Reference no: EM132453898
Accounting Questions -
Q1. At the end of the current accounting period, account balances were as follows: Cash, $26,000 $26,000; Accounts Receivable, $42,000; Common Stock, $19,000; Retained Earnings, $10,000. Liabilities for the period were:
A) 39,000
B) 49,000
C) 58,000
D) 68,000
Q2. Revenues were $146,000, expenses were $140,000, and cash dividends declared and paid were $3,000. What were the net income and the change in retained earnings for the period?
Q3. The accounting equation can be expressed as
A. Assets + Liabilities = Equity.
B. Assets = Liabilities-Equity.
C. Equity-Assets = Liabilities.
D. Assets - liabilities = equity
Q4. During the year, FastClean Corporation has$330,000 in revenues, $95,000 in expenses, and $6,000 in dividend declarations and payments. Net income for the year was?
Q5. What item flows from the statement of retained earnings to the balance sheet?
|
Record the transactions which occurred consecutively
: Record the following transactions which occurred consecutively. A total cash dividend of $75,000 was declared and payable to stockholders of record
|
|
Describe three clear examples of emergence
: Show how the behaviors of the parts of the system in isolation do not lead to the emergent behavior of the system,describe three clear examples of emergence
|
|
Critical analysis reflective paper assignment
: Critical analysis reflective paper Assignment Help - Changing nature of the workplace - discuss the implications for workplace skills and management education
|
|
Describe the task or service the gadget will perform
: Would anyone besides you want to have this gadget to do the task you invented it for?Explain how you know that a market does or does not exist for the invention
|
|
What were the net income and the change in retained earnings
: Cash dividends declared and paid were $3,000. What were the net income and the change in retained earnings for the period
|
|
Discuss relevant information to simple hypothesis
: The theory section should include more than a simple hypothesis, however, and should discuss relevant information already known from previously published works
|
|
What adjustment is necessary for Loud equipment account
: Tarp Company acquired 90% of Loud Company on January 1, 20X3, for $234,000 cash. What adjustment is necessary for Loud equipment account
|
|
What is one way that the component of how specialization
: What is one way that the component of how specialization (for providers and hospitals), affects continuity of care?
|
|
Article on universal intellectual standards
: From the article on Universal Intellectual Standards, the standard I chose was
|