Day 53 - 76% Flashcards
1
Q
Debenture bonds are:
A
Unsecured bonds
MCQ-00639
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
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
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
