admin

1. In Australia most cattle ranching is found inA. South Australia.B. Victoria.C. New South Wales.D. Queensland.2. A major objective of the South Pacific Forum founded in 1971 wasA. reconciling diverse cultural heritages.B. expanding the copra trade.

1. At the beginning of the year Hinz Company had an inventory of $400000. During the year the company purchased goods costing $1600000. If Hinz Company reported ending inventory of $600000 and sales of $2000000 the companys cost of goods sold and gro

1. The individual amounts in the sales journal are posted to the accounts receivable subsidiary ledgeryearly.daily.weekly.monthly.2. In which journal would a cash purchase of merchandise inventory be recorded?Purchase journalGeneral journalCash payme

1) Sams Used Cars uses the specific identification method of costing inventory. During March Sam purchased three cars for $6000 $7500 and $9750 respectively. During March two cars are sold for $9000 each. Sam determines that at March 31 the $9750 car

The quality control manager shuts down an automatic lathe for corrective maintenance whenever a sample of the manufactured items has an average diameter outside the interval (2.01 2.03) where these figures are in centimeters. The lathe is designed to

1. When Dimock Constructions Designer House #10 is completed DimocksA) work in process is increased.B) total assets are increased.C) work in process is decreased.D) total assets are decreased.2. The total of the dollar amounts on the job order cost c

1. The most appropriate basis for dividing partnership net income when the partners do not plan to take an active role in daily operations issalaries to the partners and the remainder on a fixed ratio.interest on capital balances and salaries to the

1. The entry to record the issuance of an interest-bearing note credits Notes Payable for the notescash realizable value.maturity value.market value.face value.2. Which one of the following would not be considered an expense of a partnership in deter

1. The factor that is not relevant in computing depreciation issalvage value.useful life.replacement value.cost.2. Lincoln Company sells 600 units of a product that has a one-year warranty on parts.The average cost of honoring one warranty contract i