The production cost report shows both quantities and costs. Costs are reported in three sections: (1) costs accounted for, (2) unit costs, and (3) costs charged to department. The sections are listed in the following order:
(2), (3), (1).
(1), (2), (3).
(1), (3), (2).
(2), (1), (3).
The concept of significant influence must be satisfied before which accounting method can be used by an investor?
Consolidated financial statements.
All of these answers are correct.
Cost.
Equity.
Which of the following pairs of terms in the area of financial statement analysis are synonymous?
Horizontal - Trend
Horizontal - Ratio
Ratio - Trend
Vertical - Ratio
In accounting for available-for-sale securities, the Unrealized Loss on Available-for-Securities account should be classified as a:
contra asset on the balance sheet.
liability on the balance sheet.
deduction in the stockholders' equity section of the balance sheet.
loss on the income statement.
Bonds that mature in installments are called:
callable bonds.
serial bonds.
registered bonds.
term bonds.
If the market rate of interest is lower than the stated rate, bonds will sell at an amount:
equal to face value.
not determinable from the given information.
higher than face value.
lower than face value.