1. Which of the following is included in current assets?

		Unearned revenue
		Inventory
		Sales revenue
		Dividends
		None of the above

2. Mattel Inc.s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, and net nonoperating expense before tax of $109,491 thousand. Assume Mattels statutory tax rate for 2016 is 37%. Mattels 2016 tax shield is:

		$ 68,979 thousand
		$ 40,512 thousand
		$ 277,510 thousand
		$ 186,460 thousand
		None of the above

3. As inventory on the balance sheet are consumed, it is reflected:

		As a revenue on the income statement
		As an expense on the income statement
		As a cash flow outflow on the Statement of Cash flows
		Both B and C
		Assets are never consumed.