____ 40. Which intangible assets are amortized over their useful life? a. trademarks b. goodwill c. patents d. all o

[answerhappygod]

____ 40. Which intangible assets are
amortized over their useful life?
a.
trademarks
b.
goodwill
c.
patents
d.
all of the above
____ 41. Which of the following should
be included in the acquisition cost of a piece of equipment?
a.
transportation costs
b.
installation costs
c.
testing costs prior to placing the equipment into production
d.
all of the above
____ 42. A pension plan which promises
employees a fixed annual pension benefit, based on years of service
and compensation, is called a(n)
a.
defined contribution plan
b.
defined benefit plan
c.
unfunded plan
d.
funded plan
____ 43. A capital expenditure results
in a debit to
a.
an expense account
b.
a capital account
c.
a liability account
d.
an asset account
____ 44. During its first year of
operations, a company granted employees vacation privileges and
pension rights estimated at a cost of $20,500 and $15,000.
The vacations are expected to be taken the next year and the
pension rights are expected to be paid the next 25 years. What is
the total cost of vacation pay and pension rights to be recognized
in the 1st year?
a.
$29,500
b.
$35,500
c.
$23,500
d.
$20,500
____ 45. The journal entry a company
uses to record partially funded pension rights for its salaried
employees, at the end of the year is
a.
debit Salary Expense; credit Cash
b.
debit Pension Expense; credit Unfunded Pension Liability
c.
debit Pension Expense; credit Unfunded Pension Liability and
Cash
d.
debit Pension Expense; credit Cash
____ 46. The journal entry a company
uses to record the payment of an ordinary note is
a.
debit Cash; credit Notes Payable
b.
debit Accounts Payable; credit Cash
c.
debit Notes Payable and Interest Expense; credit Cash
d.
debit Notes Payable and Interest Receivable; credit Cash
____ 47. The process of transferring the
cost of metal ores and other minerals removed from the earth to an
expense account is called
a.
depletion
b.
deferral
c.
amortization
d.
depreciation