Which of the following would NOT appear on a bank statement for a checking account?
a. Outstanding checks
b. Interest earned
c. Service charges
d. Deposits
Answer is a. Outstanding checks
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Long-term assets are $5,000, current liabilities are $700, and long-term liabilities are $3,000 . If the current ratio is 3 to 1, then current assets are
a. $9,000 b. $6,900 c. $4,300 d. $2,100
Giving, receiving, offering or soliciting something of value because of an official act that has been taken is
a. bribery b. a conflict of interest c. an illegal gratuity d. economic extortion
In a process costing system, percentage-of-completion factors normally are obtained from
a. accounting records. b. job order cost cards. c. supervisors in the production departments. d. time cards.
________ occurs when two or more goods are necessary to create a product
A) Inelastic demand B) Fluctuating demand C) Joint demand D) Elastic demand E) Economic demand