Question 1)

Property, plant and equipment, are presented after ________ on the balance sheet.

Options:

1)non-current assets

2)fixed assets

3)current assets

Question 2)

Which of the following calculations would you use to compute gross profit?

Options:

1)Net sales less cost of goods sold

2)Net sales less operating expenses

3)Operating income less other income and expenses

Question 3)

Net income increases ________.

Options:

1)stockholders equity

2)total liabilities

3) gross profit

Question 4)

Intellectual property, goodwill, and long-term investments are examples of ________.

Options:

1)fixed assets

2)non-current assets

3) current assets

Question 5)

In accounting, ownership interests in the company are called ________.

Options:

1)equity

2)liabilities

3)assets