BUS 475 Course Great Wisdom / tutorialrank.com BUS 475 Course Great Wisdom / tutorialrank.com | Page 13

37. Interest may be included in the acquisition cost of a plant asset:

38. On March 1st, Candy, Inc. had supplies on hand of $1,500.
During the month, Candy purchased supplies of $2,900 and used
supplies of $2,800. The March 31st balance sheet should report what
balance in their supplies account?

39. Firms must be aware of goals other than short-term profit
maximization. One area of concern should be social responsibility
which is:

40. Which of the following controls would best help detect the
removal of a blank check by an employee from the back of a
company's checkbook for subsequent misappropriation of funds?

41. Cost allocation of an intangible asset is referred to as:

42. The owner of a company has recently decided to raise the salary
of one employee, who was already making the highest salary, by
20%. Which of the following is(are) expected to be affected by this
raise?

43. The acquisition of treasury stock by a corporation:

44. Assume that the Fitzgerald Corporation uses the indirect method
to depict cash flows. Indicate where, if at all, accounts receivable
collected would be classified on the statement of cash flows.