six accounting questionsaccountguru
Question 1 (1 point) Question 1 Unsaved Which of the following represents the correct order (from left to right) for the items shown? Question 1 options: A) Net Income (EAT), Sales, Income Tax, COGS B) Sales, Dividends, COGS, Income Tax C) Sales, Income Tax, COGS, Administrative Expenses D) Sales, COGS, Income Tax, Net Income (EAT Save Question 2 (1 point) Question 2 Unsaved A balance sheet is analagous to a company's _______________. Question 2 options: A) income tax statement B) net worth statement C) cash flow statement D) income statement Save Question 3 (1 point) Question 3 Unsaved Which of these items is most likely to appear on a balance sheet? Question 3 options: A) Interest expense B) SG&A C) Sales D) Current assets Save Question 4 (1 point) Question 4 Unsaved Which of the following represents debts that must be paid within the next 12 months? Question 4 options: A) Long-term bonds B) Current assets C) Long-term liabilities D) Current liabilities Save Question 5 (1 point) Question 5 Unsaved For the following, calculate the company's net income (EAT) (use only what data you need): Sales = 1,000. Income tax rate = 50%. COGS = 10% of sales. SG&A expense = 50. Interest expense = 25. Dividend payout ratio = 25%. Question 5 options: A) 850.00 B) 412.50 C) 309.37 D) 825.00 Save Question 6 (1 point) Question 6 Unsaved If a company pays off 1,000 in long-term debt (liabilities), which of the following must be true? Question 6 options: A) Current assets decreased by 1,000. B) Long-term liabilities increased by 1,000. C) Current liabilities increased by 1,000.
- 5 years ago
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