Multiple Choice
The manager preparing the financial statements receives a bonus based on net income.Which of the following accounting decisions could he use to increase his bonus?
A) Not recognize revenue until all the cash is collected.
B) Pick a longer life for the depreciation of fixed assets.
C) Pay out the maximum amount of dividends possible.
D) Delay the payment of expenses as long as possible.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: Manitoba Ltd lent $100,000 to Winnipeg Inc
Q62: Pear Inc declared and paid a $10,000
Q63: Which of the following would be used
Q64: Davos Limited had $1,500 in prepaid rent
Q65: Where is there a chronological record of
Q67: As at August 31st Provence Products
Q68: Cosmos Computer Consulting (CCC) is preparing their
Q69: Bigwin Inc had a loan outstanding during
Q70: Able Inc has a December 31st year-end.They
Q71: At the end of the month BBB