6.Which of the following are considered Current assets?

A.Cash, Buildings, Accounts Receivable.

B.Cash, Accounts Payable, Inventory.

C.Cash, Accounts Receivable, Inventory.

D.,. Buildings, Land, Cash.

7 which of the following are considered Non-current assets?

A.Buildings, Land, Cash.

B.Buildings, Land, Equipment.

C.Land, Equipment, Accounts Receivable.

D.None of the above.

8.Assuming a company had net income for the current year, then Ending Retained Earnings is calculated as follows:

A Beginning Retained Earnings + Dividends.

B. Beginning Retained Earnings - Net income - Dividends.

C.Beginning Retained Earnings -Net income.

D.None of the above.

9.The multiple-step format provides several intermediate profit measures including:

A.Gross profit.

B.Operating profit.

C.Earnings before income tax.

D.All of the above.

10. A common size income statement is created by dividing each of the line items on the income statement for a year by

A.Net sales or net revenue.

B.Total expenses.

C.Stockholder Equity.

D.None of the above.