Question
1. The account that reflects the amount the owners have invested in the business is: Capital Stock ? A. Capital stock B. Retained earnings C.
1. The account that reflects the amount the owners have invested in the business is: Capital Stock ?
A. Capital stock |
B. Retained earnings |
C. Long-term liabilities |
D. Long-term assets |
E. None of the above |
Which of the following ratios depicts investment efficiency? Asset Turnover
A. Asset turnover |
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B. Current |
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C. Quick |
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D. Payout |
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E. None of the above |
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Projecting inventory levels for next year would be an example of - I think Managerial
A. Financial accounting |
B. Managerial accounting |
C. Tax accounting |
D. None of the above |
Arson Incorporated's balance sheet lists assets at historical cost less accumulated depreciation. This GAAP is known as I think Conservatism ?
A. Monetary concept |
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B. Economic entity |
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C. Going concern |
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D. Conservatism |
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E. None of the above |
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Which of the following is a source of cash? I think Increase in accounts payable
A. Increase in accounts receivable |
B. Increase in inventories |
C. Increase in accounts payable |
D. None of the above |
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