ACCT 301 Week 2 Quiz
ACCT 301 Week 2 Quiz
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Write My Essay For Me- (TCO 1) Which of thefollowing would not be considered an external user of accounting data for XYZCompany?
- (TCO 1) The cost ofassets consumed or services used is also known as _________.
- (TCO 1) The financialstatement that summarizes the changes in retained earnings for a specificperiod of time is the _________.
- (TCO 1) Pinson Companybegan the year with retained earnings of $210,000. During the year,
the company recordedrevenues of $300,000, expenses of $228,000, and paid dividends of $24,000. Whatwas Pinson’s retained earnings at the end of the year?
- (TCO 4) Which of thefollowing statements is not true?
- (TCO 4) Using thefollowing balance sheet and income statement data, what is the current ratio?Current assets $7,000 Net income $12,000 Current liabilities 4,000Stockholders’ equity 21,000 Total assets 30,000 Total liabilities 9,000 Averagecommon shares outstanding was 10,000
- (TCO 4) Using thefollowing balance sheet and income statement data, what is the total amount ofworking capital? Current assets $7,000 Net income $12,000 Current liabilities4,000 Stockholders’ equity 21,000 Total assets 30,000 Total liabilities 9,000Average common shares outstanding was 10,000
- (TCO 4) Using thefollowing balance sheet and income statement data, what is the debt to totalassets ratio? Current assets $7,000 Net income $12,000 Current liabilities4,000 Stockholders’ equity 21,000 Total assets 30,000 Total liabilities 9,000Average common shares outstanding was 10,000
- (TCO 2) Powers Companypaid its office rent of $1,000 with cash. As a result of this event, _________.
- (TCO 2) Which accountsnormally have debit balances?
- (TCO 2) In the firstmonth of operations, the total of the debit entries to the cash accountamounted to $700 and the total of the credit entries to the cash accountamounted to $300. The cash account has a _________
- (TCO 2) A trial balancewould only help in detecting which one of the following errors?
- (TCO 3) From an internalcontrol standpoint, the asset most susceptible to improper diversion and use is_________
- (TCO 3) Ron Jones hasbeen a trusted employee for over 10 years. He is responsible for orderingmerchandise inventory, receiving the inventory items, and authorizing thepayment for these items. Which internal control principle, if any, is beingviolated?
- (TCO 3) A check writtenby the company for $167 is incorrectly recorded by a company as $176. On thebank reconciliation, the $9 error should be
________________________________________
ACCT 301 Entire Course Essentials in Accounting
ACCT 301 Week 1 Homework
ACCT 301 Week 2 Discussion Internal Controls
ACCT 301 Week 2 Homework
ACCT 301 Week 2 Quiz
ACCT 301 Week 3 Discussion Financial Statement Analysis
ACCT 301 Week 3 Homework
ACCT 301 Week 4 Discussion Managerial Accounting
ACCT 301 Week 4 Homework
ACCT 301 Week 4 Midterm Exam (3 Sets)
ACCT 301 Week 5 Discussion Budgets and Productivity
ACCT 301 Week 5 Homework
ACCT 301 Week 6 Discussion Pricing
ACCT 301 Week 6 Homework
ACCT 301 Week 6 Quiz
ACCT 301 Week 7 Discussion Capital investment and Incremental
ACCT 301 Week 7 Homework
ACCT 301 Week 8 Discussion Looking Ahead
ACCT 301 Week 8 Final Exam
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