Which of the following qualitative characteristics Is Important for Information to be useful?: $*$

a$.$ Reliability

b$.$ Consistency

c$.$ Relevance

d$.$ Comparability

e$.$ All of the above

Responsibility reports for cost centers contaln which of the following?: $*$

a$.$ Only fixed costs

b$.$ Only variable costs

c$.$ Only controllable costs

d$.$ Only noncontrollable costs

e$.$ Contribution margin

Which of the following accounts would be classifled as a current asset on the balance sheet?: $*$

a$.$ Property, plant and equipment

b$.$ Vehicles

c$.$ Patents

d$.$ Accounts payable

e$.$ Accounts receivable

John and Kelly Invest $$100,000$ and $$50,000$ In a partnership and agree to divide net Income with an Interest allowance of $5\%$ on the original Investment, salary allowances of $$10,000$ and $$15,000$ and with the remainder divided equally $($all in a given year$).$ If partnership net Income is $$35,000,$ what Is Kelly's share of net Income?: $*$

a$.$ $$15,000$

b$.$ $$17,500$

c$.$ $$18,750$

d$.$ $$20,000$

e$.$ $$35,000$

Prepald Insurance Is classifled as what type of account?: $*$

a$.$ Liability

b$.$ Revenue

c$.$ Asset

d$.$ Expense

e$.$ Contra asset