8-Net income results when
Revenues > Expenses.
Revenues < Expenses.
Assets > Liabilities.
9- Liabilities of a company are owed to
underwriters.
creditors.
debtors.
benefactors.
10- At October 1, Arcade Fire Enterprises reported stockholders’
equity of $35,000. During October, common stock of $2,000 was issued
and the company earned net income of $7,000. If stockholders’ equity
at October 31 totals $40,000, what amount of dividends were paid
during the month?
$2,000
$4,000
$5,000
$0
11 -Ethics are the standards of conduct by which one’s actions are
judged as
all of these.
honest or dishonest.