Dividends are reported on the balance sheet income statement. retained earnings statement. income statement and balance sheet. Incorrect. Please review Top Ten Concept # 1. Relevant accounting information must be reported with the operating cycle or one year, whichever is longer. has been objectively determined. is information that has been audited. Incorrect. Please review Top Ten Concept # 3. is information that is capable of making a difference in a business decision. If $5,000 is put in a savings account paying interest of 4% compounded annually, what amount will be in the account at the end of 5 years? (Round to the nearest dollar.) 4%, 5 years Factor annually Present value 0.822 of $1 Future value 1.217 of $1 Present value 4.452 of an annuity Future value 5.416 of an annuity $6,000 $4,110 None of the options listed $6,077 Incorrect. Please review Top Ten Concept # 7. $6,085 Working capital includes all of the following accounts except: Accounts Payable Incorrect. Please review Top Ten Concept # 9. Accounts Receivable Merchandise Inventory Retained Earnings Cash If a plant asset is retired and is fully depreciated a gain on disposal will be recorded. no gain or loss on disposal will be recorded. phantom depreciation must be taken as though the asset were still on the books. a loss on disposal will be recorded. Incorrect. Please review Top Ten Concept # 11