Tag Archive | "Credit"

If You Could Claim Credit For Something Made?


Do you ever think about something that you someone else made and think I wish I thought of that idea? Or maybe a cure to some disease? If you do what would you like to see your name affiliated with?

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What Are Some Good Credit Repair Business Opportunities ?


I recently heard of a few credit repair affiliate programs. Most of them had to do too much work or paid too little. I’m looking for something that I can do to earn extra money but I still have to work for now. Can any body help me?

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Accouting Help!!!!!!?


Question 1
The equity method of accounting for investments
Answer a. requires a year-end adjustment to revalue the stock to lower of cost or market
b. requires the investment be increased by the dividends paid by the investee
c. requires the investment be increased by the reported net income of the investee
d. requires the investment to be reported at its original cost
.
5 points
Question 2
Long-term investments are held for all of the listed reasons below except
Answer a. the interest or dividend income
b. long-term gain potential
c. meet current cash needs
d. influence over another business entity
.
5 points
Question 3
Held to maturity securities
Answer a. are reported at fair market value
b. include stocks as well as bonds
c. may be reported as current or noncurrent assets
d. all of the above
.
5 points
Question 4
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $40.50 per share. What is the amount of gain or loss on the sale?
Answer a. $300 gain
b. $1,550 gain
c. $4,050 gain
d. $300 loss
.
5 points
Question 5
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the purchase would be:
Answer a. Debit: Investment in Bonds $101,500; Credit: Cash $101,500
b. Debit: Investment in Bonds $100,000 and Interest Receivable $1,500; Credit: Cash $101,500
c. Debit: Investment in Bonds $100,000; Credit: Interest Revenue $1,500 and Cash $98,500
d. Investment in Bonds $100,000; Credit: Cash $100,000
.
5 points
Question 6
Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
Answer True
False .
5 points
Question 7
All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except:
Answer a. pressure on regulators to adopt an international set of accounting principles and standards.
b. the ease of applying market values to assets and liabilities.
c. hybrid measurement methods within GAAP that conflict with each other.
d. a greater percentage of total assets existing as receivables and securities.
.
5 points
Question 8
Parker Company owns 83% of the outstanding stock of Tadeo Company. Parker Company is referred to as the
Answer a. minority interest
b. affiliate
c. parent
d. subsidiary
.
5 points
Question 9
Held-to-Maturity securities
Answer a. are reported at their fair market value on the balance sheet date
b. include both stocks and bonds
c. are primarily purchased to earn interest revenue
d. all of the above
.
5 points
Question 10
Under the equity method, the receipt of cash dividends on an investment in common stock of Vallerio Corporation is accounted for as a debit to Cash and a credit to
Answer a. Dividend Revenue
b. Investment in Vallerio
c. Retained Earnings
d. Dividend Receivables
.
5 points
Question 11
Which of the following statements below is not a reason a company may purchase another company’s stock?
Answer a. sustain the other company’s stock price
b. gaining control of another company’s operations
c. developing or maintaining business relationships
d. earning a return on excess cash
.
5 points
Question 12
The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the
Answer a. cost method
b. market method
c. equity method
d. income method
.
5 points
Question 13
Temporary investments
Answer a. are reported as current assets
b. include cash equivalents
c. do not include equity securities
d. all of the above
.
5 points
Question 14
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include:
Answer a. Interest Revenue credit $2,000.
b. Investment in Bonds debit $202,000.
c. Cash credit $200,000
d. Interest Receivable debit $2,000
.

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I Have No Credit….i’m 30 Years Old…..whats A Good Secured Credit Card To Apply For?


I am looking for a good and decent secured credit card that suits my needs. Auto bots and spammers with bullshit offers that are looking to rip-off people like me need not apply.
this is what i’m looking for in a card….
-must have reasonable or awesome interest rates.
-none of those EXTRA b.s. fees you’ll find in cards that are looking to rip people off.
-must report to the three credit bureaus often.
-card must turn into a unsecured credit card within a certain amount of time. (the sooner the better.)
Since i don’t know of any good companies out there, which card would you guys recommend that meet some or all of my criteria that you may or may not have personal experience with?? I need specific banks that you are aware of. Those answering may not work or be affiliated in some way to the benefit of these banks. Only consumers and finance gurus may respond.

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Are There Any Credit Card Companies That Aren’t Affiliated With Big Banks?


I just recently joined a credit union and will be closing my wells fargo accounts soon but I know these banks are making a fortune off credit cards. I pay mine off every month so they don’t get my interest but they still make money every time I swipe from the vendors.
I want to earn credit but I don’t want to let big banks benefit from this credit system they created. Any suggestions?

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Roughly How Many Active Companies Are In Business In The United States?


According to Google there are 307,006,550 people in the United States. I’d like to know roughly how many active companies are in business in the United States?
Extra Credit: I’m trying to examine basic demographic statistics for the U.S., such as the above broken down by sectors/verticals/sub-verticals/niche-ma… by revenue, by company age, etc…

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