10-K forms refer to which of the following?
a. the corporate reports filed with the SEC.
b. the tax returns filed with the IRS.
c. the press releases to the newswires.
d. the bankruptcy filing document.
a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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Comprehensive income must be reported on the income statement
a. True b. False Indicate whether the statement is true or false
A company performs the aging of accounts receivable calculation and arrives at an estimate for uncollectible accounts of $800 . If Allowance for Uncollectible Accounts has a debit balance of $300 prior to the year-end adjustment, for how much should the adjustment be journalized?
a. $1,100 b. $800 c. $300 d. $5,500
Which of the following statements regarding behavioral research in accounting is not true?
a. Much of this research uses laboratory subjects in carefully controlled experimental situations. b. This approach seeks to understand what accounting information is selected for use and how it is processed. c. This research has found that published financial statements are not often used for managerial decision-making purposes. d. The question of how representative student subjects are to the broad population is a problem that pervades virtually all behavioral research that uses student subjects.
Which one of the following is an example of cash flows from operating activities?
A. Receipts of cash from sales. B. Payments to acquire equity securities of other companies. C. Proceeds from collecting the principal amounts of loans. D. Proceeds from the issuance of bonds and notes payable. E. Repayment of principals on loans.