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1. Question : (TCOs A, B, and C) Which type of corporate information
is available to
investors?
2. Question : (TCO C) Collecting cash from customers would be an
example of which
type of activity?
3. Question : (TCO A) Resources owned by a business are referred to as
4. Question : (TCO A) In a classified balance sheet, assets are usually
classified as
5. Question : (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?
6. Question : (TCO D) Which of the following accounts has a normal
balance of a credit?
7. Question : (TCO E) The accrual accounting term used to indicate
recording an
expense before paying cash for the item is _____
:
8. Question : (TCOs A and B) A periodic inventory system would most
likely be used by
a(n) _____
9. Question : (TCOs A and B) LBJ Company recorded the following
events involving a
recent purchase of merchandise.