Which of the following statements best describes an independent accountant? a. An accounting professional who conducts an examination of a company's financial statements b. A person who works for the corporation and prepares reports for management c. An employee who conducts an internal evaluation of the work done by other company employees d. An Internal Revenue Service tax agent On an ongoing basis, publicly traded corporations must file a variety of financial information, including audited financial statements, with the Securities and Exchange Commission (SEC). On which form is the annual report filed? O a. Form 10-K b. Federal income tax return c. Form 10-Q d. Form 8-K Owners of a company contribute capital in one of two ways. Which of the following is one of those ways? O a. By contributing a salary b. Through accounts receivable collections c. Indirectly, by the company retaining some or all of the net income d. Stockholder salaries If Duke Company has $33,000 in net sales, $20,000 in cost of goods sold, and $5,000 in selling expenses, what is Duke's gross margin? a. $13,000 b. $33,000 c. $8,000 d. $53,000 Using the following information, determine the amount of liabilities on the balance sheet. Cash equals $3,000; liabilities equal $2,000; inventories equal $1,000; and land equals $22,000. a. $24,000 b. $28,000 c. $3,000 d. None of these choices are correct. The demand for accounting information comes from a. inside the business only. b. both inside and outside of the business. c. outside the business only. d. corporate management only. Which of the following best describes a company's investing activities? a. The payment of interest b. The acquisition or sale of investments and long-term assets c. Obtaining capital for the company d. Activities directly related to earning income