Which of the following is an example of a table?
a.Frequency distribution
b.Frequency polygon
c.Histogram
d.Line chart
ANS:A
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On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. What amount of interest expense is accrued at December 31 on the note? (Use 360 days a year.)
A. $75 B. $900 C. $0 D. $225 E. $300
All of the following statements regarding debt securities are true except:
A. Debt securities classified as available-for-sale record the interest revenue when earned. B. Debt securities are valued at fair value if classified as held-to-maturity. C. Debt securities should be recorded at cost when acquired. D. Debt securities are valued at fair value if classified as available-for-sale securities. E. Debt securities are valued at fair value if classified as trading securities.
What are the three parts of a financial plan?
What will be an ideal response?
Which of the following would not be true regarding internal service funds?
A. In the government-wide financial statements, internal service funds are most commonly reported in the business-type activities column. B. Internal service funds use the economic resources measurement focus and accrual basis of accounting. C. Examples of internal service funds would include self-insurance funds, motor pool funds, and print shop funds. D. None of the above; all are true.