Answer Key Chap 5 Quiz - Name _ ACG 201 Chapter 5 Quiz Fall...

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Name _______________________________________________ ACG 201 Chapter 5 Quiz Fall 2011 Multiple Choice: Choose the most correct answer. Show your work where appropriate. 1. The correct order to present current assets is A) cash, accounts receivable, prepaid items, inventories. B) cash, accounts receivable, inventories, prepaid items. C) cash, inventories, accounts receivable, prepaid items. D) cash, inventories, prepaid items, accounts receivable. 2. The stockholders' equity section is usually divided into what three parts? A) Preferred stock, common stock, treasury stock B) Preferred stock, common stock, retained earnings C) Capital stock, additional paid-in capital, retained earnings D) Capital stock, appropriated retained earnings, unappropriated retained earnings 3. The financial statement which summarizes operating, investing, and financing activities of an entity for a period of time is the A) retained earnings statement. B)
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Answer Key Chap 5 Quiz - Name _ ACG 201 Chapter 5 Quiz Fall...

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