Finance And Accounting

Question: What are low interest loans offered by schools to the neediest students called?
A
Beneficiary Loans

B
Fair Market Loans

C
Trustee Loans

D
Perkins Loans

Note: Answer not sure
1. Report
Question: What purpose does a title serve?
A
It is required by the mortgagee

B
It is the legal document showing the ownership of the property

C
It lists out the interest rate of the mortgage

D
None of these

Note: Answer not sure
1. Report
Question: What is meant by a secured loan?
A
A loan which uses some form of collateral as a guarantee of payment

B
A loan under $10,000

C
A loan for people with bad credit

D
A short term loan for less than a year

Note: Answer not sure
1. Report
Question: Which of the following is a method of timing business transactions or choosing accounting principles so that the firm reports smaller variations in income from year to year than it would otherwise?
A
Conservatism

B
Income Smoothing

C
Profit Maximization

D
Least and Latest Rule

Note: Not available
1. Report
Question: What entry would a donor make when giving a cash donation to a charity, where the donor retains the right to revoke the contribution?
A
Dr: Cash, Cr: Refundable Advance to Charity

B
Dr: Refundable Advance to Charity, Cr: Cash

C
Dr: Expense, Cr: Cash

D
Dr: Revenue, Cr: Expense

Note: Not available
1. Report
Question: Companies of what size have been impacted the most by the SOX from a cost perspective?
A
Mid-sized companies feel the impact the most

B
There is no correlation between company size and the cost of implementing the provisions of the Act

C
The larger companies as the larger the company, the more it has to pay to implement the provisions of the Act

D
The smaller companies as the cost of implementing the provisions of the Act does not decrease proportionally with the size of the company

Note: Not available
1. Report
Question: What is the acronym for the agency authorized by the U.S. Congress to regulate, among other things, the financial reporting practices of most public corporations?
A
SEC

B
IASC

C
FASB

D
GAAP

Note: Not available
1. Report
Question: What is the accounting objective which best relates to the MACRS method?
A
Income Smoothing

B
Profit Maximization

C
Tax Minimization

D
None of the above

Note: Not available
1. Report
Question: What is the phrase with no agreement on meaning which implies to most analysts that earnings quality increase with the likelihood of recurrence?
A
Quality of financial position

B
Quality of earnings

C
Conservatism objective

D
None of the above

Note: Not available
1. Report
Question: What entry would a donor make when giving a cash donation to a charity?
A
Dr: Revenue, Cr: Cash

B
Dr: Expense – Cash, Cr: Cash

C
Dr: Liability, Cr: Cash

D
Dr: Expense – Contributions, Cr: Cash

Note: Not available
1. Report

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Question: What are low interest loans offered by schools to the neediest students called?

Question: What purpose does a title serve?

Question: What is meant by a secured loan?

Question: Which of the following is a method of timing business transactions or choosing accounting principles so that the firm reports smaller variations in income from year to year than it would otherwise?

Question: What entry would a donor make when giving a cash donation to a charity, where the donor retains the right to revoke the contribution?

Question: Companies of what size have been impacted the most by the SOX from a cost perspective?

Question: What is the acronym for the agency authorized by the U.S. Congress to regulate, among other things, the financial reporting practices of most public corporations?

Question: What is the accounting objective which best relates to the MACRS method?

Question: What is the phrase with no agreement on meaning which implies to most analysts that earnings quality increase with the likelihood of recurrence?

Question: What entry would a donor make when giving a cash donation to a charity?