For mbas 4th edition - Study guides, Class notes & Summaries

TEST BANK FOR Financial & Managerial Accounting for MBAs, 4th Edition by Easton, Halsey, McAnally, Hartgraves & Morse latest edition graded A+(2024)

TEST BANK - Financial & Managerial Accounting for MBAs, 4th Edition ( Easton,2024) Newest Edition

ACG - Module 16: Relevant Costs and Benefits for Decision Making. Questions and Answers. Rationales Provided. Module 16: Relevant Costs and Benefits for Decision Making True/False Topic: Relevant Costs LO: 1 1. Relevant costs are future costs that differ between competing decision alternatives. Answer: True Rationale: Definition Topic: Outlay Costs LO: 1 2. Outlay costs are costs that have been incurred in the past, such as the purchase of a new piece of equipment for an outlay cost...

ACG- Module 10: Reporting and Analyzing Off-Balance-Sheet Financing. Questions and Answers. Rationales Provided. Topic: Lease Capitalization LO: 1 2. Capitalizing leases have little effect on a company’s return on equity (ROE) ratio. Answer: True Rationale: ROE is largely unaffected since net income and stockholders’ equity are largely unaffected. However, capitalizing leases does affect the components of ROE such as FLEV and NOAT and RNOA. Topic: Leases as a Financing Source LO:...

ACG - Module 11: Forecasting Financial Statements. Questions and Answers. Rationales Provided. Module 11: Forecasting Financial Statements True/False Topic: Eliminating Transitory Activities LO: 1 1. To forecast future performance, we should first create a set of financial statements that reflects items we expect to persist. Answer: True Rationale: Persistent activities are those that will recur – that is the point of forecasting, to predict what will recur. Topic: Conservatism ver...

ACG - Module 17: Product Costing: Job and Process Operations. Questions with Answers. Rationales Provided. Module 17: Product Costing: Job and Process Operations True/False Topic: Definition of Product Costing LO: 2 1. The process of assigning cost to inventories as they are converted from raw material to finished goods is called product costing. Answer: True Rationale: The textbook definition of the term “product costing” is: “all costs incurred in the manufacturing of products...

ACG - Module 24: Capital Budgeting Decisions. Questions and Answers. Rationales Provided Module 24: Capital Budgeting Decisions True/False Topic: Post-Audits LO: 1 1. A well run organization should perform an evaluation, called a post audit, of its investment projects before their completion. Answer: False Rationale: After completion of the project, the post-audit is conducted for comparison with project expectations. Topic: Post-Audits LO: 1 2. Post-audits create an incentive for...

ACG - Module 9: Reporting and Analyzing Intercorporate Investments. Questions and Answers. Module 9 Reporting and Analyzing Intercorporate Investments DISCUSSION QUESTIONS Q9-1. (a) Trading securities are reported at their fair value in the balance sheet. (b) Available-for-sale securities are reported at their fair value in the balance sheet. (c) Held-to-maturity securities are reported at their amortized cost in the balance sheet. For marketable securities, fair value and market valu...