ACC 556 ASSIST Learn by Doing/acc556assist.com ACC 556 ASSIST Learn by Doing/acc556assist.com | Page 4

The financial statement that summarizes the changes in retained
earnings for a specific period of time is the
Question 19
Which of the following is not a common way that managers use the
balance sheet?
Question 20
Match the items below by entering the appropriate code letter in the
space provided.
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ACC 556 Chapter 2 Quiz (100% Score)

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Chapter 2 Quiz
Question 1
Cash and supplies are both classified as current assets.
Question 2
Earnings per share measures the net income earned on each share of
common stock.
Question 3
Net cash provided by operating activities takes into account that a
company must invest in capital expenditures just to maintain its
current level of operations.
Question 4