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- Question 22 Liabilities are classified on the balance sheet as current or O a. unearned. O b. deferred. O c. accrued. O d. long-term. Moving to another question will save this response.QUESTION 27 The price per unit of insurance is called the O premium. O loss adjustment expense. rate. loss reserve.15 When it is probable that total contract costs will exceed total contract revenue, how shall the long-term contractor account for the difference? Group of answer choices a. The expected profit shall be recognized as a profit immediately. b. The expected loss shall be recognized as an expense taking into account the percentage of completion as of the end of the period. c. The expected loss shall be recognized as a profit taking into account the percentage of completion as of the end of the period. d. The expected loss shall be recognized as an expense immediately.
- Question 37: Net pay is larger than gross pay. Answer: A. True B. False8 pts Pergunta 9 Which of the following principles of accounting are not directly related to accounting depletion expense? Choose all that apply. Historical Cost Conservatism O Going Concem O Matching8 Required For each of the following, select plus (+) if a high or increasing value of the item is generally associated with stronger financial condition, a minus (-) if a high or increasing value of the item is generally associated with a weaker financial condition, and NE if the item generally has no effect on the financial condition or the direction of the effect cannot be predicted. a. Unfunded pension liability. b. Operating deficit. c. Revenues over expenditures. d. Intergovernmental revenues. e. Level of business activity. f. Education level of citizens. Unemployment rate. g. h. Fund balances. i. Personal income per capita. Debt service. J. k. Percentage of households below the poverty level. I. Short-term borrowing. m. Property values. n. Capital maintenance. o. Birthrate.
- 36. In the following liabilities, the payee is known, however, the amount may have to be estimated. Which is the exception? a. provision for restructuring costs b. provision for decommissioning costs c. provision for staff bonus d. liability on customer loyalty creditsQuestion 7 Common examples of short-term or current liabilities include the following EXCEPT: O A. wages and salaries payable. O B. warranty liabilities and unearned revenues. O C. bonds payable. O D. accounts payable.Question 18 of 30 Substitute of term loan facility is O Financial guarantee Performance guarantee O Personal guarantee Deferred payment guarantee
- Problem 4-6 ignore annuity due and redo problem 4-6 by changing the word FVA to PVA.Which of the following is not affected by a change in interest expense? a. gross margin b. EBIT c. ROE d. a. and b e. all of the above**Pls new ans How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation (PBO)? What events may cause the balance of the PBO to change?
