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MCQs

Total Questions : 90 | Page 9 of 9 pages
Question 81. A schedule which shows the interest constitutes reduced principal and unpaid balance is considered as
  1.    repaid schedule
  2.    depreciated schedule
  3.    amortization schedule
  4.    appreciated schedule
 Discuss Question
Answer: Option C. -> amortization schedule
Answer: (c).amortization schedule
Question 82. The net income is $2250 and the noncash charges are $1150 then the net cash flow would be
  1.    1100
  2.    3400
  3.    2200
  4.    3500
 Discuss Question
Answer: Option A. -> 1100
Answer: (a).1100
Question 83. The accounts payable, accruals and notes payables are listed on balance sheet as
  1.    accrued liabilities
  2.    current liabilities
  3.    accumulated liabilities
  4.    noncurrent liabilities
 Discuss Question
Answer: Option B. -> current liabilities
Answer: (b).current liabilities
Question 84. The finance company providing loans at 12% with 2 compounding periods per year, the periodic rate is classified as
  1.    3% per quarter
  2.    6% per quarter
  3.    6% per year
  4.    0.1667 % per year
 Discuss Question
Answer: Option C. -> 6% per year
Answer: (c).6% per year
Question 85. The lottery payoffs and payment for rental apartments are the examples of
  1.    lump sum amount
  2.    deferred annuity
  3.    annuity due
  4.    payment fixed series
 Discuss Question
Answer: Option C. -> annuity due
Answer: (c).annuity due
Question 86. A loan that is repaid on monthly, quarterly and annual basis in equal payments is classified as
  1.    amortized loan
  2.    depreciated loan
  3.    appreciated loan
  4.    repaid payments
 Discuss Question
Answer: Option A. -> amortized loan
Answer: (a).amortized loan
Question 87. An interest rate is 5%, the number of period are 3, and the present value is $100, then the future value will be
  1.    115.76
  2.    105
  3.    110.25
  4.    113.56
 Discuss Question
Answer: Option A. -> 115.76
Answer: (a).115.76
Question 88. The cash and equivalents, inventories and accounts receivables are classified as
  1.    assets on balance sheet
  2.    liabilities on balance sheet
  3.    earnings on income statement
  4.    payments on income statement
 Discuss Question
Answer: Option A. -> assets on balance sheet
Answer: (a).assets on balance sheet
Question 89. A method of inventory recording which produces high inventories in balance sheet is classified as
  1.    first out receivable
  2.    first in first out
  3.    last in first out
  4.    last out receivable
 Discuss Question
Answer: Option B. -> first in first out
Answer: (b).first in first out
Question 90. The noncash revenues are $500,000 and the net income is $950,000 then the net cash flow would be
  1.    475000
  2.    485000
  3.    1450000
  4.    450000
 Discuss Question
Answer: Option D. -> 450000
Answer: (d).450000

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