APU ACCT300 Week 5 quiz 5

Jul 25th, 2016
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Question Question 1 of 20 5.0/ 5.0 Points The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called: A. depletion. B. deferral. C. amortization. D. depreciation. Question 2 of 20 0.0/ 5.0 Points The market interest rate related to a bond is also called the: A. stated interest rate. B. effective interest rate. C. contract interest rate. D. straight-line rate. Question 3 of 20 0.0/ 5.0 Points A company sold office furniture costing $16,500 with accumulated depreciation of $14,000 for $1,800 cash. The entry to record the sale would include: A. a loss for $700. B. an increase in accumulated depreciation for $14,000. C. a total decrease in office furniture for $2,500. D. a decrease in cash for $1,800. Question 4 of 20 5.0/ 5.0 Points The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called: A. depletion. B. deferral. C. amortizatio

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APU ACCT300 Week 5 quiz 5Report this Question as InappropriateQuestionQuestion 1 of 205.0/ 5.0 PointsThe process of transferring the cost of metal ores and other minerals removed from the earth toan expense account is called:A. depletion.B. deferral.C. amortization.D. depreciation.Question 2 of 200.0/ 5.0 PointsThe market interest rate related to a bond is also called the:A. stated interest rate.B. effective interest rate.C. contract interest rate.D. straight-line rate.Question 3 of 200.0/ 5.0 PointsA company sold office furniture costing $16,500 with accumulated depreciation of $14,000 for$1,800 cash. The entry to record the sale would include:A. a loss for $700.B. an increase in accumulated depreciation for $14,000.C. a total decrease in office furniture for $2,500.D. a decrease in cash for $1,800.Question 4 of 205.0/ 5.0 PointsThe process of transferring the cost of metal ores and other minerals removed from the earth toan expense account is called:A. depletion.B. deferral.C. amortization.D. depreciation.Question 5 of 205.0/ 5.0 PointsWhich of the following is not an intangible asset?A. GoodwillB. TrademarkC. CopyrightD. Long-term receivableQuestion 6 of 205.0/ 5.0 PointsA bond is simply a form of an interest-bearing note.A. trueB. FalseQuestion 7 of 205.0/ 5.0 PointsWhat options does a business have while financing its operations?A. Debt financingB. Equity financingC. Asset financingD. Both debt financing and equity f

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