1. Which company, A, B, or C might have a revenue recognition issue? a. Company A b. Company B c. Company C 2. Company C pays no dividends and has no comprehensive income. How much did they likely earn in 2019? a. $8,440,461 b. $0 c. no income statement provided, impossible to answer d. -$41,544

3. Which company likely has the least sustainable cashflow from operations? a. A - because inventory is not being replaced b. B - because debt is increasing c. C - because goodwill is increasing 4. At year end, 2021, the net realizable value (market value) of Company As inventory is $2000. a. Their inventory is being accounted for correctly on the balance sheet. b. Their inventory needs to be impaired and a potential loss taken to the income statement. c. Their inventory needs to be re-evaluated and a potential gain taken on the income statement 5. At year end, 2020, the net realizable value (market value) of Company As inventory is $2000. a. Their inventory is being accounted for correctly on the balance sheet. b. Their inventory needs to be impaired and a potential loss taken to the income statement. c. Their inventory needs to be re-evaluated and a potential gain taken on the income

COMPANY A COMPANY B COMPANY C