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[Show more]ACCT 2121 Chapter 6 
100% SOLUTION 
2023//2024 
The factor which determines whether or not goods should be included in a physical 
count of inventory is 
a. physical possession 
b. legal title 
c. management's judgment 
d. whether or not the purchase price has been paid - ANSWER B 
If goods in t...
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Add to cartACCT 2121 Chapter 6 
100% SOLUTION 
2023//2024 
The factor which determines whether or not goods should be included in a physical 
count of inventory is 
a. physical possession 
b. legal title 
c. management's judgment 
d. whether or not the purchase price has been paid - ANSWER B 
If goods in t...
ACCT 3021 Chapter 17 
100% SOLUTION TEST 
REVISED 2023//2024 
21. Which of the following is not a debt security? 
a. Convertible bonds 
b. Commercial paper 
c. Loans receivable 
d. All of these are debt securities. - ANSWER C 
22. A correct valuation is 
a. available-for-sale at amortized cost...
Preview 2 out of 8 pages
Add to cartACCT 3021 Chapter 17 
100% SOLUTION TEST 
REVISED 2023//2024 
21. Which of the following is not a debt security? 
a. Convertible bonds 
b. Commercial paper 
c. Loans receivable 
d. All of these are debt securities. - ANSWER C 
22. A correct valuation is 
a. available-for-sale at amortized cost...
ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information?...
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Add to cartACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information?...
ACCT CH 11 100% 
SOLUTION 
Select the true statement: 
a. As volume increases fixed cost per unit remains constant. 
b. As volume increases variable cost per unit increases. 
c. As volume decreases fixed cost per unit increases. 
d. As volume increases variable cost per unit decreases. - ANSWER c. ...
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Add to cartACCT CH 11 100% 
SOLUTION 
Select the true statement: 
a. As volume increases fixed cost per unit remains constant. 
b. As volume increases variable cost per unit increases. 
c. As volume decreases fixed cost per unit increases. 
d. As volume increases variable cost per unit decreases. - ANSWER c. ...
Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime cost...
Preview 2 out of 7 pages
Add to cartAcct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime cost...
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