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can these questions please be answered in a timely manner? 1. Which of the following is a required financial statement? Statement of Cash Flows Statement

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can these questions please be answered in a timely manner?

1. Which of the following is a required financial statement? Statement of Cash Flows Statement of Auditor Independence Statement of Revenues and Expenditures Statement of Assets and Liabilities Statement of Tangible Equity 2. Which of the following items reduces Net Income? (check all that apply) Expenses Dividends Revenues Liabilities Stockholders' Equity 3. What are Revenues in the table below? 40 Not enough information 140 110 125 4. Which of the following transactions violates the balance sheet equation? (check all that apply) Increase cash and reduce contributed capital Increase a liability and increase a revenue Increase an expense and reduce a liability Reduce cash and reduce an expense Increase retained earnings and increase a liability 5. Which of the following are liabilities? (check all that apply) Retained Earnings Common Stock Employment Contracts Salaries Payable Prepaid Rent 6. Which of the following accounts would be increased with a Credit? (check all that apply) Revenue Additional Paid-in Capital Inventory Notes Payable Prepaid Rent 7. Which of these journal entries represent paying cash to buy an asset? (check all that apply) Dr. Cash 300 Cr. Inventory 300 Dr. Cash 2000 Cr. Common Stock 2000 Dr. Truck 5000 Cr. Cash 5000 Dr. Prepaid Insurance 500 Cr.Cash500 Dr. Advances from Customers 50 Cr. Cash 50 Which journal entry reflects the following transaction?: BOC sold 10,000 shares of $1 par value stock to investors for $5 per share. Dr. Common Stock 10,000 Dr. Additional Paid-in Capital 40,000 Cr. Cash 50,000 Dr. Cash 50,000 Cr. Common Stock 10,000 Cr. Additional Paid-in Capital 40,000 Dr. Cash 10,000 Cr. Common Stock 10,000 Dr. Cash 50,000 Cr. Common Stock 40,000 Cr. Additional Paid-in Capital 10,000 Dr. Cash 50,000 Cr. Common Stock 50,000 9. Which journal entry reflects the following transaction?: BOC bought a $75,000 piece of equipment with cash. Dr. Inventory 75,000 Cr. Cash 75,000 Dr. Cash 75,000 Cr. Inventory 75,000 Dr. Equipment 75,000 Cr. Cash 75,000 Dr. Prepaid Expense 75,000 Cr. Cash 75,000 Dr. Cash 75,000 Cr. Equipment 75,000 10. Which journal entry reflects the following transaction?: BOC paid $3,000 upfront for next year's rent. Dr. Cash 3,000 Cr. Rent Expense 3,000 Dr. Cash 3,000 Cr. Prepaid Rent 3,000 Dr. Rent Expense 3,000 Cr. Cash 3,000 Dr. Prepaid Rent 3,000 Cr. Cash 3,000 Dr. Rent Revenue 3,000 Cr. Cash 3,000

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