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6 . The amount by which assets exceed liabilitiesA. Net IncomeB. Total RevenuesC. Operating IncomeD. Net LossE. Owners Equity 7 . Which of the following

6. The amount by which assets exceed liabilitiesA. Net IncomeB. Total RevenuesC. Operating IncomeD. Net LossE. Owners Equity7. Which of the following is not likely to be found on the statement of cash flows?A. Cash flows from Investing ActivitiesB. Cash flows from Creditor ActivitiesC. Cash flows from Operating ActivitiesD. Cash flows from Financing ActivitiesE. All of the Above are found in the statement of cash flows8. Which of the following is not necessary to calculate a companys Quick Ratio:A. CashB. Accounts PayableC. Accounts ReceivableD. InventoryE. All of the Above are necessary9.A dividend is best described by which of the following:A. A dividend is an equity account that represents an increase in a business retained earningsB. A dividend is an equity account that represents a decrease in a business retained earningsC. A dividend is a contra-equity account that represents an increase in a business retained earningsD. A dividend is a contra-equity account that represents a decrease in a business retained earnings10. A company will have which of the following when expenses exceed revenues?A. Net IncomeB. Total AssetsC. Cash flows from operating expensesD. Net LossE. Dividends

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