Question
ACC202 Intermediate Accounting I 1. Which of the following would be an example of an operating activity? a. Issuance of long-term bonds b. Issuance of
ACC202 Intermediate Accounting I
1. Which of the following would be an example of an operating activity?
| a. | Issuance of long-term bonds |
| b. | Issuance of common stock |
| c. | Payment of cash dividends |
| d. | Selling products on account |
2. Which of the following is not presented in a Balance Sheet?
| a. | Revenues |
| b. | Assets |
| c. | Liabilities |
| d. | Prepaid Expenses |
3. Which of the following is presented in an Income Statement?
| a. | Prepaid expenses |
| b. | Liabilities |
| c. | Fixed Assets |
| d. | Gains |
4. Which of the following would be classified as a current asset on a classified balance sheet?
| a. | Inventory |
| b. | Long-term investments |
| c. | Equipment |
| d. | Furniture |
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
