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BF170 Quiz 2 Review

Authored by Amanda Askew

Social Studies

University

Used 3+ times

BF170 Quiz 2 Review
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12 questions

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1.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

_______ bond is a debt security instrument that does not pay interest and offers full face value profits at maturity. 

2.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

In certain states, companies are allowed to pay dividends in excess of their_______ Balance

3.

FILL IN THE BLANK QUESTION

5 mins • 2 pts

According to the U.S. GAAP, companies have to use the _____ Method to amortize intangible assets. 

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Bond issue costs are recognized as a _____ of the proceeds from selling the bonds.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A liability that is satisfied through the payment of cash is referred to as a _______.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company’s bonds that are backed by the company’s general credit are called what?

Secured Bond

Marketable Bond

Jail Bonds

Debentures

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assume the retailer started the year with a beginning inventory of one TV, which had an invoice cost of $300. During the year, the dealer cost of identical TVs increased to $400, and the retailer purchases another TV at this cost. The retailer applies replacement cost accounting. Which of the following is the Current Cost of Goods Available for Sale? 

$800

$3900

$400

$1200

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