Archives: Quiz
Accounting Chapter 6 Objective 0606 Compute The Future Value Both
Copyright ©2018 McGraw-Hill 52) An investor purchases a 20-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond? (FV of $1, […]
Accounting Chapter 6 An annuity is a series of equal periodic payments
Copyright ©2018 McGraw-Hill Intermediate Accounting, 9e (Spiceland) Chapter 6 Time Value of Money Concepts 1) Compound interest includes interest earned on interest. Answer: TRUE Difficulty: 1 Easy Topic: Basics of interest―Simple versus compound Learning Objective: 06-01 Explain the difference between […]
Accounting Chapter 5 Dell Recognizes Revenue For Products The Point
Copyright ©2018 McGraw-Hill 289) In 2018, KP Building Inc. began work on a four-year construction project (called Cincy One). The contract price is $300 million. KP recognizes revenue on this contract over time according to percentage of completion. At the […]
Accounting Chapter 5 Therefore Mahogany Would Estimate The Standalone Selling
Copyright ©2018 McGraw-Hill 266) Typhoon Sons & Co. manufactures various types of golf clubs to third party vendors. On April 1, 2018, Typhoon delivers a large quantity of golf clubs to Resona Country Club. Under the sales agreement, Resona is […]
Accounting Chapter 5 Because The Seller Very Uncertain Its Estimates
Copyright ©2018 McGraw-Hill 242) DGA Associates, Inc. sells computer workstations designed for architects. In 2018, it sold 120 workstations for $360,000. For each workstation sold, DGA distributed a 40% discount coupon for any additional future purchases made in the next […]
Accounting Chapter 5 All Sullivan’s Sales Are For Cash And
Copyright ©2018 McGraw-Hill 213) When using the cost recovery method of accounting for long-term construction contracts under IFRS: A) Estimated losses on the overall contract are recognized before the contract is completed. B) Expenses are recorded each period, but revenue […]
Accounting Chapter 5 Collection son This Sale Were 20000 2017 15000
Copyright ©2018 McGraw-Hill 187) In 2018, Cupid Construction Co. (CCC) began work on a two-year fixed price contract project. CCC recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions): […]
Accounting Chapter 5 Which of the following is not true about contract assets
Copyright ©2018 McGraw-Hill 159) Which of the following is not true about contract assets? A) Contract assets are recorded when payment depends on something other than the passage of time. B) Contract assets are recognized when the seller has a […]
Accounting Chapter 5 Sanjeev enters into a contract offering variable
Copyright ©2018 McGraw-Hill 124) Sanjeev enters into a contract offering variable consideration. The contract pays him $1,000/month for six months of continuous consulting services. In addition, there is a 60% chance the contract will pay an additional $2,000 and a […]
Accounting Chapter 5 Co Signed Contract Provide Ever fresh Bakery With
Copyright ©2018 McGraw-Hill 86) Which of the following is not one of the five steps for recognizing revenue? A) Recognize revenue when (or as) each performance obligation is satisfied. B) Determine the transaction price. C) Allocate the transaction price to […]
Accounting Chapter 5 Companies recognize revenue when goods or services are transferred
Copyright ©2018 McGraw-Hill Intermediate Accounting, 9e (Spiceland) Chapter 5 Revenue Recognition 1) Companies recognize revenue when goods or services are transferred to customers for the amount the company expects to be entitled to receive in exchange for those goods or […]
Accounting Chapter 4 While This May Not occur Likely Better Predictor
Copyright ©2018 McGraw-Hill 186) Required: Compute the average collection period (rounded to one decimal place) for 2018. Answer: 365 / 8.0 = 45.6 days Difficulty: 3 Hard Topic: Profitability analysis Learning Objective: 04-10 Bloom’s: Apply AACSB: Knowledge Application Accessible/AICPA: BB […]
Accounting Chapter 4 There was a negative foreign currency translation adjustment
81 Use this information to answer the following questions: The trial balance of Rollins Inc. included the following accounts as of December 31, 2018: Debits Credits Sales revenue 5,900,000 Interest revenue 40,000 Loss on sale of investments 10,000 Unrealized holding […]
Accounting Chapter 4 The book Value The Divisions Assets Was 19
Copyright ©2018 McGraw-Hill Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. A) Related to the external financing of the company. B) Groups […]
Accounting Chapter 4 Expenses in an income statement prepared under
Copyright ©2018 McGraw-Hill 101) Rowdy’s Restaurants Cash Flow ($ in millions) Cash received from: Customers $ 1,800 Interest on investments 200 Sale of land 100 Sale of Rowdy’s capital stock 600 Issuance of debt securities 2,000 Cash paid for: Interest […]
Accounting Chapter 4 Foxtrot Co. agreed to sell the assets of its Footwear
Copyright ©2018 McGraw-Hill 57) On May 1, Foxtrot Co. agreed to sell the assets of its Footwear Division to Albanese Inc. for $80 million. The sale was completed on December 31, 2018. The following additional facts pertain to the transaction: […]
Accounting Chapter 4 Income from continuing operations sometimes includes gains
Copyright ©2018 McGraw-Hill Intermediate Accounting, 9e (Spiceland) Chapter 4 The Income Statement, Comprehensive Income, and the Statement of Cash Flows 1) Income from continuing operations sometimes includes gains from nonoperating activities. Answer: TRUE Difficulty: 1 Easy Topic: Continuing operations―Components Learning […]
Chapter 22 When American Penologists Met Cincinnati
1. More African American men attend colleges and universities than are behind bars. a. True b. False 2. Corrections has a clear mission in the process of handling offenders and the overall goal of their individual agencies. a. True b. […]
Accounting Chapter 3 Land Could Also Beheld Inventory By For
59 146) Long-term assets Answer: Total assets = Current assets + Long-term assets Current assets (CA/Current Liabilities (CL)) = 3; therefore, CA = 3CL Quick assets (QA/Current Liabilities) = 2.25; therefore, QA = 2.25CL QA = CA − Inventory = […]
Chapter 21 For most significant crimes, the state or federal
1. The community justice approach combines crime control and rehabilitation. a. True b. False 2. The growth of the penal system tends to be random in nature and scope. a. True b. False ANSWER: True REFERENCES: The Need for a […]
Accounting Chapter 3 A The Summary Significant Policies Note C
Copyright ©2018 McGraw-Hill 119) Accounts payable Difficulty: 2 Medium Topic: Classify assets―Current assets; Classify assets―Long-term assets; Classify liabilities―Current liabilities; Classify shareholders’ equity; Disclosure―Notes to financial statements; Disclosure―Management – Directors – Executives Learning Objective: 03-01, 03-02, 03-03, 03-04, 03-05 Bloom’s: Understand […]
Chapter 20 In a democracy, public opinion usually has little
1. According to opponents of capital punishment, there is no evidence the death penalty deters violent crime. a. True b. False 2. An offender who presents belated evidence of innocence is entitled to a new hearing in a federal court […]
Accounting Chapter 3 Discuss The Primary Differences Between Us GAAP
Copyright ©2018 McGraw-Hill 58) To understand the components of a company’s profitability, an analyst may compute the ratio of each major expense classification to total sales. This type of analysis is known as: A) Cost analysis. B) Horizontal analysis. C) […]
Chapter 19 Recognize How Varying Visions
True / False 1. Most Americans associate race with crime. a. True b. False 2. Sentencing for drug crimes contributes to the high incarceration rate of African Americans. a. True b. False ANSWER: True REFERENCES: Visions of Race and Punishment […]
Accounting Chapter 3 The balance sheet reports a company’s financial position
Chapter 3 The Balance Sheet and Financial Disclosures True/False Questions 1. The balance sheet reports a company’s financial position at a point in time. Answer: True Level of Learning: 1 Easy Learning Objective: 03-01 Topic Area: The Balance Sheet Blooms: […]
Chapter 18 Discuss Whether Incarceration Pays keywords
True / False 1. Some overseers think a hardening of public attitudes toward criminals is reflected in longer sentences. a. True b. False 2. For health and safety concerns, crowded living conditions in correctional facilities cannot be tolerated. a. True […]
Accounting Chapter 2 Prepare an accrual basis income statement for 2018
Copyright ©2018 McGraw-Hill Use this information to answer the following questions: The December 31, 2018 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Account Title Debits Credits Accounts payable 90,000 Accounts receivable 170,000 Accumulated depreciation — equipment 260,000 […]
Chapter 17 Approximately How Many Juveniles Were
True / False 1. Most correctional professionals believe juveniles are more susceptible than adults to the influence of treatment programs. a. True b. False 2. Most female delinquents commit the crime of running away. a. True b. False ANSWER: True […]
Accounting Chapter 2 Prepare an income statement for China Tea Company for the year
Copyright ©2018 McGraw-Hill 149) Additional Information 12/31/18 Assets 12/31/18 Liabilities 12/31/18 Owners’ Equity 2018 Net Income The estimated uncollectible accounts receivable is now zero and should be $25,000. Answer: Additional Information 12/31/18 Assets 12/31/18 Liabilities 12/31/18 Owners’ Equity 2018 Net […]
Chapter 16 Regulate Noncriminal Behavior 48 Community
True / False 1. The conditions of parole only regulate conduct that is viewed in a legal context. a. True b. False 2. In practice, revocations usually result from a single rule violation. a. True b. False ANSWER: False REFERENCES: […]
Accounting Chapter 2 Also Enter The Number To indicate The Type
41 Answers: 101) A 102) B 103) C 104) E 105) D Listed below are ten terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. A) Refers […]
Chapter 15 From 1920 to 1973, all states and the federal
True / False 1. Probation release is often tied to shock incarceration. a. True b. False 2. The number of felons on parole has decreased since 1980. a. True b. False ANSWER: False REFERENCES: Origins of Parole LEARNING OBJECTIVES: ACOR.CLEA.16.15.01 […]
Accounting Chapter 2 What adjusting entry will the company record
Copyright ©2018 McGraw-Hill 50) On September 15, 2018, Oliver’s Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver’s has a December 31 year-end. What adjusting […]
Chapter 14 Understand The Importance The Classification
1. Prison administrators use institutional programs to help manage time. a. True b. False 2. Classification is a one-time procedure. a. True b. False ANSWER: False REFERENCES: Classification LEARNING OBJECTIVES: ACOR.CLEA.16.14.04 – Understand the importance of the classification process and […]
Accounting Chapter 2 Owners’ equity can be expressed as assets minus
Chapter 2 Review of the Accounting Process True/False Questions 1. Owners’ equity can be expressed as assets minus liabilities. Answer: True Level of Learning: 1 Easy Learning Objective: 02-01 Topic Area: The basic model – Accounting equation Blooms: Remember AACSB: […]
Chapter 13 Understand The Negative Consequences
1. Staff personnel usually work under the deputy warden, handling accounting, training, and purchasing. a. True b. False 2. Formal codes of institutional conduct have emerged only in the last 40 years. a. True b. False ANSWER: True REFERENCES: Governing […]
Accounting Chapter 1 The Daily Corporation Company Whose Securities Are
Copyright ©2018 McGraw-Hill Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. A) Its EITF Issues are GAAP when entered in the Accounting […]
Chapter 12 Familiar With The History The Incarceration
True / False 1. Advocates of women’s reformatories favored rural correctional institutions in areas away from the unwholesome conditions of the city. a. True b. False 2. Vaginal examinations are frequently conducted by correctional officers to discover contraband. a. True […]
Accounting Chapter 1 The enhancing qualitative characteristic of understandability
Copyright ©2018 McGraw-Hill 70) The enhancing qualitative characteristic of understandability means that information should be understood by: A) Those who are experts in the interpretation of financial information. B) Those who have a reasonable understanding of business and economic activities. […]
Chapter 12 Give Example How Each Influences
Multiple Choice 1. Self-regulation is related to a. the inhibition of antisocial behavior. b. the inhibition of aggressive behavior. c. showing prosocial behavior. d. all of these. 2. Self-regulatory difficulties can be symptomatic of a. conduct disorders. b. attention deficit […]
Chapter 11 Which The Following Not Main Category
True / False 1. One factor in the prison inmate code is not interfering with other inmates’ interests. a. True b. False 2. The presence of gangs organized along racial lines contributes to violence in prison. a. True b. False […]
Accounting Chapter 1 Describe The Recognition Measurement And Disclosure Concepts
Copyright ©2018 McGraw-Hill Intermediate Accounting, 9e (Spiceland) Chapter 1 Environment and Theoretical Structure of Financial Accounting 1) The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises. Answer: TRUE Difficulty: 1 Easy […]
Chapter 11 Typically, the first step in the development
1. Which of the following is true about values? a. They are outcomes of socialization. b. They can change over time. c. They are qualities or beliefs that are viewed as important. d. All of these are correct. 2. The […]
Chapter 10 Which The Following Not One The
True / False 1. The 1960s and ’70s reflected the dominance of the rehabilitative model toward inmates. a. True b. False 2. The civil rights movement had no effect on prisoners. a. True b. False ANSWER: False REFERENCES: Links to […]
Chapter 10 Compared to small towns, urban areas
Multiple Choice 1. The psychological and practical relationships between humans and their social, as well as physical, environment is termed a. community ecology. b. community. c. population density. d. convention. 2. The community has the means to enforce adherence to […]
Chapter 9 Assess The Role The New Correctional
True / False 1. The cost of prison continues to increase with the rising number of offenders entering the system. a. True b. False 2. Evaluations of intensive supervision found that probation officers uncovered more rules violations than they did […]
Chapter 9 Explain How Mesosystems Community School
b. 10% c. 50% d. Nearly all 41. In the Leu et al. study (2005), most children thought the website for the Endangered Pacific Northwest Tree Octopus was a. cute. b. scientifically valid. c. hard to follow. d. slow to […]
Chapter 8 Judge Can Suspend Sentence For Good Behaviori
True / False 1. During the sentencing phase of a revocation hearing, the judge decides whether to impose a term of incarceration and if so, for how long. a. True b. False 2. Those on probation tend to be low-level […]
Chapter 17 All The Following Represent Special Skills That
1. The authors recommend a co-leading model to handle the complex dynamics associated with leading ___________________ groups. ANSWER: couples REFERENCES: 426 2. A high level of energy, including holding the focus, presenting interesting topics, and skill development are especially important […]
Chapter 9 What Accounts For This a Andrea Has Confused
1. Newspapers, magazines, books, radio, and television are all examples of a. mass media. b. the macrosystem. c. the chronosystem. d. all of these. 2. The mass media are _______________________of culture. a. shapers b. spreaders c. transformers d. all of […]