Accounts Payable $4,400 Salaries Expense 12,800 Cash 1,700 Common Stock 2,400 Service Revenue 8,300 Supplies 4,300 Retained Earnings 1,100 Utilities Expense 5,000 250) How many of these accounts would appear in a year end income stateme Accounts Payable $4,400 Salaries Expense 12,800 Cash 1,700 Common Stock 2,400 Service Revenue 8,300 Supplies 4,300 Retained Earnings 1,100 Utilities Expense 5,000 250) How many of these accounts would appear in a year end income statement A) Three B) Four C) Five D) Two Temporary accounts are found On neither the Balance Sheet and Income Statements On the Balance Sheet On the Income statesmen On both the Balance Sheet and Income Statements Which is true about the Cash Flow Statement It shows all significant changes to the company, including noncash items It only shows items that are cash flows to the firm In an installment loan later payments pay the same principal as earlier payments later payments pay less principal than earlier payments later payments pay more principal than earlier payments it depends on the interest rate A company in NY is buying goods from a Japanese company The goods are sold FOB San Francisco port The freight from Japan to San Francisco is an asset, the freight from San Francisco to New York is an expense The freight from Japan to San Francisco is an expense, the freight from San Francisco to New York is an Asset Both the freight from Japan to San Francisco and from San Francisco to New York are assets Both the freight from Japan to San Francisco and from San Francisco to New York are expenses Cost of goods sold $420,000 Sales revenue 800,000 Nonoperating expenses 10,000 Operating expenses 170,000 Income tax expense 80,000 220) What is operating income A) $210,000 B) $200,000 C) $380,000 D) $120,000 The correct order from the smallest number of shares to the largest number of shares is Issued, authorized, and outstanding B) Authorized, issued, and outstanding C) Issued, outstanding, and authorized D) Outstanding, issued, and authorized

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Posted on Jul 30, 2024

250)

How many of these accounts would appear in a year-end income stateme

250)

How many of these accounts would appear in a year-end income statement?

A) Three. B) Four. C) Five. D) Two.

Temporary accounts are found
1. On neither the Balance Sheet and Income Statements
2. On the Balance Sheet
3. On the Income statesmen
4. On both the Balance Sheet and Income Statements

Which is true about the Cash Flow Statement?
1. It shows all significant changes to the company, including noncash items
2. It only shows items that are cash flows to the firm.

In an installment loan
1. later payments pay the same principal as earlier payments
2. later payments pay less principal than earlier payments
3. later payments pay more principal than earlier payments
4. it depends on the interest rate
A company in NY is buying goods from a Japanese company. The goods are sold FOB San Francisco port
1. The freight from Japan to San Francisco is an asset, the freight from San Francisco to New York is an expense
2. The freight from Japan to San Francisco is an expense, the freight from San Francisco to New York is an Asset
3. Both the freight from Japan to San Francisco and from San Francisco to New York are assets
4. Both the freight from Japan to San Francisco and from San Francisco to New York are expenses
Cost of goods sold

$420,000

Sales revenue

800,000

Nonoperating expenses

10,000

Operating expenses

170,000

Income tax expense

80,000

220)

What is operating income?

A) $210,000. B) $200,000. C) $380,000. D) $120,000.
The correct order from the smallest number of shares to the largest number of shares is:
1. Issued, authorized, and outstanding. B) Authorized, issued, and outstanding.
C) Issued, outstanding, and authorized. D) Outstanding, issued, and authorized.