Question:Question 11 point

Neosho River Resort's total assets are:

$ 14,840

$ 44,520

$ 37,120

$135,120

1 point

Question 2

Neosho River Resort's total liabilities are:

$ 4,220

$ 6,020

$ 13,420

$ 76,020

1 point

Question 3

Neosho River Resort's net income is:

$135,120

$70,000

$76,500

$ 1,900

1 point

Question 4

Neosho River Resort's total revenue is:

$ 76,500

$ 70,000

$ 1,900

$ 44,520

1 point

Question 5

Neosho River Resort's total expenses are:

$ 70,600

$ 74,600

$ 1,900

$ 55,700

1 point

Question 6

Neosho River Resort's ending Stockholders' Equity is:

$135,120

$ 47,100

$ 31,100

$ 16,000

1 point

Question 7

Neosho River Resort's Total Liabilities and Stockholders' Equity is:

$135,120

$ 37,120

$ 31,100

$ 6,020

1 point

Question 8

In preparing their financial statements, Neosho River Resort would prepare which statement first?

Balance Sheet

Statement of Retained Earnings

Income Statement

Either the Income Statement orStatement of Retained Earnings

1 point

Question 9

In order to prepare theStatement of Retained Earnings, Neosho River Resort must calculate:

Total Asset Balance

Total Liability Balance

Ending Equity Balance

Net Income

1 point

Question 10

Dividendswould be:

Added in theStatement of Retained Earnings

Subtracted on the income statement

Added on the income statement

Subtracted in theStatement of Retained Earnings