Please answer all questions

iuits of the Income statement are A) operating section, nonoperating section, discontinued operations, extraordinary items and cumulative effect B) revenues, expenses, gains, and losses. C) revenue, cost of goods sold, selling expenses, and general expense D) revenues, irregular items, and general expenses. 7. Which of the following is a contra account? A) Patents Premium on bonds payable Unearned revenue B) Dy Accumulated depreciation 8. Comprehensive income includes all of the following except A) B) unrealized holding gains. dividend revenue. C) D) investments by owners. losses on disposal of assets. 9. The correct order to present current assets is A) cash, accounts receivable, inventories, prepaid items cash, accounts receivable, prepaid items, inventories. cash, inventories, prepaid items, accounts receivable. D) cash, inventories, accounts receivable, prepaid items. 10. Gross billings for merchandise sold by Lang Company to its customers last year amounted to O $11,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000. Net sales last year for Lang Company were $11,035,000. B) S11,350,000. C) S11,720,000. D) S11,175,000. 11. Collection of a loan is reported as an investing activity in the statement of cash flows. Trhe B) False 12. Lohmeyer Corporation reports: Cash provided by operating activities Cash used by investing activities Cash provided by financing activities Beginning cash balance What is Lohmeyer's ending cash balance? A) $350,000. (B) $420,000. C) $570,000. D) $640,000. S320,000 110,000 140,000 70,000