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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
1 Answer/Comment
Balance sheet accounts are considered to be PERMANENT ACCOUNTS.
Added 10/3/2013 4:58:46 AM
) 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: ) Which list below best describes the major services performed by public accountants? A. Cost accounting, production scheduling, recruiting B. Auditing, taxation, management consulting C. Bookkeeping, mergers, budgets D. Employee training, auditing, bookkeeping Weegy: D. Auditing, taxation, management consulting User: Which one of the following is a product cost? A. Advertising costs B. Sales person’s salaries C. Indirect labor D. Office salaries Weegy: Indirect labor is a product cost. User: Which one of the following items is not generally used in preparing a statement of cash flows? A. Adjusted trial balance B. Comparative balance sheets C. Current income statement D. Additional information User: ) Balance sheet accounts are considered to be __________. A. temporary stockholders’ accounts B. permanent accounts C. capital accounts D. nominal accounts Weegy: Balance sheet accounts are considered D. Nomial accounts. User: 5) What you give up to obtain an item is called your __________. A. opportunity cost B. explicit cost C. true cost D. direct cost Weegy: What you give up to obtain an item is called your: A. Opportunity Cost. (More)
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Asked 10/6/2013 3:00:03 PM
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A tax on an imported good is called a __________. A. quota B. tariff C. supply tax D. trade tax
Weegy: A tax on an imported good is called a TARIFF. (More)
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Asked 10/6/2013 3:13:06 PM
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) Networks enable which of the following applications? A. Communications B. All of the these C. Web services D. Collaboration E. Discovery
Weegy: Networks enable which of the following applications? B. All of the these User: Which of the following statements about information systems is not correct? A. Information systems tend to follow the structure of the organization. B. Managing information systems is difficult. C. Any information system can be strategic. D. Information systems are based on the needs of employees. E. Information systems are concentrated in the IS Department. (More)
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Asked 10/6/2013 4:12:50 PM
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Competitive advantage for an organization manifests as all of the following except: A. higher quality B. increased speed C. increased profits D. increased time to market E. lower costs
Weegy: Competitive advantage for an organization manifests as all of the following (A. higher quality; B. increased speed; C. increased profits; E. lower costs) EXCEPT: D. increased time to market. User: ) Which of the following are not provided by digital dashboards? A. Transaction processing B. Exception reporting C. Key performance indicators D. Status access E. Drill down (More)
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Asked 10/6/2013 4:23:40 PM
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