The balance of the revenue account is transferred to the

Why do firms assess their sourcing capabilities? a. They can easily spot suppliers who are not practicing sustainable sourcing practicesb. They are looking for ways to reduce their employee headcountc.

A company owes its employees $5,000 for the year ended December 31. It will pay employees on January 6 for the previous two weeks' salaries. the year-end adjusting on entry on December 31 will include a debit to Salaries Expense and a credit to Cash.

What is the appropriate accounting treatment for the value assigned to in-process research and development acquired in a business combination?

A classic statement regarding project termination and closeout is, "The termination of a project is: a. A project. b. The start of the next project. c. Never ending. d. An opportunity.

An Industry Week reporter noted about Barra that, "once she receives diverse input she gauges the efficacy of all ideas and provides feedback. Co-workers and mentors have praised Barra's listening skills and her approachability.

If unexpected news raised people's expectations of a corporation's future dividends and price, then before the price changes this corporation's stock would be

What role does a fast-food corporation play when it agrees to franchise its business? Check all that apply. 1. The franchisor will supply training. 2. The franchisor will license a trademark. 3. The franchisor will select a location. 4.

Which of the following factors influence the estimate of a business's optimal capital structure? (A) The amount of business (inherent) risk. (B) Lender/rating agency attitudes. (C) Industry averages.

The balance sheet below reflects Zee Bank after its purchase of $65 million in government securities from the Fed. Assume a required reserve ratio of 10%, that banks hold no excess reserves, and that all currency is deposited into the banking system.

The following was paid out of the Petty Cash account: $400 for Store Supplies $200 for Postage Expense After counting the cash that is left in Petty Cash, $560 is needed to replenish the Petty Cash back to the original balance.