RIAH Accounting LLC: Internship Assessment
RIAH Accounting Internship Assessment
Test your knowledge and understanding of key accounting concepts with our RIAH Accounting LLC Internship Assessment quiz. Perfect for aspiring accountants, this quiz assesses your grasp of financial principles and accounting practices.
Key Features:
- 10 challenging questions
- Multiple choice and text-based answers
- Instant scoring at the end of the quiz
Joseph brought a new gaming computer. The one he chose was $2,135. He had to pay a sales tax of 12.4%. What was the amount of sales tax he paid on the gaming computer?
$264.74
$389.12
$98.03
$88.98
On June, 30, 2022, ABC Corporation issued $212,000 of 4%, 3-year bonds at 100. Interest is payable semi-annually. The journal entry to record the semiannual interest payment on December 31, 2022 would credit
Interest Expense for $4,240
Bonds Payable for $4,240
Cash for $4,240
Investments for $4,240
An accountant is preparing adjusting journal entries. Which of the following entries could not possibly be a correct adjusting journal entry?
A
B
C
D
$76,000
$68,000
$60,000
$52,000
A company’s weekly payroll of $818 is paid on Fridays. There are five days in a pay period. Assume that the last day of the month falls on Wednesday. Which of the following is the required adjusting entry?
Debit Unpaid Salaries and credit Salaries Payable for $818
Debit Salaries Expense and credit Salaries Payable for $818
Debit Salaries Expense and credit Salaries Payable for $818
Debit Salaries Payable and credit Salaries Expense for $818
What is the amount of Income from Operations that a company should report on its current year multiple-step income statement based on the following data?
$351,899
$200,000
$112,444
$129,450
A single deposit of $800 made at the beginning period 1 would grow to how much at the end of three years, assuming a 12 percent interest rate?
$3,040
$819
$1,124
$2,124
What is Hasbro’s debt-to-total assets ratio for 2010?
60.5%
61%
33%
32.5%
What is cost of goods sold under LIFO?
$1,100
$1,700
$1,500
$2,100
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