ACCT 1 – Exam 1 MC Q.1 The assets of a company total $700,000; the liabilities, $200,000. What are..


Question Description:

25

ACCT 1 – Exam 1 MC Q.1 The assets of a company total $700,000; the liabilities, $200,000. What are.. 1 answer below ยป ACCT 1 – Exam 1 MC Q.1 The assets of a company total $700,000; the liabilities, $200,000. What are the total claims of the owners? Q.2 If net income for the period was $134,250, dividends distributed were $76,530 and Ending Retained Earnings was $862,520, what was the Beginning Retained Earnings for the period? Q.3 Decreases in retained earnings that represent costs of assets or services that are used to earn revenues are called: Q.4 Assets = Liabilities + Equity is known as the: Feb 06 2016 03:37 PM

Answer

25