1. The primary users of financial accounting are ?

A. employees and customers

B. governments and local communities

C. management and competitors

D. creditors and investors

2. use the following appropriate amounts to calculate the net income. Assets 20,000, liabilities 12,000, revenues 32,000, total expenses 13,000, dividends 2500

A. 45,000

B. 19,000

C. 16,500

d. 21,500

3. Which of the following statements best describe liabilities?

A. cost of doing business

B. owners ' claims to resources

C.distribution to stockholders

D. creditors to resources

Spring Corporation started the year with $150,000 common stock and $30,000 retained earnings. During the year, the company reported a net income of $35,000 and distributed dividends of 515,000 and issued additional common stock of $25,000. What is stockholders' equity at the end of the year? O A $250,000 O B. $225,000 O C. $200,000 OD. $250,000 The supplies account has a beginning balance of $6,000 and the company purchases additional supplies for $7,000 during the month. If the company has a remaining balance of supples of $2,000 at the end of the period, what is the amount of supplies used during the period? O A $11,000 OB. 56,000 OC 59,000 OD. $13,000