Fill in the blank:

1. ___________ formula can be used to find out the ratio of return uncommon shareholders equity.

CHOICES:

A. net income- preferred dividends/average common shareholders equity.

B. net income- preferred dividends/total fixed asset.

C. net income/total sale.

D. total income*total assets.

2. A ____________ reconciles not only the ending balance but also cash receipts transactions between the accounting records and the bank?

CHOICES:

A. Asset transaction

B. Auditing year transaction

C. proof of cash

D. year end statement

3. _______________ can be done if inventory is not recorded.

CHOICES:

A. investigation of bank solution.

B. investigation of negative balances in inventory records.

C. offering sales discounts

D. writing off bad debts