Exam (elaborations)
Series 86 Missed Questions a questions and answers certified 2024
- Course
- Institution
Series 86 Missed Questions a questions and answers certified 2024
[Show more]
Content preview
Series 86 Missed QuestionsThe Neutron Star Company has a high debt to total capitalization ratio. Which
of the following sources of information should be evaluated to determine the
effect of debt retirement and refunding?
A) Statement of Cash Flow—Operating Activities
B) Statement of Cash Flows—Financing Activities
C) Statement of Cash Flows—Investing Activities
D) Balance Sheet Liabilities - correct answer ✔B
A company switching its inventory accounting method from first-in, first-out
(FIFO) to last-in, first-out (LIFO) during an inflationary environment will
experience which TWO of the following choices?
1. The cost of goods sold will increase
2. The cost of goods sold will decrease
3. The income tax will increase
4. The income tax will decrease - correct answer ✔1 and 4
RYX Waste Development has increased its ownership of JV Recyclers from
49% to 51%. What changes would be expected on the RYX balance sheet?
A) Assets would decline and shareholder's equity would increase
B) Assets, liabilities and equity would increase
C) Liabilities would decline and equity would increase
D) Equity would increase if JV Recyclers was profitable - correct answer ✔B
Ownership levels of 20% to 50% use the equity accounting method for
minority ownership. Investments are carried as an asset. When ownership
exceeds 50%, consolidation is used for accounting. The assets, liabilities, and
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76800 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now