If your employer declares bankruptcy, this can have a major effect on your pension if you are in a Either plan B) Defined Benefit Plan C) Neither Plan D) Defined Contribution Plan Where do we put gains losses on the sale of Treasury Stock (cost method) there is no gain or loss on purchase of Treasury Stock Additional Paid in Capital Retained Earnings Income Statement adjustments to total Equity If you put $200 into a savings account that pays annual compound interest of 8 per year and then withdraw the money two years later, you will earn interest of $32 False B) True In the Allowance Method when we we collect on a previously written off receivable Assets stay the same, Net Income stays the same Assets decrease, Net Income decreases Assets increase, Net Income increases It depends When intangible assets, like franchises or patents, die, it is called Amortization B) Depletion C) Depreciation D) Impairment The market will generally react to dividends on which day Declaration Date B) Payment Date C) Record Date Which of the following expenses would you find in a factory Electric expense B) Both C) Labor expense D) Neither 41 The abbreviation of the rules an accountant has to follow when doing financial statement analysis is None of these B) FASB C) GAAP D) IFRS

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Posted on Sep 06, 2024

If your employer declares bankruptcy, this can have a major effect on your pension if you are in a
1. Either plan B) Defined Benefit Plan

C) Neither Plan D) Defined Contribution Plan

Where do we put gains/losses on the sale of Treasury Stock (cost method)?
1. there is no gain or loss on purchase of Treasury Stock
2. Additional Paid in Capital / Retained Earnings
3. Income Statement
4. adjustments to total Equity
If you put $200 into a savings account that pays annual compound interest of 8% per year and then withdraw the money two years later, you will earn interest of $32.
1. False B) True
In the Allowance Method when we we collect on a previously written off receivable
1. Assets stay the same, Net Income stays the same.
2. Assets decrease, Net Income decreases
3. Assets increase, Net Income increases.
4. It depends
When intangible assets, like franchises or patents, die, it is called
1. Amortization B) Depletion C) Depreciation D) Impairment
The market will generally react to dividends on which day?
1. Declaration Date B) Payment Date C) Record Date
Which of the following expenses would you find in a factory
1. Electric expense B) Both C) Labor expense D) Neither 41.The abbreviation of the rules an accountant has to follow when doing financial statement analysis is:
  1. None of these B) FASB C) GAAP D) IFRS