Помогите!!!Пожалуйста.Даю 100 баллов!!! Task 2 (4 Points). ~ Prompt News

FROM student_accounts; 13. Which statement about group functions is true? Mark for Review. (1) Points. 12. With the following data in Employees (last_name, commission_pct, manager_id) what is the result of the following statement?Home » Microsoft » MB2-716 » Which of the following statements is true? Learn how your comment data is processed.3 Which of the following statements is NOT correct? a) A minimal test set that achieves 100% LCSAJ coverage will also achieve 100% branch coverage 7 Which of the following is NOT true of test coverage criteria? a) Test coverage criteria can be measured in terms of items exercised by a test...1. The following statement represents a multi-row function. True or False? Mark for Review SELECT MAX(salary) (1) Points FROM employees. Correct 9. Which of the following is true of the ORDER BY clause:? (Choose Two) Mark for Review (1) Points. (Choose all correct answers).Which of the following statements is true of accounting data? Accounting data are historical data and thus backward-looking. Which of the following is a disadvantage of measuring firm performance through total return to shareholders and firm market capitalization?

Which of the following statements is true?

Take a look at our interactive learning Quiz about Financial Statement Analysis- An Introduction , or create your own Quiz how well the financial statements reflect the company's true performance. In the financial statement analysis framework, using the data to address the objectives of the analysis and Which of the following is the least likely to be considered an accrual for accounting purposes?Which of the following statements is NOT true regarding information collected for marketers? Definition. Managers have enough of the right information. Four common sources of internal data include the accounting department, operations, the sales force, and the _. Definition.The true statement is given in the seventh principle of PA 1000.C1-1. This principle is titledInternal Audit Foundation for Consulting Services. ?From a modern internal auditing perspective, which one of the following statements represents the most important benefit of an internal auditing acti...Statement number nine. Since each of the ten statements contradict the other nine, only one of them can be correct. 5 years ago. Which of the following was true about immigration during the Great Depression?

ISTQB Foundation level exam Sample paper - I

Yes, the statement is true. As 1 means perfect positive correlation, the value of correlation more inclined towards one means that there is a strong relationship between the two quantities.Which of the following will not be a relevant factor when using the payback method of capital investment appraisal? A project would normally be undertaken if its net present value is: Why is the payback method often considered inferior to discounted cash flow in capital investment appraisal?A. If assertions are compiled into a source file, and if no flags are included at runtime, assertions will execute by default. B. As of Java version 1.4, assertion statements are compiled by default. C. With the proper use of runtime arguments, it is possible to instruct the VM to disable assertions for a certain...Consequently, the most common accounting system is historical cost accounting, which records assets at their original purchase price, minus accumulated depreciation charges. The balance sheet shows a company's financial situation on a particular date, generally the last day of the financial year.6. Which of the following statements is true with regards to Advanced Search ? C. It is not possible to edit searches using Advanced Search. If you drag and drop data from a Chart or a Quick Chart into Thomson Reuters Eikon Excel the data will automatically update in the spreadsheet.

Question 1

Question

Which of the following is least prone to be regarded as a role of monetary observation analysis?

Answer

Determining whether to invest in the corporate's securities.

Assessing the control skill of the corporate's executives.

To make economic choices.

Question 2

Question

An organization collects cash from a buyer to settle an account receivable. What impact does this transaction have on the corporate's total assets and general shareholders' fairness? Assets Equity

Answer

Increase Increase

No effect Increase

No effect No impact

Question 3

Question

The Management Discussion and Analysis (MD&A) portion of the financial statements:

Answer

is no longer required via the SEC.

comprises such items as discontinued operations, ordinary items, and different odd or infrequent events.

includes audited disclosures that help give an explanation for the data summarized in the financial statements.

Question 4

Question

In the expanded shape of the accounting equation, assets equal liabilities plus contributed capital plus:

Answer

ending retained profits minus beginning retained earnings.

starting retained income plus revenue minus expenses.

finishing retained earnings.

Question 5

Question

According to the IASB, which of the following least correctly describes financial reporting? Financial reporting:

Answer

supplies information about changes in financial place of an entity.

makes use of the knowledge in an organization's monetary statements to make financial selections.

is useful to a variety of customers.

Question 6

Question

Alpha Company reported the following financial observation data: December 31, 2006: Assets ,000 Liabilities 45,000 December 31, 2007: Assets 82,000 Liabilities 55,000 During 2007: Stockholder investments 3,000 Net source of revenue ? Dividends 6,000 Calculate Alpha's net income for the year ended December 31, 2007 and the change in stockholders' fairness for the yr ended December 31, 2007. Net income Change in stockholders' fairness

Answer

,000

{title}

{content}

,000 lower

( ,000)

{title}

{content}

,000 building up

,000

{title}

{content}

,000 increase

Question 7

Question

What is the basic stability sheet equation?

Answer

Assets = Liabilities + Stockholders' Equity (A = L + E).

Liabilities = Assets + Stockholders' Equity (L = A + E).

Assets = Stockholders' Equity Liabilities (A = E L).

Question 8

Question

Prema Singh is the bookkeeper for Octabius Industries. Singh has been asked by way of the CFO of Octabius to check all purchases that came about between February 1 and February 8 to research an error on the receiving dock. Singh will possibly have a look at the:

Answer

preliminary trial balance.

common ledger.

normal magazine.

Question 9

Question

Beta Company reported the following monetary commentary information: December 31, 2006: Assets ,000 Liabilities 28,000 December 31, 2007: Assets ? Liabilities 38,000 During 2007: Stockholder investments 15,500 Net source of revenue 18,000 Dividends 7,750 Calculate Beta's general property and stockholders' equity as of December 31, 2007. Total property Stockholders' fairness

Answer

,750 ,000

,750 ,750

,250 ,750

Question 10

Question

An accounting entry that updates the ancient price of an asset to current marketplace levels is easiest described as:

Question 11

Question

Which of the following financial reporting possible choices is accredited below IFRS but no longer beneath U.S. GAAP?

Answer

Netting deferred tax property with deferred tax liabilities.

Excluding actuarial positive aspects and losses from stability sheet pension items.

Revaluing plant and equipment upward.

Question 12

Question

Accruals are very best described as requiring an accounting access:

Answer

when the earliest tournament in a transaction occurs.

most effective when a good or carrier has been supplied.

when an expense has been incurred.

Question 13

Question

Which of the following statements represents information at a selected point in time?

Question 14

Question

Which of the following statements about proxy statements is least correct? Proxy statements are:

Question 15

Question

When a publicly traded U.S. corporate prepares a proxy observation for its shareholders prior to the annual meeting or different shareholder vote, it additionally files the observation with the SEC as Form:

Answer

144.

DEF14A.

8K.

Question 16

Question

Which of the following is an analyst least more likely to depend on as objective data to include in a company research?

Question 17

Question

Wichita Corporation reported the following balances as of December 31, 2007: Cash $? Accounts payable 16,000 Accounts receivable 58,000 Additional paidin capital 42,000 Common stock 19,600 Inventory 12,000 Plant and gear 26,800 Notes payable 20,000 Retained earnings 32,000 Calculate Wichita's money and total belongings as of December 31, 2007 primarily based best on these entries. Cash Total assets

Answer

,800 9,600

,800 3,600

,000 9,600

Question 18

Question

A company engages in a new sort of financial transaction that has a material effect on its income. An analyst must possibly be suspicious of the new transaction if:

Answer

the transaction is no longer governed via existing laws.

no accounting standard exists that applies to the transaction.

management has now not explained its industry function.

Question 19

Question

Reading the footnotes to a company's financial statements and the Management Discussion & Analysis is least more likely to lend a hand an analyst determine:

Answer

how well the monetary statements replicate the corporate's true performance.

the more than a few accruals, changes and assumptions that went into the financial statements.

the detailed knowledge that underlies the corporate's accounting machine.

Question 20

Question

Which of the following monetary reporting alternatives is accredited under IFRS but no longer under U.S. GAAP?

Answer

Netting deferred tax assets with deferred tax liabilities.

Revaluing plant and equipment upward.

Excluding actuarial positive factors and losses from stability sheet pension pieces.

Question 21

Question

Information about a company's financial position at a cut-off date is most likely found in the:

Answer

source of revenue statement.

balance sheet.

money waft commentary.

Question 22

Question

Allowance for dangerous money owed and funding in affiliates are most likely to be proven as what varieties of accounts? Allowance for dangerous debts Investment in affiliates

Answer

Liabilities Asset

Contraasset Asset

Contraasset Liabilities

Question 23

Question

Characteristics of a coherent financial reporting framework are very best described as:

Answer

materiality, comprehensiveness, and aggregation.

consistency, materiality, and transparency.

transparency, consistency, and comprehensiveness.

Question 24

Question

Which of the following would NOT require an explanatory paragraph added to the auditors' record?

Answer

Statements that the monetary information used to be ready according to GAAP.

Doubt regarding the "going concern" assumption.

Uncertainty due to litigation.

Question 25

Question

Accumulated depreciation and treasury inventory are perhaps to be proven as what sorts of accounts? Accumulated Treasury inventory depreciation

Answer

Liability Equity

Contraasset Contraequity

Question 26

Question

Professional organizations of accountants and auditors that establish financial reporting standards are called:

Question 27

Question

Management disclosure of the likely have an effect on of imposing just lately issued accounting standards is least more likely to:

Answer

conclude that the same old won't affect the financial statements materially.

conclude that the usual does not observe.

state that the affect of the same old is unimaginable to decide.

Question 28

Question

The Management Discussion and Analysis (MD&A) portion of the monetary disclosure is least likely required to speak about:

Question 29

Question

Which of the following statements about monetary observation analysis and reporting is least correct?

Answer

Providing information about changes in an organization's financial position is a job of monetary reporting.

Deciding whether or not to counsel an organization's securities to buyers is a job of financial remark analysis.

Financial observation analysis makes a speciality of the manner firms display their financial efficiency to investors through making ready and presenting financial statements.

Question 30

Question

According to the IASB conceptual framework, characteristics that toughen relevance and faithful illustration come with:

Answer

comparability and thoroughness.

timeliness and verifiability.

assurance and understandability.

Question 31

Question

In the monetary observation analysis framework, the use of the data to address the targets of the research and deciding what conclusions or suggestions the data supports is perfect described as:

Question 32

Question

Jack Rivers is an investment analyst for the equity fund of a family place of business. The head of the family, Charlotte Blackmon, is concerned that management is also manipulating the earnings of some of the companies that the fund invests in. Rivers explains to Blackmon, "Even despite the fact that we do not need get right of entry to to the detailed transactions that underlie the monetary statements, we will be able to be sure that control is not manipulating earnings because I learn the footnotes to the monetary statements of every company we invest in. The footnotes would divulge any deviation from suitable accounting parameters." Rivers is:

Answer

proper.

incorrect as a result of even inside of appropriate accounting parameters, management can manipulate earnings through the assumptions that rely on their discretion.

Financial statements could probably take any form if reporting requirements didn't exist.

Question 33

Question

Which of the following statements about financial statements and reporting requirements is least correct?

Answer

Reporting standards focus most commonly on format and presentation and make allowance management wide latitude in assumptions.

The objective of financial statements is to offer economic decision makers with useful knowledge.

Financial statements could probably take any form if reporting requirements didn't exist.

Question 34

Question

Which of the following is the least prone to be thought to be an accrual for accounting purposes?

Question 35

Question

Washburn Motors signs a contract to promote a 0,000 luxurious sedan to be delivered subsequent month, and receives a ,000 money down fee from the purchaser. How will the transaction in all probability impact Washburn's property and liabilities? Assets Liabilities

Answer

Increase Unchanged

Increase Increase

Unchanged Unchanged

Question 36

Question

Making a profitable sale on credit is possibly to have which of the following effects?

Answer

Increase property and decrease liabilities.

Increase property and build up fairness.

Decrease property and build up fairness.

Question 37

Question

Which of the following is an unbiased auditor least prone to do with appreciate to an organization's monetary statements?

Answer

Prepare and accept responsibility for them.

Provide an opinion regarding their fairness and reliability.

Confirm property and liabilities contained in them.

Question 38

Question

A listing of all the company's magazine entries via date is called the:

Answer

adjusted trial stability.

basic ledger.

general magazine.

Question 39

Question

In addition to the audited financial statements incorporated in a firm's annual record, which of the following assets of data is in all probability to include audited data?

Question 40

Question

Which of the following is an organization least most probably required to give in step with International Accounting Standard (IAS) No. 1?

Answer

Statement of adjustments in house owners' equity.

A summary of accounting policies.

Disclosures of subject material events.

Question 41

Question

An analyst is least most probably to use disclosures of accounting insurance policies and estimates to guage:

Answer

whether the disclosures have modified since the prior duration.

what policies are likely to be modified in long term classes.

what insurance policies are mentioned.

Question 42

Question

According to the IASB Conceptual Framework for Financial Reporting, one of the qualitative traits of financial statements is:

Answer

going fear.

trustworthy illustration.

timeliness.

Question 43

Question

The perfect description of the normal ledger is that it:

Answer

groups accounts into the categories that are presented in the monetary statements.

is the place journal entries are first recorded.

varieties the entries in the common journal through account.

Question 44

Question

An organization's chart of accounts is:

Answer

the set of magazine entries that makes up the parts of owners' fairness.

a detailed list of the accounts that make up the 5 financial observation components

used for entries that offset different accounts.

Question 45

Question

The term "convergence" is most accurately used to explain:

Answer

the reduction of the premium on a bond because it nears maturity.

the procedure of creating one universally authorised set of accounting standards.

when expected go back and required return are equal.

Question 46

Question

Which of the following is least most likely a qualitative function accounting knowledge should possess as a way to provide helpful data to an analyst, in line with the IASB Conceptual Framework?

Answer

Faithful illustration.

Relevance.

Conservatism.

Question 47

Question

Which of the following is the best possible description of the glide of information in an accounting device?

Answer

Journal entries, common ledger, trial stability, monetary statements.

Trial stability, general ledger, normal journal, financial statements.

General ledger, trial balance, common journal, financial statements.

Question 48

Question

A furniture store acquires a set of chairs for 0 money and sells them for $one thousand money. These transactions are in all probability to impact which accounts? Purchase Sale

Answer

Assets best Assets, revenue, expenses, owners' fairness

Assets and expenses Assets, revenue, expenses, homeowners' equity

Assets only Assets and revenues simplest

Question 49

Question

Disagreements that inhibit construction of a coherent monetary reporting framework are least prone to involve which of the following?

Answer

Standard environment.

Transparency.

Valuation.

Question 50

Question

Which of the following statements referring to footnotes to the financial statements is least accurate?

Answer

Footnotes may contain knowledge referring to contingent losses.

Footnotes supply details about assumptions and estimates utilized by management.

Some supplementary schedules are audited while footnotes are not audited.

Question 51

Question

Which of the following is least prone to be considered a function of a coherent financial reporting framework?

Answer

Transparency.

Stability.

Comprehensiveness.

Question 52

Question

The step in the monetary statement analysis framework that includes making any suitable adjustments to the financial statements and calculating ratios is best possible described as:

Question 53

Question

A company's running revenues for a reporting duration are most likely to be proven on its:

Answer

cash go with the flow commentary.

balance sheet.

income observation.

Question 54

Question

Two underlying assumptions of monetary statements, in keeping with the IASB conceptual framework, are:

Answer

going concern and accrual accounting.

accrual accounting and historical value.

ancient value and going worry.

Question 55

Question

Which of the following easiest describes monetary reporting and monetary statement research?

Answer

Financial reporting refers to how firms display their financial efficiency and fiscal analysis refers to using the data to make economic choices.

The objective of monetary analysis is to supply details about the financial position of an entity that is helpful to a variety of users.

Financial experiences assess an organization's previous efficiency as a way to draw conclusions about the company's skill to generate cash and profits in the future.

Question 56

Question

The purchase of apparatus for ,000 money is perhaps to be recorded as:

Answer

an increase in an asset account and an build up in a liability account.

an increase in one asset account and a lower in another asset account.

an build up in two asset accounts.

Question 57

Question

An analyst can find a corporate's accounting insurance policies that require vital judgement or estimates in:

Question 58

Question

Which of the following least as it should be describes a right kind use of doubleentry accounting?

Answer

A decrease in a legal responsibility account could also be balanced by way of a decrease in every other legal responsibility account.

A transaction could also be recorded in additional than two accounts.

An build up in an asset account is also balanced by an building up in an owner's equity account.

Question 59

Question

Under which framework for financial reporting systems are the monetary commentary components associated with efficiency outlined as revenues, bills, gains, losses, and comprehensive source of revenue?

Question 60

Question

The step in the monetary commentary research framework of "processing the data" is least prone to include which task?

Answer

Making appropriate changes to the financial statements.

Acquiring the company's monetary statements.

Preparing exhibits akin to graphs.

Question 61

Question

Which description of the purpose of monetary statements is most correct? The objective of monetary statements is:

Answer

to offer a variety of users with details about a company's monetary prospects.

to supply financial resolution makers with helpful details about a company's financial efficiency and changes in financial position. to supply securities analysts with purpose data about

to supply securities analysts with function data a few company's monetary prospects.

Question 62

Question

Sergey Martinenko is an investment analyst with Profis, Martinenko and Verona. He is explaining to his new assistant, John Stevenson, why it is crucial for an investment analyst to read the footnotes to a company's monetary statement and the Management Discussion and Analysis (MD&A) ahead of making an investment resolution. Which rationale is Martinenko least likely to provide to Stevenson regarding the significance of analyzing the footnotes and MD&A?

Answer

The footnotes expose whether or not or now not the company is adhering to GAAP.

Evaluating the footnotes is helping the analyst assess whether control is manipulating profits.

Accruals, changes and assumptions are regularly defined in the footnotes and MD&A.

Question 63

Question

According to the IFRS framework, timeliness is a function that enhances:

Question 64

Question

Which of the following is least more likely to be thought to be a stated function of the International Accounting Standards Board (IASB)?

Answer

Develop global accounting standards requiring transparency, comparison, and prime quality in monetary statements.

Remain neutral in the debate on the use of global accounting standards to keep away from appearance of a battle of passion.

Account for the needs of emerging markets and small corporations when imposing global accounting requirements.

Question 65

Question

Regarding the use of financial statements in safety research and choice, it would be maximum correct to say that:

Answer

analysts can check the accuracy of financial statements via using a firm's detailed accounting device knowledge.

further research of a company's financial statements is typically now not vital if the company has conformed to acceptable accounting ideas.

analysts can use footnotes and Management's Discussion and Analysis to raised understand assumptions used in the financial statements.

Question 66

Question

Which of the following is in all probability to be thought to be a barrier to developing one universally known set of reporting standards?

Answer

Reluctance of firms to adhere to a single set of reporting requirements.

Different standardsetting our bodies of different nations disagree on the easiest treatment of a selected factor.

GATT already calls for enough settlement.

Question 67

Question

Which of the following is the absolute best description of the monetary commentary research framework?

Answer

State the function and context, accumulate data, process the data, analyze and interpret the data, report the conclusions or recommendations, replace the analysis.

Gather data, analyze and interpret the data, determine the context, document the conclusions, replace the analysis.

Gather data, analyze and interpret the data, procedure the conclusions, assess the context, record the recommendations, update the research.

Question 68

Question

Required monetary statements, in keeping with International Accounting Standard (IAS) No. 1, include a(n):

Answer

balance sheet and explanatory notes.

money flow observation and auditor's report.

source of revenue statement and dealing capital summary.

Question 69

Question

The following quantities had been drawn from the data of JME Company: general property = 1,200; general liabilities = 0; contributed capital = 0. Based on this information on my own, retained income should be equivalent to:

Answer

−0.

Question 70

Question

The standard auditor's report is in all probability required to:

Answer

provide reasonable assurance that control is reliable.

provide an "unqualified" opinion if subject matter uncertainties exist.

supply affordable assurance that the financial statements comprise no subject matter mistakes.

Question 71

Question

Which of the following statements about monetary reporting requirements is least accurate? Reporting standards:

Answer

narrow the range inside which control estimates can be observed as reasonable.

are disclosed on Form 8K via publicly traded corporations in the United States.

ensure that the data is "useful to a wide range of users."

Question 72

Question

Which of the following statements relating to the notes to the audited monetary statements of an organization is least accurate? Financial statement notes:

Question 73

Question

Desirable attributes of accounting standardsetting bodies least likely come with:

Answer

making selections which might be in the public hobby.

running independently of interested stakeholders.

having transparent and consistent standardsetting processes.

Question 74

Question

Which of the following is least prone to be to be had on EDGAR (Electronic Data Gathering, Analysis, and Retrieval System)?

Question 75

Question