Which of the following assets is classified as Trading Stock? Select one: Property acquired by an employee who plans to rent it out Shares acquired by an investor who hopes to hold the shares for at least 12 months Televisions acquired by a hotel owner who plans to install it in hotel rooms Land acquired by a property developer for the purpose of resale

Q: A ratio that expresses the link between a year's cash flow and the present value of the cash flow or…

A: As you asked for straight answer without Explaination. So, here I'm providing you the answer by…

Q: Divestment is….  A synonym for investment Brading out into new markets Something that only happens…

A: Divestment can be defined as the process of selling assets, investments, or subsidiary assets or…

Q: Explain Household can deposit their surplus funds with banks, who in turn could lend these funds to…

A: The circular flow of money is essential for the economic progress and the development of the sound…

Q: amortization

A: Amortization is an accounting strategy that lowers the book value of a debt or intangible asset for…

Q: Which among the following is a tool of management accounting? a. Budgeting b. Risk analysis c.…

A: Management accounting: The process of creating organization goals by identifying, measuring,…

Q: Which of the following statements is true?   Increasing dividends will always decrease the stock…

A: In general terms, a dividend refers to the profit that is distributed among the shareholders by the…

Q: Smith Company, a CPA firm, conducted an audit for the 2020 financial statements of Sara Corporation.…

A: The question has an auditing procedure in which the auditors make a comparison of current year…

Q: Give the meaning and purpose of each of the following: a. income statement b. cash flow statement…

A: Financial Statement is the business report which describes the business performance and its…

Q: l unrealized holding gains or losses be recognized in income statement? Enter 1, 2, 3, or 4 that…

A: Protections or Securities that are held-for-exchanging are recorded on the asset report at their…

Q: Potential Market Risk Exposure: The danger of bank loss at some future time if the customer who…

A: Introduction: The term Market refers to an exchange of goods and services between the buyer and the…

Q: The statement that shows the sources and uses of funds is: a. Fund Flow Statement b. Cash Flow…

A: The cash flow statement is a statement that shows different types of items in three different…

Q: aren Johnson, CFO for Raucous Roasters (RR), a specialty coffee manufacturer, is rethinking her…

A: c Cash conversion cycle refers to the period of time or structure during which…

Q: discount cash flow methods remove market noise; that is, non-economic changes is asset, liability…

A: Discounted cash flow is a valuation technique used to estimate the fee of an funding primarily based…

Q: If all transactions and record keeping are done according to accounting standards, Triple D can do a…

A: Reconciliation is the method of coordinating transactions that have been reported internally on…

Q: Which of the following stocks is mostly likely a growth stock?

A: Out of the following stocks, the growth stock can be-

Q: Which of the following is the most liquid form of current assets a. Inventory b. Accounts Payable c.…

A: Liquid assets are assets that may be easily converted into cash or are in the form of cash. It helps…

Q: Which of the following deals with the management of money? Banking Finance Trading Accounting

A: The processes of planning, saving, investing, spending, or otherwise overseeing an individual's or…

Q: The major difference between realizing a capital loss or a business investment loss is the sale of…

A: A capital loss is the loss brought about when a capital resource, for example, a venture or genuine…

Q: If an investor, Carla, buys a share of stock in Fast Electronics from another investor, Noel, Fast…

A: A stock is a sort of investment that signifies a proprietorship share in a corporation. Investors…

Q: Which of the following questions would an auditor likely include on an internalcontrol questionnaire…

A: Internal control is the term which is defined as the procedure for assuring the objectives of firm…

Q: If a firm’s sales revenues exceed its expenses, the firm has earned a profit.True or False

A: Marketing is deemed for the purpose of sales of the business. It means entire marketing planning and…

Q: Which of the following is not a factor that relates to opportunities to misappropriate assets? *…

A: Asset misappropriation involves third parties or employees in an organization who misuse their…

Q: Which of the following accounts increases the debit and decreases the credit? Give reasons with the…

A: In management accounting or managerial accounting, managers use the provisions of accounting…

Q: Consider the following balance sheet: Cash $70,000 Accounts receivable $30,000 Inventories $50,000…

A: Usage of $30000 cash to pay salaries: (a) Salaries a/c Dr $30000 To Cash a/c $30000 (b) Profit &…

Q: 17. The part of capital that represents the excess amount paid over the par value for the shares of…

A: In common or preferred stock issuing, paid-in capital is the amount of capital paid in by…

Q: Financial management is more important for a large firm than it is for a small firm. True or False…

A: Financial Management : Financial Management can be defined as a type of management which focuses on…

Q: One company offers a candidate for employment 1,200 shares os stock options. Another company…

A: One company offers a candidate for employment 1,200 shares of stock options. Another company…

Q: Mental accounting is Select one: a. when one associate realized gains and losses with the original…

A: Mental accounting alludes to the various qualities an individual puts on a similar measure of cash,…

Q: Indicate whether the statement is true or false, and justify your answer.Whether a prospect is coded…

A: The answer is "True".

Q: Which of the following statements best describes the overall purpose of management accounting?  A…

A: Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and…

Q: 3- Every investor expects some return on his/her investment. The benefit/return received by common…

A: Common Stock: There are different types of securities in the share market, common stock refers to…

Q: Why might a manager intentionally classify a trading security as an available-for-sale security?…

A: Why might a manager intentionally classify a trading security as an available-for-sale security?…

Q: State the objective of the audit of financial statements. In generalterms, how do auditors meet that…

A: Every company has its own financial statements and has accounting department. Auditor is the one who…

Q: A mutual fund that invest in a mix of equity and fixed income securities that provide current cash…

A: A mutual fund that invest in a mix of equity and fixed income securities that provide current cash…

Q: In order to establish a C corporation, it is a requirement that investors run the company, whereas…

A: There are a number of reasons responsible for incorporating a business. Corporation is one of the…

Q: Which of the following refers to the rate that bond investors expect to get for investing in a bond?

A: A bond is a instrument which enables a firm to gather a large amount of funds from public by issuing…

Q: Dell Company, a CPA firm, conducted an audit for the 2020 financial statements of Perla Corporation.…

A: Fraud, by its very nature, is deliberately hidden, and is therefore harder for auditors to spot than…

Q: 1) Ms. Linda Udall owns 800 shares of Fordam Inc. that she acquired several years ago at $10 per…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Dr. Robert Smith owned his family practice for over 20 years. He came from a family of  success. His…

A: Saul is facing a very critical ethical dilemma in this situation. The ethical dilemma rises because…

Q: All of the following are part of the current account EXCEPT ________.

A: In the Balance of Payments computation for a country, its current account balance includes trade…

Q: the Financial Statements recommended what type of engagement (i.e. audit, review or compilation)…

A: Companies who are new and want their Financial position can approach the following type of…

Q: Evaluate the following statements: S1. Any investment income of general borrowing is deducted from…

A: Option D is correct true , flase