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Accounting Quiz

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1. When the bond coupon rate is greater than the market rate, the bond will sell at....




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2. How do you report a contingent liability that is probable but you can't estimate the amount?




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3. What is a non-current liability?




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4. How is treasury stock classified on the balance sheet?




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5. What happens when a contingent liability is probable but cannot be reasonably estimated?




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6. Examples of short-term or current assets:




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7. How does the payment of a dividend impact the accounting equation?




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8. Original Cost $55,000. Accumulated Depreciation $35,000. What is the book value of the asset?




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9. Revenues are shown on which financial statement?




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10. What is the Asset Turnover Ratio?




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11. An asset that will NOT be consumed or converted to cash within the next year.




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12. Return on Asset Ratio




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13. Asset Turnover Ratio




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14. Cost (minus) Salvage Value (over) Useful Life




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15. NOTHING




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16. Straight-Line Depreciation




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17. non-current




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18. Property, plant, equipment, intangibles




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19. Selling Price (minus) Book Value




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20. Unearned revenue





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