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QUESTION 1

To prepare the entire Journal, select:

		Reports Center > Accountant & Taxes > Journal
		Company Center > Company & Financials > Journal
		Reports Center > Company & Financials > Journal
		Company Center > Accountant & Taxes > Journal

QUESTION 2

What is owner's equity?

		What a company owes
		What remains after the liabilities are satisfied
		What a company owns
		None of the choices are correct

QUESTION 3

The Statement of Cash Flows lists:

		Operating, Investing, and Financing Activity
		Assets, Liabilities, and Owner's Equity
		Income, Expenses, Liabilities
		Gains, Losses, and Net Income

QUESTION 4

The Balance Sheet lists:

		Assets, Liabilities, and Owner's Equity
		Gains, Losses, and Net Income
		Operating, Investing, and Financing Activity
		Income, Expenses, Liabilities

QUESTION 5

Cash inflows and outflows related to the company's primary business are categorized as cash flows from:

		Investing activities
		Financing activities
		Sales activities
		Operating activities