The number of times interest charges are earned is computed as
A) net income plus interest charges, divided by interest charges
B) income before income tax plus interest charges, divided by interest charges
C) net income divided by interest charges
D) income before income tax divided by interest charges
B
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After completing the bank reconciliation, which of the following reconciling items would require an adjusting journal entry on the company's books?
A) outstanding checks B) service charges C) deposits in transit D) cash on hand
When a stock dividend is distributed, the account to be debited would be
a. Capital Stock; b. Stock Dividends Distributable; c. Paid-In Capital in Excess of Par; d. Retained Earnings; e. Common Stock
A standard normal distribution is a normal distribution with
A. a mean of 1 and a standard deviation of 1. B. a mean of 0 and a standard deviation of 0. C. any mean and a standard deviation of 1. D. a mean of 0 and standard deviation of 1.
If Stan's land is condemned in order to build a subway system for the city, he must be given:
A) the fair market value of the property. B) equivalent property. C) the option of keeping the property. D) his asking price for the property, which can be up to 20% more than he paid for it.