Question
Hi, I have a test regarding my managerial accounting and I have the following questions 8-Retained earnings are a general claim against________. A. creditors B.
Hi, I have a test regarding my managerial accounting and I have the following questions
8-Retained earnings are a general claim against________.
A.creditors B.paid in capital C.total assets D.stockholders
9-On a classified balancesheet, the Equipment account is reduced by________. A.Allowance for Doubtful Accounts B.Depreciation Expense
C.Allowance for Bad Debts D.Accumulated Depreciation
10-Unsecured debt holders are creditors who have________. A.a specific claim against particular assets B.a general claim against fixed assets only C.a specific claim against fixed assets only D.a general claim against total assets11- Treasury stock is shown on the balance sheets as a deduction from________. A.total assetsB.total current assetsC.totalstockholders'equityD.total liabilities
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