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Which of the following financial statements is concerned with the company at a point in time? a. Balance sheet. b. Income statement. c. Retained Earnings statement. d. Statement of cash flows.
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Updated 1 hour 49 minutes ago|3/1/2015 12:10:44 PM
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Balance sheet is concerned with the company at a point in time.
Added 1 hour 49 minutes ago|3/1/2015 12:10:44 PM
This answer has been added to the Weegy Knowledgebase
When Delivery Equipment is purchased on account, the journal entry to record this transaction includes Answer A. debiting Delivery Equipment and crediting Accounts Payable. B. debiting Delivery Expense and crediting Cash. C. debiting Delivery Expense and crediting Accounts Payable. D. debiting Delivery Equipment and crediting Cash.
Question
Updated 2 hours 22 minutes ago|3/1/2015 11:37:24 AM
1 Answer/Comment
When Delivery Equipment is purchased on account, the journal entry to record this transaction includes: debiting Delivery Equipment and crediting Accounts Payable.
Added 2 hours 22 minutes ago|3/1/2015 11:37:16 AM
This answer has been confirmed as correct, not copied, and helpful.
what is it called when Company resources that are purchased with the intention that they will convert to cash within one year are:
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Updated 1 day ago|2/28/2015 12:21:48 PM
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Company resources that are purchased with the intention that they will convert to cash within one year are: Current Assets.

Added 1 day ago|2/28/2015 12:21:48 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [2/28/2015 7:11:52 PM]
20. Although accounting has several specific uses, the overall purpose of accounting can be summarized as: (Points : 3) To provide financial information that is useful to decision makers. To meet the legal requirements of the Financial Accounting Standards Board (FASB). To allow the government to track business activity levels. To compute the profit or loss and declared dividend of a business firm.
Weegy: Although accounting has several specific uses, the overall purpose of accounting can be summarized as D. to compute the profit or loss and declared dividend of a business firm User: The __________ is an accounting statement that reports the financial condition of a firm at a specific point in time. Answer income statement balance sheet statement of cash flows trial balance User: One of the key financial statements prepared in the fifth step of the accounting cycle is: Answer general journal. statement of cash flows. asset summary. social audit. User: __________ earnings per share measures the amount of profit a firm earns per share of outstanding common stock when preferred stock, stock options, warrants and convertible debt securities are also taken into account. Answer Basic Diluted Restricted Broad-based Weegy: Basic earnings per share measures the amount of profit a firm earns per share of outstanding common stock when preferred stock, stock options, warrants and convertible debt securities are also taken into account. User: Skilled professionals who are responsible for the development of strategies to minimize taxes are called: Answer tax accountants. certified public accountants. certified management accountants. certified internal auditors. User: Scott Drilling Contractors recently issued a corporate bond on which it expects to pay interest for the next twenty years. Scott would record this as a __________ on its balance sheet. Answer declining balance asset retained earning long-term liability long-term expense Weegy: declining balance asset retained earning long-term liability long-term expense User: Bob Stewart plans to visit his financial planner today to discuss investment strategy. As a young, "20 something" accountant, he knows he can afford to invest in a few riskier investments. Which of the following ratios will be an important measure of profitability for Bob? Answer return on ... (More)
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Updated 1 day ago|2/28/2015 12:14:48 PM
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The BALANCE SHEET is an accounting statement that reports the financial condition of a firm at a specific point in time.

Added 1 day ago|2/28/2015 12:14:48 PM
The Balance Sheet, the Statement of Cash Flows, and the ______________ are three key financial statements prepared by accountants. Answer Income Statement Statement of Retained Earnings Statement of Changes in Financial Position Trial Balance
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Updated 1 day ago|2/28/2015 12:12:58 PM
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The balance sheet, the statement of cash flows, and the INCOME STATEMENT are three key financial statements prepared by accountants.

Added 1 day ago|2/28/2015 12:12:58 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [2/28/2015 6:57:51 PM]
Which individual believed in the necessity for a worldwide revolution? a. Joseph Stalin b. Leon Trotsky c. Benito Mussolini d. Herbert Hoover
Weegy: b. Leon Trotsky - believed in the necessity of a worldwide revolution. User: The Great Depression was caused by all of the following except a. people took out too many loans for investment. c. stocks became worthless. b. stock prices became undervalued. d. banks did not have cash. Weegy: The Great Depression was caused by all of the following except d. banks did not have cash. User: In 1933, Hindenburg appointed Hitler as __________ of Germany. a. Vice -President c. Chancellor b. Secretary General d. Viceroy Weegy: In 1933, Hindenburg appointed Hitler as CHANCELLOR of Germany. User: After the war, leading up to the Great Depression, bad economic news made people a. take out loans to buy stock. c. withdraw their money from the markets. b. put their money into savings accounts. d. scramble to repay loans with cash. (More)
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Updated 1 day ago|2/28/2015 11:39:15 AM
1 Answer/Comment
After the war, leading up to the Great Depression, bad economic news made people withdraw their money from the markets.
Added 1 day ago|2/28/2015 11:39:15 AM
The number one reason for the failure of new businesses is A. insufficient cash. B. taking too many risks. C. poor marketing. D. poor management
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Updated 1 day ago|2/28/2015 6:49:06 AM
1 Answer/Comment
The number one reason for the failure of new businesses is poor management.
Added 1 day ago|2/28/2015 6:49:06 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/28/2015 6:56:13 AM]
The key to successful capital budgeting is to: (Points : 1) choose investments that maximize a company’s net income. not exceed the budget. choose investments that have the shortest payback period. choose investments whose present value of expected benefits exceed the present value of their expected costs, and so are value creating.
Weegy: The key to successful capital budgeting is to: choose investments that have the shortest payback period. User: he most obvious leakage or capital market imperfection affecting the debt and equity choice is: (Points : 1) bankruptcy risk. differential taxation of cash flows between debt and equity. the obligatory payment of interest and discretionary payment of dividends. the inability of bond rating agencies to perfectly foresee risk. (More)
Question|Asked by amanda_catherine
Expert Answered
Asked 1 day ago|2/27/2015 2:02:05 PM
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Meeting clients in person instead of talking with them on the phone can help to reduce _______ when you own your own business. A. responsibility B. loneliness C. creativity D. cash flow
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Updated 2 days ago|2/27/2015 1:32:48 PM
1 Answer/Comment
Meeting clients in person instead of talking with them on the phone can help to reduce LONELINESS when you own your own business.
Added 2 days ago|2/27/2015 1:32:48 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/27/2015 1:43:05 PM]
The Sepoy Rebellion was caused by a. food shortages. b. British insensitivity to Indian customs. c. a tax increase. d. a reduction in the sepoys’ salary.
Weegy: The Sepoy Rebellion was caused by British insensitivity to Indian customs. User: Ram Mohun Roy tried to end all of the following except __________. a. child marriage c. purdah b. sati d. cash-crops Weegy: Ram Mohun Roy tried to end all of the following except cash-crops. (More)
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Updated 2 days ago|2/27/2015 7:33:22 AM
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The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $400.00 C. $40.00 D. $250.00
Weegy: 100,000/2500 shares=$40.00 per share (also the market value) of the each stock. User: Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $4,788.00 B. $5,928.00 C. $3,800.00 D. $5,472.00 Weegy: Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. In 3 years the car is worth D)5,928.00 User: John Gray bought a basic car for $8,250.00, with options that cost $324.00. There's a 6% sales tax in his state and a combined $50.00 license and registration fee. What was John's total cost? A. $9,138.44 B. $14,247.00 C. $10,000.00 D. $9,141.44 Weegy: John's total cost was D. $9,138.44. Solution: 8250.00+324.00=8574.00 8574.00*.06=514.44 8574.00+514.44+50.00=9138.44 User: _______ health insurance coverage pays for at least part of hospital costs and fees. A. Basic B. HMO C. PPO D. Major medical Weegy: B. Basic health insurance coverage pays for at least part of hospital costs and fees. User: Which one of the following items is an example of software? A. Word-processing program B. Mouse C. Printer D. Keyboard User: Which of the following best describes term life insurance? A. The insured can borrow or collect the cash value of the policy. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured is covered during his or her entire lifetime. (More)
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Updated 2 days ago|2/27/2015 1:02:15 AM
1 Answer/Comment
The insured pays a premium for a specified number of years best describes term life insurance.
Added 2 days ago|2/27/2015 1:02:15 AM
Healthcare costs will rise in the future because __________. A. a large group of people will become senior citizens B. healthcare providers will charge more for certain types of patients C. all medicine will become generic and easily accessible D. doctors will refuse to see patients who can't pay in cash Please select the best answer from the choices provided. A B C D
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Updated 2 days ago|2/26/2015 5:22:04 PM
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Healthcare costs will rise in the future because: healthcare providers will charge more for certain types of patients.


Added 2 days ago|2/26/2015 5:22:04 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/26/2015 5:35:03 PM]
deride to strongly criticize a person over decisions that have been made 2. lambast possessing enough cash to meet debts or expenses 3. scrounge to put down or show contempt for a person 4. solvent to beg or borrow things without being able to pay them back
Weegy: 1. Deride: to put down or show contempt for a person. 2. Lambast: to strongly criticize a person over decisions that have been made. 3. Scrounge: to beg or borrow things without being able to pay them back. 4. [ Solvent: possessing enough cash to meet debts or expenses. ] (More)
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Expert Answered
Asked 3 days ago|2/26/2015 8:25:36 AM
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Read the following sentence, and then answer the question. The man in blue quietly stepped up to the window and paid for his ticket with cash. The adjective phrase in this sentence is A. in blue. B. up to the window. C. for his ticket. D. with cash.
Weegy: The adjective phrase in this sentence is: in blue. "The man in blue quietly stepped up to the window and paid for his ticket with cash." (More)
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Expert Answered
Asked 3 days ago|2/26/2015 8:11:38 AM
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Which of the following best describes term life insurance? A. The insured can borrow or collect the cash value of the policy. B. The insured is covered during his or her entire lifetime. C. The insured pays a premium for a specified number of years. D. The insured pays the premium until his or her death.
Question
Not Answered
Updated 3 days ago|2/26/2015 3:18:11 AM
1 Answer/Comment
The insured pays a premium for a specified number of years best describes term life insurance.
Added 3 days ago|2/26/2015 3:18:11 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/26/2015 3:30:18 AM]
Meeting clients in person instead of talking with them on the phone can help to reduce _______ when you own your own business. A. cash flow B. creativity C. responsibility D. loneliness
Question
Not Answered
Updated 3 days ago|2/26/2015 2:46:00 AM
1 Answer/Comment
Meeting clients in person instead of talking with them on the phone can help to reduce loneliness when you own your own business.
Added 3 days ago|2/26/2015 2:46:00 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/26/2015 3:52:22 AM]
Which of the following best describes term life insurance? A. The insured pays a premium for a specified number of years. B. The insured is covered during his or her entire lifetime. C. The insured can borrow or collect the cash value of the policy. D. The insured pays the premium until his or her death
Question|Asked by torimyers_
Not Answered
Updated 3 days ago|2/25/2015 8:47:50 PM
1 Answer/Comment
The insured pays a premium for a specified number of years - best describes the term life insurance.
Added 3 days ago|2/25/2015 8:47:50 PM
This answer has been added to the Weegy Knowledgebase
Tom saves $5 each month. At this rate, how many months will he need to save $20? A. 4 months B. 15 months C. 3 months D. 5 months
Question
Updated 3 days ago|2/25/2015 8:45:15 PM
1 Answer/Comment

Tom saves $5 each month. At this rate, he need 4 months to save $20.

4 (months) * $5(each month) = $20
Added 3 days ago|2/25/2015 8:45:04 PM
This answer has been confirmed as correct, not copied, and helpful.
The purpose of posting is to A. list the transactions in chronological order in the journal. B. provide an explanation of the transaction. C. update the account balances in the ledger. D. correct a previous entry.
Weegy: The purpose of posting is to update the account balances in the ledger. User: Which entry would record the payment of a utility bill? A. Debit Utilities Expense; credit Cash B. Debit Cash; credit Utilities Expense C. Debit Utilities Expense; credit Accounts Payable D. Debit Accounts Receivable; credit Utilities Expense Weegy: The following entry would record the payment of a utility bill: Debit Utilities Expense; credit Cash. User: Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance (More)
Question|Asked by NathanGuwop
Not Answered
Updated 3 days ago|2/25/2015 5:28:53 PM
1 Answer/Comment
The Income Statement is prepared first.
Added 3 days ago|2/25/2015 5:28:53 PM
This answer has been confirmed as correct, not copied, and helpful.
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