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BUS 475 Final Exam 100 Questions with Answers 1st Set |
BUS 475 Final Exam 100 Questions with Answers 1st Set 1) Which one of the following items is not generally used in preparing a statement of cash flows? A. Adjusted trial balance B. Comparative balance sheetsC. Additional informationD. Current income statement 2) One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? A. $150,000B. $60,000C. $90,000D. $75,000 3) Of the following companies, which one would not likely employ the specific identification method for inventory costing? A. Music store specializing in organ salesB. Antique shopC. Farm implement dealershipD. Hardware store 4) Which one of the following is a product cost? A. Indirect laborB. Sales person’s salariesC. Office salariesD. Advertising costs 5) The conceptual framework developed by the Financial Accounting Standards Board __________. A. was approved by a vote of all accountantsB. is viewed as providing a constitution for setting accounting standards for financial reporting C. are rules that all accountants must followD. is legally binding on all accountants 6) What is the preparation of reports for each level of responsibility in the company’s organization chart called? A. Static reportingB. Exception reportingC. Responsibility reportingD. Master budgeting analysis |
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Get more answer for your homework and exam at www.homeworkstudent.com |
http://www.homeworkstudent.com/products/final-exam?pagesize=60 |
