Finance And Accounting

Question: What is the accounting objective which best relates to the capitalization of prepaid advertising costs?
A
Profit Maximization

B
Accurate Presentation

C
Tax minimization

D
None of the above

Note: Not available
1. Report
Question: Which doctrine lays down that a firm should account for a given set of operations so as to make reported net income as large as possible?
A
Least and latest rule

B
Profit maximization

C
Income smoothing

D
None of the above

Note: Not available
1. Report
Question: For which of the following would the use of the straight-line method of amortization be acceptable?
A
Building

B
Patent

C
Goodwill

D
All of the above

Note: Not available
1. Report
Question: What are the 3 types of Health Care Organizations for accounting purposes?
A
Incorporated, Limited Liability, Sole Proprietor

B
Asset based, Liability based, Expense based

C
Investor-owned, Non-Profit, Governmental

D
Private, Public, LLC

Note: Not available
1. Report
Question: What is the accounting objective which best relates to the weighted average inventory method?
A
Tax Minimization

B
Income Smoothing

C
Profit Maximization

D
None of the above

Note: Not available
1. Report
Question: Which of the following methods is normally considered to be acceptable for financial reporting?
A
MACRS

B
Lower of cost or market price for inventories

C
Direct write off of uncollectible accounts

D
Capitalization of R&D Costs

Note: Not available
1. Report
Question: What change was made to the internal controls of the companies by the SOX?
A
All company processes and related internal controls now need to be documented and then tested by an outside auditing firm

B
Companies no longer have to document their internal controls since the auditors do the job

C
Internal controls can be more lax than before

D
Companies have to provide for internal controls only to satisfy the auditors

Note: Not available
1. Report
Question: What is the acronym for an organization that promotes the international harmonization of accounting standards?
A
SEC

B
IASC

C
FASB

D
None of the above

Note: Not available
1. Report
Question: How are third party adjustments to patient bills reflected in the financial statements?
A
As an addition to revenue

B
As a deduction from revenue

C
As a liability

D
As an asset

Note: Not available
1. Report
Question: What is the database created by the SEC for companies to file electronically?
A
PCAOB

B
EDGAR

C
SEC

D
IRS

Note: Not available
1. Report

First Prev 3 4 5 6 7 Next Last

Question: What is the accounting objective which best relates to the capitalization of prepaid advertising costs?

Question: Which doctrine lays down that a firm should account for a given set of operations so as to make reported net income as large as possible?

Question: For which of the following would the use of the straight-line method of amortization be acceptable?

Question: What are the 3 types of Health Care Organizations for accounting purposes?

Question: What is the accounting objective which best relates to the weighted average inventory method?

Question: Which of the following methods is normally considered to be acceptable for financial reporting?

Question: What change was made to the internal controls of the companies by the SOX?

Question: What is the acronym for an organization that promotes the international harmonization of accounting standards?

Question: How are third party adjustments to patient bills reflected in the financial statements?

Question: What is the database created by the SEC for companies to file electronically?