1. Which of the following best represents a cash flow from investing activities for Deshauns Tuxedo business? A. The company purchases a factory for $2 Million B. A shark invests $170,000 into the company in exchange for 20% equity C. JP Morgan Chase provides a loan of $50,000 to the company D. Both A and B E. Both B and C

2. Which of the following is necessary to calculate a companys Quick Ratio: A. Revenues B. Accounts Receivable C. Inventory D. Both A & B E. Both B & C

3. Which of the following best describes the journal entry to record the declaration of a $20,000 dividend on April 1, 2023 to be paid on September 1, 2023? A. April 1, 2023: Debit Dividends $20,000; Credit Dividends Payable $20,000 B. April 1, 2023: Debit Dividends $20,000; Credit Cash $20,000 C. September 1, 2023: Debit Dividends $20,000; Credit Dividends Payable $20,000 D. September 1, 2023: Debit Dividends $20,000; Credit Cash $20,000 E. None of the Above

4. Which of the following is considered a part of the financial statements? A. The Statement of Financial Position B. The Footnotes to the Financial Statements C. Managements Discussion and Analysis D. Both A & B E. Both B & C

5. The amount by which assets exceed liabilities A. Net Income B. Total Revenues C. Operating Income D. Net Loss E. Owners Equity