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BUS 475 latest exam answers (100 questions version 3)
BUS 475 Final Exam Version 3
1) These are selected philosophy balances on December 31, 2008.
Land (situation of the corporation's office fabric) $100,000
Land (held for coming time use) 150,000
Corporate Office Building 600,000
Inventory 200,000
Equipment 450,000
Office Furniture 100,000
Accumulated Depreciation 300,000
What is the clear amount of property, plant, and apparatus that will appear on the equalizing agency sheet?
A. $950,000
B. $1,300,000
C. $1,600,000
D. $1,100,000
2) "Generally accepted" in the designate generally accepted accounting principles means that the principles __________.
A. desire been approved for use by the managements of function firms
B. have been approved through the Internal Revenue Service
C. be under the necessity substantial authoritative support
D. are proven theories of accounting
3) The profits statement and balance sheet columns of Pine Company's worksheet reflects the following totals:
Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
Totals $58,000 $48,000 $34,000 $44,000
The gin income (or loss) for the time is __________.
A. not determinable
B. $10,000 privation
C. $10,000 income
D. $48,000 gains
4) These are selected account balances forward December 31, 2008.
Land (location of the corporation's office building) $150,000
Land (held as being future use) 225,000
Corporate Office Building 900,000
Inventory 300,000
Equipment 675,000
Office Furniture 150,000
Accumulated Depreciation 450,000
What is the unadulterated amount of property, plant, and outfit that will appear on the overplus sheet?
A. $1,425,000
B. $1,950,000
C. $2,400,000
D....
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