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ZZZ - FAR #3 > Day 53 - 76% > Flashcards

Day 53 - 76% Flashcards

1
Q

Debenture bonds are:

A

Unsecured bonds

MCQ-00639

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2
Q

Under the allowance method, what is the entry to write off an account?

A

DR - Allowance
CR - AR

Decreases both accounts

MCQ-00044

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3
Q

How is interest incurred to finance software development for internal use classified?

A

Capitalized as a component of computer software development costs

MCQ-05670

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4
Q

I’m consolidated FS dividends paid equal:

A

The same as the parent - subs dividends paid would be eliminated in consolidation

MCQ-00432

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ZZZ - FAR #3 (70 decks)

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