assignment4 - INTERMEDIATE ACCOUNTING Assignment #4 (CH4)...

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1/4 INTERMEDIATE ACCOUNTING Assignment #4 (CH4) Due date: Oct 20, 2009 (Tuesday) Student name: Student ID: Please write your answer in each blank 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 1. Information in the income statement helps users to a. evaluate the past performance of the enterprise. b. provide a basis for predicting future performance. c. help assess the risk or uncertainty of achieving future cash flows. d. all of these. 2. Which of the following is not a selling expense? a. Advertising expense b. Office salaries expense c. Freight-out d. Store supplies consumed 3. Which of the following items will not appear in the retained earnings statement? a. Net loss b. Prior period adjustment c. Discontinued operations d. Dividends 4. Comprehensive income includes all of the following except a. dividend revenue. b. losses on disposal of assets. c. investments by owners. d. unrealized holding gains.
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2/4 5. Which of the following should be reported as a prior period adjustment? Change in Estimated Lives
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This note was uploaded on 03/29/2010 for the course FINANCE 0011100110 taught by Professor Shentingchun during the Spring '10 term at Nashville State Community College.

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assignment4 - INTERMEDIATE ACCOUNTING Assignment #4 (CH4)...

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