deepakthursblue6d

Revenue - Expenses =

A Income

B Assets

C. Sales

D. Gross Sales

What is the Beginning Shareholder's Capital?

A. The Capital in the company over the appointed time period.

B. The Capital in the company before the appointed time period.

C. The Capital that only a specific owner has in the company.

D. The Profit/Loss made that year.

The Issuance of Common Stock may be shown on which of the following?

A. Income Statement

B. Balance Sheet

C. Statement of Equity

D. None of the Above

Costs of Goods Sold are_________ between the production industry nd food industry.

A. different

B. alike

C. the same

D. similar

Which of the following refers to Gross Sales?

A. Total Sales with no deductions

B. Utal Sales with all deductions

C. Highest Sales with all deductions

D. Revenue less Costs

Please make sure it’s correct

Accounts Receivable are generally classified as which of the following?

A. Current Asset

B. Current Liability

C. Long-term Debt

D. Long-term Income

What Current Liability is money that you owe to a supplier?

A. Taxes Payable

B. Accounts Payable

C. Interest Payable

D. Wages Payable

The Trial Balance lists which of the following?

A. Accounts from the General Ledger

B. Sales from Income Statement

C. Expenses from Balance Sheet

D. None of the Above

Assets may be categorized into which of the following?

A. Accounts Payable

B. Inventory

C. Interest Payments

If the Cash Flow is positive on a Cash Flow Statement, it is Cash Flow_________

A. Generative

B. Debit

C. Rising

D. Negative

Which of the following is a category of Shareholder's Equity?

A. Shareholder's Capital

B. Accounts Receivable

C. Equipment

Debiting an account will increase the value of which of the following?

A. Liabilities and Shareholder's Capital

B. Assets and Expenses

C. Shareholder's Equity and Revenue

Receiving payment of orders will increase__________and decrease ______

A. Cash; Accounts Payable

B. Inventory; Cash

C. Cash; Accounts Receivable

D. Equipment; Assets

Which of the following accounts is created to ensure equilibrium in the Balance Sheet after a customer files for bankruptcy before paying their debt?

A Bad Debt Expense

B. Uncollectible Accounts Payable

C. Bankruptcy Expense

D. Uncollectible Accounts Receivable