(Solution) 1Homework #2 Fingame Course, Spring 2016 1) Accounting Rules Require U. Companies To Depreciate Research And Development (R&D) Expenditures... | Snapessays.com


(Solution) 1Homework #2 Fingame Course, Spring 2016 1) Accounting rules require U. companies to depreciate research and development (R&D) expenditures...


I need help with this assignment. There are just simple multiple choice questions. 1Homework #2

 

Fingame Course, Spring 2016

 

1) Accounting rules require U.S. companies to depreciate research and development (R&D) expenditures using the straight-line method. True False 2) The accrual principle requires that revenue not be recognized until payment from a sale is received. True False 3) A balance sheet reports the value of a firm's assets, liabilities, and equity: a) over an annual period. b) over any period of time. c) at any point in time. d) at the end of the year. e) Other, specify. 4) A company purchases a new $10 million building, financed half with cash and half with a bank loan. How would this transaction affect the company's balance sheet? a) Net plant and equipment rises $10 million; cash falls $10 million; bank debt rises $5 million.

 

b) Net plant and equipment rises $5 million; cash falls $10 million; bank debt rises $5 million.

 

c) Net plant and equipment rises $5 million; cash falls $5 million; bank debt rises $5 million.

 

d) Net plant and equipment rises $10 million; cash falls $5 million; bank debt rises $5 million.

 

e) Other, specify.

 

5) Which one of the following is a source of cash?

 

a) increase in accounts receivable.

 

b) decrease in notes payable.

 

c) decrease in common stock.

 

d) increase in inventory.

 

e) increase in accounts payable.

 

f) Other, specify.

 

6) Which of the following would NOT be considered a use of cash?

 

a) Dividends paid.

 

b) A decrease in accounts payable.

 

c) Depreciation.

 

d) An increase in the cash and marketable securities

 

account.

 

e) Other, specify.

 


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This question was answered on: May 23, 2022

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