1. 2. 3. 4. 5.

Questions 1-5 please. Thank You.

Which of the following statements would be true if you own stock in a company? Oa. You have the right to receive interest on an annual basis. Ob. You have the right to a portion of the company's revenues each accounting period. Oc. You are an owner of the retained earnings and capital stock of the company. Od. You have a claim to the assets of the business. Which of the following statements is true regarding a bond? Oa. A bond is a certificate that represents a corporation's promise to repay a certain amount of money and interest in the future. Ob. A bond is a certificate that acts as evidence of ownership in a corporation. Oc. Bondholders receive dividends semiannually. Od. If you buy a bond from a company, you are borrowing money from the company. The outflow of assets resulting from the sale of products and services is called a(n) Oa. asset. Ob. expense. Oc. liability. Od. revenue. The preparation of financial statements requires that the information be understandable Oa. only to CPA's. Ob. only to financial analysts and brokers. Oc. to those willing to spend the time to understand it. Od. only to those who take an accounting course. Which of the following is a current asset? Oa. Office Supplies Ob. Truck Oc. Building Od. Land