1. The following are contra asset accounts/contra liability accounts, except for: * a. Allowance for doubtful accounts b. Accumulated Depreciation c. Discount on bonds payable d. Share dividend payable 2. The following are needed to be disclosed in FS except for: * a. Allowance for doubtful accounts b. Inventory valuation c. All of the above d. None of the above 3. The following are needed to be disclosed in FS except for: * a. Earnings per share d. None of the above 3. The following are needed to be disclosed in FS except for: * a. Earnings per share b. Interest rate and maturity date of bonds payable c. Number of shares authorized in shares of capital d. All of the above e. None of the above 4. Accounting policies used should be disclosed in FS, true or false: * True False 5. Probable loss of contingency 5. Probable loss of contingency should be disclosed in FS. True or false * True False 6. Which of the following should not be disclosed in the Share of Capital Stock: * a. Number of shares authorized b. Number of shares issued and outstanding c. Par value or Stated value d. All of the above 6. Which of the following should not be disclosed in the Share of Capital Stock: * a. Number of shares authorized b. Number of shares issued and outstanding c. Par value or Stated value d. All of the above e. None of the above 7. Treasury bills that are nearly maturing are forms of: * a. Cash b. Cash equivalents c. Short term Investments d. Receivables 8. Land should be presented as: a. Land b. Land and Building * c. Land and Building (depreciation: XXX) d. Land, Property, Plant and Equipment 9. "Current Portion Of Long Term Debt" should be presented as: * a. Current Asset b. Current Liability c. Non-Current Asset d. Non-Current Liability Option 5 9. "Current Portion Of Long Term Debt" should be presented as: * a. Current Asset b. Current Liability c. Non-Current Asset d. Non-Current Liability Option 5 10. Which is true about Land held for investment purposes"? * a. Presented as part of Land b. Presented as Land less depreciation c. Presented as Inventory d. Presented as Investment