Quer 26 Neye Damaged or cerventory may have a va bewonal cost derte of 25 Page Select cnet Costus ng the Fast Cost using the foot on Costess Cost to Sel Sales Values Cast to see ng 27 anored Desta 25 Pag The Geway Company's phyvento2/31 Was $10000dition transfers este A350 hem purchased from a ver FOB Shipping - A $200 te sold to a customer FOB Shore The 12/31 inventory for the bence the Select one 550.000 6.510.350 0 $10,200 a. $10.550 6510150 Given the following data for a bond issuance -Not yet word Rosu Punta $10,000 Coupon stated Rate a Plosi Market Rae B of Art Ter 4 yea Vorsi GP of Art e peldby 3.494 Sector 390) 9114 IS ... $10 H. Qator 29 wach court busto periodic to Rint of 26 Stectone 2. Cost of Goods Sold bu Purchase Sales Reve 30 Nott Get the following for the white Company Fregn.out 54000 saleve 30 5000 investori In December 31 Freight 19.30 6000 2000 od v Bad Dot pense Purchases Purchase Fetums Interest Reverse YE 20 V 5.000 Good Alable for OV Seiten 354500 4500 25233 03492 15516 Dueto 21 which is con Penders en hund Question 26 Damaged or obsolete inventory may have a value below original cost. It should be written down to Hot yet answered Points out of 2.5 Select one: a. Cost using the FIFO assumption b. Cost using the LIFO assumption Flag question c. Cost less Cost to Sell d. Sales Value less Cost to Sell Question 27 Not yet The Gateway Company's physical inventory at 12/31 was $10,000. In addition, two in-transit items existed: A $350 item purchased from a vendor, FOB Shipping A $200 item sold to a customer; FOB Shipping answered Points out of 25 Flag question The 12/31 Inventory for the balance sheet is: Select one: a. $10,000 O b. $10,350 c. $10,200 d. $10,550 O e. $10,150 Question 28 Given the following data for a bond issuance Not yet answered Points out of 2.5 Flag question Principal $10.000 4-year factors Coupon (stated) Rate 634 89. PV of $1 .735 Market Rate 824 8, PV of Anty 3.31213 4 years 6%, PV of 51 .792 Quest on 28 Given the following data for a bond issuance Not yet answere Points out of 25 Principal $10,000 4-yeadfactors Flag question Coupon (stated) Rate 6% 8%, PV of $1 735 Market Rate 8% 8%, PV of Annuity 3.31213 Term 4 years 6%, PV of $1 .792 Interest paid annually 6%, PV of Annuity 3.456 The sale price of the bond is approximately Select one: a. $9,337 b. $9.886 c. $10,685 d. $9,366 e. $10,662 Quo 29 Which account is used in the periodic method but not the perpetual method? Not yet answered Points out of 25 Select one a. Cost of Goods Sold Flag questo b. Purchases c. Sales Revenue a. Inventory Questan 30 Given the following for the Whittier Company Not yet answered Freight-Out Points out of 2.5 Flag question $4.000 Sales Revenue 80.000 Inventory, January 1 15.000 Inventory, December 31 12,000 Freight in 6,000 Bad Debt Expense 2.000 Purchases 38,000 Purchase Returns and Allowances 1,500 Interest Revenue 5,000 N Goods Available for Sale is: Select one: $54.500 b. $41,500 $57,500 d. $.43 500 le $51.600 Whialue for 2 toriltbike Questo 31 Not yet Question 31 Which is true for a 2-for-1 stock split? Not yet answered Points out of 2.5 Flag question Select one a. Retained Earnings remains unchanged O b. Total Equity increases Total Equity decreases d. Contributed Capital increases Question 32 For effective internal controls, which is not a required function to appropriately separate? Not yet answered Points out of 2.5 P Flag question Select one: a. Custody O b. Compliance O Recording d. Authorization Question 33 The issue of Bonds Payable results in Not yet answered Select one: Points out of 2.5 a. Flag question Assets Liabilities Increased Increased O b Quer 26 Neye Damaged or cerventory may have a va bewonal cost derte of 25 Page Select cnet Costus ng the Fast Cost using the foot on Costess Cost to Sel Sales Values Cast to see ng 27 anored Desta 25 Pag The Geway Company's phyvento2/31 Was $10000dition transfers este A350 hem purchased from a ver FOB Shipping - A $200 te sold to a customer FOB Shore The 12/31 inventory for the bence the Select one 550.000 6.510.350 0 $10,200 a. $10.550 6510150 Given the following data for a bond issuance -Not yet word Rosu Punta $10,000 Coupon stated Rate a Plosi Market Rae B of Art Ter 4 yea Vorsi GP of Art e peldby 3.494 Sector 390) 9114 IS ... $10 H. Qator 29 wach court busto periodic to Rint of 26 Stectone 2. Cost of Goods Sold bu Purchase Sales Reve 30 Nott Get the following for the white Company Fregn.out 54000 saleve 30 5000 investori In December 31 Freight 19.30 6000 2000 od v Bad Dot pense Purchases Purchase Fetums Interest Reverse YE 20 V 5.000 Good Alable for OV Seiten 354500 4500 25233 03492 15516 Dueto 21 which is con Penders en hund Question 26 Damaged or obsolete inventory may have a value below original cost. It should be written down to Hot yet answered Points out of 2.5 Select one: a. Cost using the FIFO assumption b. Cost using the LIFO assumption Flag question c. Cost less Cost to Sell d. Sales Value less Cost to Sell Question 27 Not yet The Gateway Company's physical inventory at 12/31 was $10,000. In addition, two in-transit items existed: A $350 item purchased from a vendor, FOB Shipping A $200 item sold to a customer; FOB Shipping answered Points out of 25 Flag question The 12/31 Inventory for the balance sheet is: Select one: a. $10,000 O b. $10,350 c. $10,200 d. $10,550 O e. $10,150 Question 28 Given the following data for a bond issuance Not yet answered Points out of 2.5 Flag question Principal $10.000 4-year factors Coupon (stated) Rate 634 89. PV of $1 .735 Market Rate 824 8, PV of Anty 3.31213 4 years 6%, PV of 51 .792 Quest on 28 Given the following data for a bond issuance Not yet answere Points out of 25 Principal $10,000 4-yeadfactors Flag question Coupon (stated) Rate 6% 8%, PV of $1 735 Market Rate 8% 8%, PV of Annuity 3.31213 Term 4 years 6%, PV of $1 .792 Interest paid annually 6%, PV of Annuity 3.456 The sale price of the bond is approximately Select one: a. $9,337 b. $9.886 c. $10,685 d. $9,366 e. $10,662 Quo 29 Which account is used in the periodic method but not the perpetual method? Not yet answered Points out of 25 Select one a. Cost of Goods Sold Flag questo b. Purchases c. Sales Revenue a. Inventory Questan 30 Given the following for the Whittier Company Not yet answered Freight-Out Points out of 2.5 Flag question $4.000 Sales Revenue 80.000 Inventory, January 1 15.000 Inventory, December 31 12,000 Freight in 6,000 Bad Debt Expense 2.000 Purchases 38,000 Purchase Returns and Allowances 1,500 Interest Revenue 5,000 N Goods Available for Sale is: Select one: $54.500 b. $41,500 $57,500 d. $.43 500 le $51.600 Whialue for 2 toriltbike Questo 31 Not yet Question 31 Which is true for a 2-for-1 stock split? Not yet answered Points out of 2.5 Flag question Select one a. Retained Earnings remains unchanged O b. Total Equity increases Total Equity decreases d. Contributed Capital increases Question 32 For effective internal controls, which is not a required function to appropriately separate? Not yet answered Points out of 2.5 P Flag question Select one: a. Custody O b. Compliance O Recording d. Authorization Question 33 The issue of Bonds Payable results in Not yet answered Select one: Points out of 2.5 a. Flag question Assets Liabilities Increased Increased O b