9/29/2017Ashworth College : A01.V.10.2 Introduction to Accounting : Tests & Quizzes1/65.0/ 5.0 Points5.0/ 5.0 Points5.0/ 5.0 PointsOnline Exam 2_02Return to Assessment ListPart 1 of 1 -100.0/ 100.0 PointsQuestion 1 of 20Which of the following statements is prepared first?A. Statement of Owner's EquityB. Balance SheetC. Income StatementD. None of the above
Question 2 of 20An expense should be recorded when __________.
Question 3 of 20A company has $4,500 in its Revenue account at the end of a period. The Expenses are asfollows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss. for the period is__________.
A01.V.10.2 Introduction to AccountingTests & QuizzesTests & Quizzes