(TCO A) In a period of increasing prices, which of the following


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(TCO A) In a period of increasing prices, which of the following inventory methods generally results in the highest gross profit? (Points : 3) Average cost method FIFO method LIFO method None of the above 2 TCO C) Paying back long-term debt is an example of a(n) non-cash investing activity. investing activity. financing activity. operating activity. 3 (TCO A) Resources owned by a business are referred to as revenues. dividends. liabilities. assets. Question 4. 4. (TCO A) In a classified balance sheet, assets are usually classified as (Points : 3) current assets, long-term assets, property, plant, and equipment, and tangible assets. current assets, long-term investments, property, plant, and equipment, and intangible assets. current assets, long-term investments, and tangible assets. current assets, long-term investments, property, plant, and equipment, and common stocks. Question 5. 5. (TCO B) For 2012, LBJ Corporation reported net income of $25,000; net sales $250,000; and weighted average shares outstanding of 5,000. There were no preferred stock dividends. What was the 2012 earnings per share? (Points : 3) $50.00 $5.00 $2.50 $25.00 Question 6. 6. (TCO D) Which of the following accounts has a normal balance of a credit?(Points : 3) Dividends account Expense account Accounts Receivable account Retained Earnings account mehmetemin
posted a question · Nov 21, 2015 at 10:48pm

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