Which of the following is not a long term liability item?
Doğru Cevap!
Yanlış Cevap!
Doğru Cevap: B) Unearned revenue
Which of the following is the amount earned through profitable operations of corporations and that is kept in the corporation?
Doğru Cevap: A) Retained earnings
What is the amount that is earned through profitable operations of corporations and kept in the corporation?
Doğru Cevap: D) Retained earnings
I. Sole proprietorship II. Partnership III. Corporation Which of the above's owner(s) is/are not personally responsible from the corporation’s liabilities
Doğru Cevap: B) Only III
After five years of using, a company moves to another location, and so needs to disassemble and reassemble its machinery. In this case, how will the company record these expenditures in its journal?
Doğru Cevap: A) They will be recorded as period expenses.
Which part of the cash flow statement is the most important?
Doğru Cevap: A) Operating Activities
There is a lawsuit filed against a company for damages claiming an indemnity of 200,000 TL. The company will probably lose the lawsuit, however the amount of indemnity cannot be estimated reliably. How will the company report this on its balance sheet?
Doğru Cevap: E) by disclosing a contingent liability in the footnotes
Assume that the purchase price of the machine is 150,000, transferring costs 5.000 and the strengthening operation costed 10,500. What is the total price of this machine?
Doğru Cevap: E) 165.00