and $65,000 in Liabilities. How much does the company haven 6) A company has $123,000 in Assets and $65,000 in Liabilities. H Stockholders Equity? A) $123,000 B) $188,000 C) $ 58,000 D) $ 65,000 7) Beginning Retained Earnings are $31,000; sales revenues are $46,800; expenses are $43,500 and dividends paid are $2,800. How much is the net income or loss for the company? A) $ 500 B) $ 3,300 C) ($3,300) D) $34,300 8) Beginning Retained Earnings are $31,000; sales revenues are $46,800; expenses are $43,500; and dividends paid are $2,800. How much is the amount in ending Retained Earnings? A) $34,400 B) $34,300 C) $31,500 D) $28,200 9) The net income figure is needed to prepare: A) a Balance Sheet. B) a Statement of Stockholders' Equity C) a Statement of Liabilities. D) some other report. 10) Which of the following financial statements illustrates the accounting equation? A) Statement of Stockholders' Equity B) Income Statement C) Balance Sheet D) Statement of Cash Flows 11) Of the financial statements, which is dated as of a specific date? A) Statement of Cash Flows B) Income Statement C) Balance Sheet D) Statement of Stockholders' Equity 12) The correct order for the preparation of financial statements is: 1. Statement of Cash Flows 2. Income Statement 4. Statement of Stockholders' Equity 3. Balance Sheet A) 4,3, 2, 1. B) 1,2,3,4. C) 2,3, 4, 1. D) 2, 4,3, 1