We are an immediate loan specialist in Sahalee, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to Sahalee occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
1. A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at A. $102,000. B. $95,000. C. $97,000. D. $90,000. 2. The four subdivisions for plant assets are A. property, plant, equipment, and land. B. furnishings and fixtures, land, buildings, and equipment. C. intangibles, land, buildings, and equipment. D. land, land improvements, buildings, and equipment. 3. Gagner Clinic purchases land for $130,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land? A. $132,200 B. $132,500 C. $130,000 D. $134,700 4. Hull Company acquires land for $86,000 cash. Additional costs are as follows: Removal of shed $300 Filling and grading1,500 Salvage value of lumber of shed 120 Broker commission 1,130 Paving of parking lot 10,000 Closing costs 560 Hull will record the acquisition cost of the land as A. $89,610. B. $86,000. C. $87,690. D. $89,370. 5. Engler Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Engler record as the cost of the new truck? A. $49,540 B. $49,420 C. $48,000 D. $47,420 6. Interest may be included in the acquisition cost of a plant asset A. during the construction period of a self-constructed asset. B. if the asset is purchased on credit. C. if the asset acquisition is financed by a long-term note payable. D. if it is a part of a lump-sum purchase. 7. The balance in the Accumulated Depreciation account represents the A. amount charged to expense since the acquisition of the plant asset. B. amount to be deducted from the cost of the plant asset to arrive at its fair market value. C. amount charged to expense in the current period. D. cash fund to be used to replace plant assets. 8. All of the following are intangible assets except A. copyrights. B. patents. C. goodwill. D. research and development costs. 9. A purchased patent has a legal life of 20 years. It should be A. expensed in the year of acquisition. B. not amortized. C. amortized over 20 years regardless of its useful life. D. amortized over its useful life if less than 20 years. 10. The asset turnover ratio is computed by dividing A. net income by average total assets. B. net income by ending total assets. C. net sales by average total assets. D. net sales by ending total assets. 11. The relationship between current liabilities and current assets is A. useful in evaluating a company's liquidity. B. called the matching principle. C. useful in determining the amount of a company's long-term debt. D. useful in determining income. 12. A current liability is a debt that can reasonably be expected to be paid A. out of currently recognized revenues. B. out of cash currently on hand. C. within one year. D. between 6 months and 18 months. 13. Liabilities are classified on the balance sheet as current or A. long-term. B. unearned. C. deferred. D. accrued. 14. From a liquidity standpoint, it is more desirable for a company to have current A. assets equal current liabilities. B. liabilities exceed long-term liabilities. C. assets exceed current liabilities. D. liabilities exceed current assets. 15. The entry to record the issuance of an interest-bearing note credits Notes Payable for the note's A. cash realizable value. B. maturity value. C. face value. D. market value. 16. Admire County Bank agrees to lend Givens Brick Company $200,000 on January 1. Givens Brick Company signs a $200,000, 8%, 9-month note. The entry made by Givens Brick Company on January 1 to record the proceeds and issuance of the note is A. Cash 200,000 Notes Payable 200,000 B. Cash 200,000 Interest Expense 12,000 Notes Payable 200,000 Interest Payable 12,000 C. Interest Expense 12,000 Cash 188,000 Notes Payable 200,000 D. Cash 200,000 Interest Expense 12,000 Notes Payable 212,000 17. Admire County Bank agrees to lend Givens Brick Company $200,000 on January 1. Givens Brick Company signs a $200,000, 8%, 9-month note. What entry will Givens Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? A. Notes Payable 212,000 Cash 212,000 B. Notes Payable 200,000 Interest Payable 12,000 Cash 212,000 C. Interest Expense 12,000 Notes Payable 200,000 Cash 212,000 D. Interest Payable 8,000 Notes Payable 200,000 Interest Expense 4,000 Cash 212,000 18. The interest charged on a $100,000 note paya
Please don't cut and paste your homework here. It's best you attempt these question on your own merits. Good luck in your studies, ~ Mitch ~
I cant help you, but do what you want. Don't let these jergoffs tell you how to live.
I AM washington THIS CLASS! AND I NEED HELP TOO! :( I dont like our teacher.....-_- Can't get this bs to balance. Jim Aitken -_-
Doing homework is supposed to help you learn and practice the material you've covered in class. Cutting and pasting it for us to do will not HELP you learn and it's also cheating. Please refrain from doing it in the future.