quizz 1.4 - 1. Debt securities sold to investors that must...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1.  Debt securities sold to investors that must be repaid at a particular date some years in the future are called A)  bonds payable.   B)  accounts payable.   C)  notes receivable.   D)  taxes payable.   Points Earned:  5.0/5.0  Correct Answer(s): A 2.  Debt and obligations of a business are referred to as   A)  liabilities.   B)  assets.   C)  expenses.   D)  equities.   Points Earned:  5.0/5.0  Correct Answer(s): A 3.  Common stock is reported on the   A)  retained earnings statement.   B)  statement of cash flows.   C)  income statement.   D)  balance sheet.   Points Earned:  0.0/5.0  Correct Answer(s): D 4.  If total liabilities increased by $14,000 during a period of time and stockholders’ equity decreased by $6,000 during the same period, then the amount and direction (increase or decrease) of the period’s change in total assets is a(n) A)  $8,000 decrease.   B)  $14,000 increase.  
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
C)  $8,000 increase.   D)  $20,000 increase.   Points Earned:  5.0/5.0  Correct Answer(s): C 5.  Ending retained earnings for a period is equal to:   A)  Beginning retained earnings + Net income – Dividends   B)  Beginning retained earnings – Net income – Dividends
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/21/2011 for the course GOVT 1301 taught by Professor Capentor during the Spring '11 term at Cy-Fair College.

Page1 / 6

quizz 1.4 - 1. Debt securities sold to investors that must...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online