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Practice quiz Ch 6

Practice quiz Ch 6 - ECAMP PRINCIPLES OF ACCOUNTING I...

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ECAMP PRINCIPLES OF ACCOUNTING I ACT-2291-XTIA 09/T5 (DANIEL) (ECAMP-ACT2291XTIA-09T5) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: PRACTICE QUIZ FOR CHAPTER 6A
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Review Assessment: PRACTICE QUIZ FOR CHAPTER 6A 6/23/09 6:04 PM PRACTICE QUIZ FOR CHAPTER 6A Completed 28 out of 100 points Questio n 1 0 out of 4 points Net income plus operating expenses is equal to Selected Answer: Correct Answer: Questio n 2 0 out of 4 points A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330. The cost of merchandise purchased is equal to Selected Answer: Correct Answer: Questio n 3 0 out of 4 points A company, using the periodic inventory system, has merchandise inventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is
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Questio n 3 0 out of 4 points Selected Answer: Correct Answer: Questio n 4 4 out of 4 points Office salaries, depreciation of office equipment, and office supplies are examples of what type of expense?
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