Tuesday, March 31, 2015

50 Free Test Bank for Survey of Accounting 6th Edition by Warren

Grasping the accounting concepts plays an important role instead of just doing simple calculations if you wanna be good at accounting. Students are required to know how to understand these financial data, not sort of like a robot. And both students and instructors are about to be surprised at the content quality of 50 free test bank for Survey of Accounting 6th Edition by Warren multiple choice questions. We provide them with free online questions and answers relating to professional accounting which even find it easy for non-accounting majors to grasp.
Kindly go to the link below to get full questions and answers:
When a product is sold, the cost of the product sold is often called:
  •  
  •  
  •  
  •  
Given the following list of accounts, calculate Total Assets: Accounts Receivable $ 5,000; Capital Stock 20,000; Cash 19,300; Equipment 15,400; Fees Earned 44,400; Miscellaneous 18,200; Rent Expense 4,150; Retained Earnings 6,550; Wages Expense 13,900
  •  
  •  
  •  
  •  
A summary of revenue and expenses for a specific period of time is a(n):
  •  
  •  
  •  
  •  
Which of the following would not be an example of a merchandising business?
  •  
  •  
  •  
  •  
A list of assets, liabilities, and owners' equity as of a specific date is a(n):
  •  
  •  
  •  
  •  
Gilbert, Inc. had the following account balances at September 30, 2010. What is Gilbert’s net income for the month of September? Accounts Payable $ 5,000; Capital Stock 10,000; Cash 14,300; Equipment 15,400; Fees Earned 54,400; Miscellaneous Expense 18,200; Rent Expense 4,150; Retained Earnings 6,550; Wages Expense 13,900
  •  
  •  
  •  
  •  
The debt created by a business when it makes a purchase on account is referred to as an:
  •  
  •  
  •  
  •  
Managers are evaluated primarily on the business's:
  •  
  •  
  •  
  •  
Reporting the financial condition of a business at a point in time and the changes in the financial condition of a business over a period of time are the two major objectives of:
  •  
  •  
  •  
  •  
Debts owed by a business are referred to as:
  •  
  •  
  •  
  •  
Which of the following is true in regards to a limited liability company?
  •  
  •  
  •  
  •  
Which of the following is an intangible asset?
  •  
  •  
  •  
  •  
Browning, Inc. had revenues of $234,000, expenses of $175,000, and dividends of $30,000 during 2012. Which of the following statements is correct?
  •  
  •  
  •  
  •  
Governments have an interest in the economic performance of business because of:
  •  
  •  
  •  
  •  
Which of the following is considered an asset until consumed?
  •  
  •  
  •  
  •  
A summary of changes in the earnings retained by the corporation for a specific period of time is known as a(n):
  •  
  •  
  •  
  •  
Costs incurred in operating a business are also known as:
  •  
  •  
  •  
  •  
When a business borrows money, it incurs a(n):
  •  
  •  
  •  
  •  
Which of the following types of business is popular for its ease and low cost of organizing?
  •  
  •  
  •  
  •  
Which statement is normally prepared first?
  •  
  •  
  •  
  •  
If there was no beginning retained earnings, net income of $20,000, and ending retained earnings of $6,000, how much were dividends?
  •  
  •  
  •  
  •  
Which of the following is not a characteristic of a corporation?
  •  
  •  
  •  
  •  
Who has the first preference to assets in case a business fails?
  •  
  •  
  •  
  •  
Under a premium-price emphasis, a business designs products that possess _____ for which customers are willing to pay a premium price.
  •  
  •  
  •  
  •  
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)