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KIC000089 - Accounting 284 Chapters 5&6 Spring 2009 15...

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Accounting 284 - Chapters 5&6 Spring 2009- 15points Dr.Clem Quiz 3 Name: Jr-6 n \-\o\1'f\ Class Time(circ1e): 11am ~ Row -->,(£>Y----- Multiple Choice Questions. Write correct answer inspace provided using capital letters. (3ptseach) A. $ 4,500 @$10,500 C. $15,000 D. $30,000 Jones Tools, Inc. hasnet sales during 2009 of$75,000, costofgoods sold during 2009 of$45,000, andtotal operating expenses during 2009 of$15,000. There were no other revenues andexpenses. Assuming Jones' taxrate is30%, what isthe net income reported onJones' 2009 income statement? lS - L.\S . :'0 -IS I \ -1.-1. 's - LjsrP 1'"'-.. ' 0, sec -1-2... )' Which ofthe following isNOT aneffective internal control procedure?
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