Please Answer the following Questions MCQ's As Soon As Possible

Multiple Choice (2 points each) a. 1. Which of the following accounts is classified as an ASSET on the balance sheet? Income Tax Expense b. Wages Payable c. Inventory d. Retained Earnings 2. If Martin wants to know the amount of cash that Costco spent on its financing and investing activities in fiscal 2021, he should look on the company's: Income Statement Statement of Cash Flows Balance Sheet d. Generally Accepted Accounting Principles a. b. c. a. 3. Which of the following statements is TRUE? The Income Statement reports a company's Sales revenue. b. The Statement of Stockholders' Equity shows a company's assets and liabilities at a particular point in time. The Balance Sheet classifies cash inflows and outflows as Operating, Investing, and Financing. d. Dividends are shown as an expense on the Income Statement. c. 4. After the Statement of Stockholders' Equity is prepared the ending Common Stock and Retained Earnings amounts are used to prepare which other financial statement? a. Statement of Cash Flows b. Income Statement Statement of Retained Earnings d. Balance Sheet c. 5. Which of the following accounts would appear on the Income Statement? a. Interest Payable b. Wages Expense Accounts Receivable d. Dividends c. 6. On its Balance Sheet, a company reports assets of $1,000,000, liabilities of $800,000, and Retained Earnings of $130,000. What is the amount of the company's Stockholders' Equity? $870.000 b. $670,000 c. $200,000 d. $70,000 a