Final 1-10 - Question 1 1 out of 1 points Whichofthe...

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

View Full Document Right Arrow Icon
Question 1 1 out of 1 points Which of the  following is not  a  liability? Answer Selected Answer: An unused line of credit. Correct Answer: An unused line of credit. Question 2 1 out of 1 points Which of the  following is a  contingency that  should be  accrued? Answer Selected Answer: C. The company offers a two-year warranty and the expenses can be  reasonably estimated. Correct Answer: C. The company offers a two-year warranty and the expenses can be  reasonably estimated. Question 3 1 out of 1 points All of the  following but one  represent 
Background image of page 1

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

View Full DocumentRight Arrow Icon
collections for  third parties.  Which one of the  following is not  a  collection for a  third party? Answer Selected Answer: Customer deposits. Correct Answer: Customer deposits. Question 4 1 out of 1 points The par value of  common stock  represents: Answer Selected Answer: the arbitrary dollar amount assigned to a share of stock.  Correct Answer:
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.

Page1 / 7

Final 1-10 - Question 1 1 out of 1 points Whichofthe...

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