ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com | Page 40

Encourage employees to follow company policies
Question 1. Question : (TCO A) Which of the following accounts is
recorded as part of stockholders’ equity on the Balance Sheet?
Question 2. Question : (TCO B) For 2014, CAP Corporation reported
net income of $96,000; net sales $1,440,000; and weighted average
shares outstanding of 9,600. There were no preferred dividends. What
was the 2014 earnings per share?
Question 3. Question : (TCO C) Purchasing inventory is an example of
a(n)
Question 4. Question : (TCO D) Dividends declared are reported on
which of the following statements?
Question 5. Question : (TCO E) Which of the following describes the
normal balance and classification of the Unearned Revenue account?
Question 6. Question : (TCO F) The accrual accounting term used to
indicate recording an expense before paying cash for the item is
Question 7. Question : (TCO A) XYZ Company recorded the following
events involving a recent merchandise purchase.
Question 8. Question : (TCO B) In periods of rising prices, which of the
following inventory methods results in the highest gross profit figure?
Question 9. Question : (TCO A) Which of the following is not a current
liability?
Question 10. Question : (TCO E) Which of the following is an internal
control procedure?