ACC 400 Final Exam Guide ( MCQs )( UOP )
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3 . What are some of the various lease options ? When would you use one option over the others ? What could be the financial influence of this decision ? ( 300 words )
4 . Why do you think it is important for clients of accounting firms to be ethical ? ( 300 words )
5 . How could a corporation integrate ethical behavior into its code of conduct and internal controls ? ( 300 words ) =======================================
ACC 400 Final Exam Guide ( MCQs )( UOP )
For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 1 Times , Rating : A +
1 . A measure of a company ’ s solvency is the a . acid-test ratio . b . current ratio . c . times interest earned ratio . d . asset turnover ratio .
2 . Allowance for Doubtful Accounts is presented as a ( n ) a . addition to Accounts Receivable on the balance sheet . b . operating expense on the income statement . c . deduction from Sales on the income statement . d . contra asset on the balance sheet .
3 . The financial statements of the Colter Manufacturing Company reports net sales of $ 400,000 and accounts receivable of $ 80,000 and $ 40,000 at the beginning of the year and end of year , respectively . What is the receivables turnover ratio for Colter ? a . 6.7 times b . 10 times c . 5 times d . 8 times