Comments : 10 . Question : ( TCO A ) In a period of declining prices , which of the following inventory methods generally results in the lowest gross profit figure ?
Question : ( TCOs A , B , and C ) Shareholders want answers to all of the following questions except :
Question 2 . Question : ( TCO C ) Paying cash dividends is an example of a ( n )
Question 3 . Question : ( TCO C ) Buying a new plant would be an example of which type of activity ?
Question 4 . Question : ( TCO A ) Which of the following should not be classified as a current liability ?
Question 5 . Question : ( TCO B ) For 2012 , LBJ Corporation reported net income of $ 75,000 ; net sales $ 750,000 ; and weighted average shares outstanding of 7,500 . There were no preferred stock dividends . What was the 2012 earnings per share ?
Question 6 . Question : ( TCO D ) Which of the following describes the normal balance and classification of the Unearned Revenue account ?
Question 7 . Question : ( TCO E ) Which of the following statements is correct ?
Question 8 . Question : ( TCOs A and B ) A periodic inventory system would most likely be used by a ( n )
Question 9 . Question : ( TCOs A and B ) LBJ Company recorded the following events involving a recent merchandise purchase .