quizz 2.3 - SubmittedbyVu,Thao(THAOVU2)on11:56:34PM...

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Submitted by Vu, Thao (THAOVU2) on 6/19/2011 11:56:34 PM Points Awarded 40.00 Points Missed 60.00 Percentage 40.0% 1.  Which statement about long-term investments is not true?  A) They will be held for more than one year.  B) They are not currently used in the operation of the business.  C) They include investments in stock of other companies and land held for future use.  D) They can never include cash accounts.  Points Earned:  0.0/5.0  Correct Answer(s): D 2.  Based on the following data, what is the amount of working capital? A) $127,000  B) $151,000  C) $170,000  D) $148,000  Points Earned:  0.0/5.0  Correct Answer(s): A
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3.  Use the following data to determine the total amount of working capital. A) $155,000.  B) $145,000.  C) $60,000.  D) $150,000.  Points Earned:  0.0/5.0  Correct Answer(s): B 4.  The following information is available for Bradshaw Corporation and Newell Corporation: Based on this information, the earnings per share calculations (rounded to two decimals) suggest:
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A) Lower performance in 2009 than in 2010 for Bradshaw Corporation.  B) Higher performance in 2010 than in 2009 for Bradshaw Corporation.  C) Fewer earnings available to Bradshaw's common stockholders in 2010 than in 2009.  D) An increase in the average number of common shares outstanding between 2009 and 2010.  Points Earned:  5.0/5.0  Correct Answer(s): D 5.  What organization issues U.S. accounting standards?  A) Security Exchange Commission.  B) International Accounting Standards Committee. 
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quizz 2.3 - SubmittedbyVu,Thao(THAOVU2)on11:56:34PM...

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