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3) Balance sheet accounts are considered to be __________. A. nominal accounts B. capital accounts C. temporary stockholders’ accounts D. permanent accounts
Weegy: Balance sheet accounts are considered D. Nomial accounts. User: 4) In what situations will a static budget be most effective in evaluating a manager's effectiveness? A. The company has no fixed costs. B. The planned activity levels match actual activity levels. C. The company has substantial fixed costs. D. The company has substantial variable costs. Weegy: The planned activity levels match actual activity levels.- is the situation that a static budget will be most effective in evaluating a manager's [ effectiveness. ] User: ) Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Sam determines that at March 31, the $9,750 car is still on hand. What is Sam’s gross profit for March? A. $8,250 B. $750 C. $5,250 D. $4,500 Weegy: Answer: B. $4,500 is Sam s gross profit for March. User: The conceptual framework developed by the Financial Accounting Standards Board __________. A. is legally binding on all accountants B. is viewed as providing a constitution for setting accounting standards for financial reporting C. was approved by a vote of all accountants D. are rules that all accountants must follow Weegy: The conceptual framework developed by the Financial Accounting Standards Board -> A. is viewed as providing a constitution for setting accounting standards for financial reporting. User: The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals $58,000 $48,000 $34,000 $44,000 The net income (or loss) for the period is __________. A. not determinable B. $10,000 loss C. $48,000 income D. $10,000 income (More)
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Updated 10/3/2013 4:58:46 AM
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Balance sheet accounts are considered to be PERMANENT ACCOUNTS.
Added 10/3/2013 4:58:46 AM
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