1) Bonding involves all of the following except

A) The company obtains insurance protection against misappropriation of assets by a dishonest employee.

B) The insurance company screens employees before they are added to the policy.

C) The company informs employees that the insurance company will vigorously prosecute all offenders.

D) Employees do not commit inappropriate acts because of the threat of prosecution and their loyalty to the employer.

A machine was purchased for 180,000 and it was estimated to have an 12,000 salvage value at the end of its useful life. Monthly depreciation expense of 1,750 was recorded using the straight line method. What is the annual depreciation rate?

A machine was purchased for 54,000 and it was estimated to have a 9,000 salvage value at the end of its useful life. Monthly depreciation expense of $600 was recorded using the straight line method. The annual depreciation rate is?

On January 1, a machine with a useful life of four years and a salvage value of 16,000 was purchaseed for 80,000. What is the depreciation expense for year 2 under straight line depreciation?

If the market value of the assets received and the market value of the stock issued are both available, then what amound should be used to value the assets?

A) market value of stock

B) Market value of stocks

C) par value of stock

d) the more clearly determinable market value

Vanguard company purchased treasurys stock with cost of 55,000 during 2017. During the year , the company paid dividends of 20,000 and issued bonds payable for proceeds of 876,000. cash flows from financing activities for 2017 total ?

Which of the following would be subtracted from net income using the indirect method?

depreciation expense

increase in account receivable

increase in accounts payable

decrease in prepaid expense

In calculating cash flows from operating activies using the indirect method, a lose on the sale of equipment will appear on

A) subtraction from net income

B) addition to net income

C) addition to cash flow from investing activities

d) subtraction from cash flow from investing activities

49) which of the following adjustments to convert net income to netcash provided by operating activites is not added to the net income?

gain on disposal of equipment

depreciation expense

patent amortiation expense

depletion expense

when equipment is sold for cash, the amount received is reflected as cash

inflow in operating section

inflow in financing section

inflow in investing section

outflow in operating section