Accounting questions -...

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 An income statement shows which of the following? revenues, liabilities, and stockholders’ equity expenses, dividends, and stockholders’ equity revenues, expenses, and net income assets, liabilities, and stockholders’ equity Management’s views on the company’s short-term debt paying ability, expansion financing, and results of  operations are found in which of the following? auditor’s report management discussion and analysis section notes to the financial statements president’s state of the company report Using the following balance sheet and income statement data, what is the earnings per share? Current assets $ 7,000 Net income $ 12,000 Current liabilities 4,000 Stockholders’ equity 27,000 Average assets 40,000 Total liabilities 9,000 Total assets 30,000 Average common shares outstanding was 10,000 $3.60 $4.00 $1.20 $0.83 Which measure would a long-term creditor be least interested in reviewing? free cash flow debt to total assets ratio current ratio solvency measure Which of the following accounts follows the rules of debit and credit, in relation to increases and  decreases, in the opposite manner? Prepaid Insurance and Dividends Dividends and Service Revenues Accounts Payable and Common Stock Advertising Expense and Equipment Which of the following is not part of the recording process?  Analyzing transactions Preparing a trial balance Entering transactions in a journal Posting journal entries  Two individuals at a retail store work the same cash register. You evaluate this situation as which of the  following?
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           a violation of establishment of responsibility a violation of separation of duties supporting the establishment of responsibility supporting internal independent verification The following information was taken from Mitchell Company cash budget for the month of July: Beginning cash balance $50,000
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This note was uploaded on 02/24/2012 for the course ACCOUNTING ACCOUNTING taught by Professor Animesh during the Spring '12 term at DeVry Phoenix.

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Accounting questions -...

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