ACC 380 Quiz Q2

The coinsurance penalty promotes which of the following? O Application of the deductible All of the above. Equitable rates for all policyholders. O Equitable distribution of loss payments for all policyholders.

The modified accrual basis ______. Multiple select question. What solution is it below? (A) records receivables (B) is merely a "light" version of the accrual version is not equivalent to the cash basis (C) accrues expenditures when payable (D) does not recognize long-term assets and liabilities

income recieved but service not rendered, Please suggest the JE !!

Which of the following is not considered a permanent difference? Select one: a. Interest received on government obligations. b. Fines resulting from violating the law. c . Percentage depletion of natural resources. d. Stock-based compensation expense.

Which of the following is not a criterion that must be met for an item to be classified as a liability? A certain cash payment will occur in the future. A sacrifice will require the entity’s assets or services. There is a probable future sacrifice. There is a present obligation that results from a past transaction.

Which of the following is not an administrative remedy available to the government? a. Assessment   b. Distraint                 C.  Tax Avoidance            D.  Tax Lien

In determining Ordinary and Capital Gain tax rates to usea. Use only Federal RatesD. Use Federal and Local City Ratesc. Use Federal and State Ratesd. Use Federal, State & Local rates if applicable. Market Analysisa. Is not necessary to perform a cashflow analysisb. Adds quality to the numbersc. Used only if for court purposesd. Delineates a trade area A location quotient is developed to estimatea. YTotal employmentb. Total Populationc. Basic employmentd. Number of households