X Blackboard + XCO Question Completion Status: Ending stockholders' equity may be found in the: A A. statement of retained earnings . B. balance sheet C. income statement OD. Two of the above E. None of these QUESTION 10 Net income may be found in the: A balance sheet and income statement OB. Income statement and statement of retained earnings C. Income statement and balance sheet D. balance sheet and statement of retained earnings E. None of these. QUESTION 11 Which of the following are NOT a Statement of Cash Flow purpose or goal? a. predict future cash flows b. reconciles with retained earnings c. used in management decisions d. predicts ability to pay for lenders and stockholders Click Save and Submit to save and submit. Click Save All Answers to save all answers. Blackboard XCIO * Question Completion Status: 10 2 30 40 50 60 70 80 90 10 11 QUESTION 2 The Income Summary account: A. will always have a credit balance B. will appear on a company's balance sheet OC. will receive entries only during the closing process O D. both A and C E. None of these. - QUESTION 3 Conner Corporation's adjusted trial balance included the following ito Goodwill (547,000), Interest expense ($4,000), Interest payable ($2,00 earnings (546,000), Rent expense (518,000), Revenues ($101,000), and For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT TT Paragraph Arial 3 (12pt) - %DOQO TT, 25 Property.plantsm and equipment 1,23,000 47,000 Goodwill Total 3,02,000 Path: P lackboard XCO Question Completion Status: The current ratio reflects current labinies divided by current assets. True False QUESTION essed in the operation honey or the operating cewe Property, plant and event conf True False QUESTION 7 Bel Company accrued wares of $500 of December 31. The next payday, January term pad 32.500 inwages. The company makes reversing entries. The preper entry Aa debit to Wage Expense of $2.500 OB. a debit to wages Payable of $500 cadebt to wagexpense of 12.000 D. a debt to Wages Payable of $2.000 OL None of these QUESTIONS ance of retained earnings shown in the statement of retained ei Gia Save and Subto t Cleave Alt sove ones |4 | 5 | 6 Blackboard * XCIO A Question Completion Status: QUESTION 14 The section of the statement of cash flows includes increases and decreases in long-term assets. financing activities Investing activities operating activities non-cash operating activities QUESTION 15 The operating activities section of the statement of cash flows includes activities that create revenue or expenses for the entity's business. True False QUESTION 16 The statement of cash flows helps users - predict future net income evaluate management decisions predict the growth of a company's assets evaluate the company's earnings per share QUESTION 17 on of the statement of cash flows. The cash paid for the purchase of equipment will typically be shown in the investin True False Click Save and Submit to save and submit. Click Save