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The cost of an asset and its fair market value are __________. A. the same on the date of acquisition B. never the same C. the same when the asset is sold D. irrelevant when the asset is used by the business in its operations User: Which one of the following items is not generally used in preparing a statement of cash flows? A. Additional information B. Comparative balance sheets C. Adjusted trial balance D. Current income statement User: what items are included in ...
Weegy: Prepare means: to put in proper condition or readiness. User: is adjusted trial balance used in preparing a statement of cash flows? User: Generally accepted" in the phrase generally accepted accounting principles means that the principles __________. A. have been approved for use by the managements of business firms B. have substantial authoritative support C. are proven theories of accounting D. have been approved by the Internal Revenue Service Weegy: Generally accepted" in the phrase generally accepted accounting principles means that the principles have substantial authoritative support. User: what is a static budget? User: In what situations will a static budget be most effective in evaluating a manager's effectiveness? A. The company has substantial fixed costs. B. The company has no fixed costs. C. The planned activity levels match actual activity levels. D. The company has substantial variable costs. User: Disney’s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company's net income increase? A. $18,000 B. $6,000 C. $12,000 D. $28,000 Weegy: Disney???s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company's net income increase? B. $6,000 User: What is the net amount of property, plant, and equipment that will appear on the balance sheet? A. $1,300,000 B. $950,000 C. $1,600,000 D. $1,100,000 Weegy: A) $1,300,000 is the net amount of property, plant, [ [ and equipment that will appear on the balance sheet ] ] (More)
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Expert Answered
Updated 223 days ago|5/9/2014 11:01:37 AM
3 Answers/Comments
Adjusted trial balance is NOT used in preparing a statement of cash flows.
Added 223 days ago|5/9/2014 10:54:29 AM
[Deleted]
Added 223 days ago|5/9/2014 10:57:57 AM
Deleted by WeeCHEN [5/9/2014 10:58:09 AM], Undeleted by WeeCHEN [5/9/2014 10:58:10 AM], Deleted by WeeCHEN [5/9/2014 10:58:14 AM]
A static budget is a budget that does not change as volume changes. Is the budget that is based on this projected level of output, prior to the start of the period.
Added 223 days ago|5/9/2014 11:01:37 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [5/9/2014 11:09:16 AM]
The cost principle requires that when assets are acquired, they be recorded at __________. A. appraisal value B. list price C. selling price D. exchange price paid User: If a binding price ceiling were imposed in the computer market, __________. A. the demand for computers would increase B. the quality of computers would increase C. a shortage of computers would develop D. the supply of computers would decrease
Weegy: C. a shortage of computers would develop. A binding price ceiling in the computer market will cause a shortage of computers. (More)
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Expert Answered
Updated 190 days ago|6/11/2014 2:11:26 AM
1 Answer/Comment
The cost principle requires that when assets are acquired, they be recorded at exchange price paid. target='_blank' rel='nofollow'>http://business2.fiu.edu/1090497/' target='_blank' rel='nofollow'>www/acg4111_52/PDFfiles/DDD%20pdf/DDDch11.pdf
Added 190 days ago|6/11/2014 2:11:26 AM
Which of the following is not correct? A. A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth. B. Deficits give people the opportunity to consume at the expense of their children, but they do not require them to do so. C. In 2005, the U.S. government had a deficit. D. The U.S. debt per-person is large compared with average lifetime income.
Weegy: Which of the following is not correct? C. A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth. User: what is real GDP? Weegy: Real GDP is gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. Real GDP can be compared to nominal GDP, which is GDP in current dollars, (i.e. the nation's output in actual dollars in a given year). User: real GDP evaluates User: real GDP is not a valid measure of the economy's performance, since prices change from year to year. a) true b) false Weegy: b) false (More)
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Asked 1/15/2013 9:19:33 PM
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