Biology Forums - Study Force

A computer abuse technique called _____________________________ _ involves a programmer's inserting special code or passwords in a computer program that will allow the programmer to bypass the security features of the program.
 Fill in the blank(s) with correct word

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(Q. 2) Rigby Company purchased merchandise from a supplier in Hong Kong with an invoice cost of 10,000 and shipping terms of FOB destination. The freight costs amount to 1,000. Rigby should record inventory at a cost of ________.
 
  A) 11,000
  B) 10,000
  C) 9,000
  D) 1,000

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(Q. 3) Whether the wage-bracket method or some other method is used in computing the amount of tax to be withheld, the sum of the taxes withheld from an employee's wages is only an approximation of what the employee's actual taxes will be for the year.
 a. True
   b. False
   Indicate whether the statement is true or false

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(Q. 4) Long-term assets, like factories and equipment, are purchased for resale to customers in the normal course of operations.
 
  Indicate whether the statement is true or false

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(Q. 5) One negativeeffect of carrying too much inventory is risk that customers will change their buying habits.
 a. True
  b. False
 
   Indicate whether the statement is true or false

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(Q. 6) Y Company has the following accounting balances at the end of the year before adjustments:
 
  Accounts receivable  25,000
  Allowance for uncollectible accounts (1,000)
  Net sales 200,000
  Bad debts expense 0
 
  The company estimates that 20 of accounts receivable will be uncollectible. After the correct adjusting entry has been made, which of the following is correct about Bad debts expense for the year and Allowance for uncollectible accounts at the end of the year?
  A) Bad debts expense will be 4,000 on the income statement and Allowance for uncollectible accounts will be (5,000) on the balance sheet.
  B) Bad debts expense will be 4,000 on the income statement and Allowance for uncollectible accounts will be (4,000) on the balance sheet.
  C) Bad debts expense will be 5,000 on the balance sheet and Allowance for uncollectible accounts will be (5,000) on the income statement.
  D) Bad debts expense will be 5,000 on the income statement and Allowance for uncollectible accounts will be (5,000) on the balance sheet.

1)  back door

2)  B

3)  TRUE

4)  FALSE

5)  TRUE

6)  A

:sweat:  Can you answer the others that I've posted too?

I'll take a quick look at them