MULTIPLE CHOICE. Choose the one altermative that best eompletes the statement or a question nswers the 1) Depreciation, a type of expense account, is included in the category. 1) A) research and development B) general and administrative C) interest D) selling E) retained 2) At the end of each accounting period, the dollar amounts in all the revenue and expense 2) accounts are moved into an account called A) retained expense. B) net earnings. C) net expense. D) interest expense E) retained earnings. 3) Christy's Craft Company is paying off its long-term debt from the bank loan Christy3) secured to open the business several years ago. What does this scenario indicate? A) Christy's Craft Company is going out of business. B) Christy's Craft Company has a positive amount of cash from investing activities. C) Christy's Craft Company has a negative amount of cash from financing activities. D) Christy's Craft Company has a negative amount of cash from operating activities. E) Christy's Craft Company has a positive amount of cash from financing activities. 4) Debbie's Doormats has a high inventory turnover ratio because Debbie frequently sells 4) and replaces her inventory over the course of a year. Which of the following might this scenario indicate? A) low levels of productivity B) great efficiency C) low efficiency D) inability to collect payments on credit sales E) lost income due to overstocking 5) All of the following are part of "the Big Four" EXCEPT 5) A) PricewaterhouseCoopers B) Plante Moran. C) KPMG. D) Ernst & Young. E) Deloitte