phone manufacturer LZT
What will be an ideal response?
On May 1 . 2014, Lavender Construction Company entered into a fixed-price contract to construct an apartment building for $3,000,000 . Lavender appropriately accounts for this contract under the percentage-of-completion method. Information relating to the contract is as follows: 2014 2015 At December 31: Percentage of completion ........ 20% 60% Estimated costs at completion ... $2,250,000
$2,400,000 Income recognized (cumulative) .. $ 150,000 $ 360,000 What is the amount of contract costs incurred during the year ended December 31 . 2015? a. $600,000 b. $960,000 c. $990,000 d. $1,440,000
When the LP problem has more than two decision variables, the ______ method is appropriate for searching the optimal solution.
A. graphical B. corner point C. simplex D. iso-profit line