Acct 504

$30.0 FI504 Final Exam Business - General Business 1. (TCO A) An avail of the corporate human body of business is that _____. (Points : 5) it has limited keep its owners individual(prenominal) resources atomic number 18 at stake its self-will is slowly transferable via the deal of sh atomic number 18s of stock it is simple to contribute 2. (TCO A) The Dividends report card _____. (Points : 5) is increase with a debit is decreased with a quotation is not an expense account altogether of the to a higher place 1. (TCO A) An advantage of the corporate form of business is that _____. (Points : 5) it has limited heart its owners personal resources atomic number 18 at stake its ownership is easily transferable via the sale of shares of stock it is simple to establish 2. (TCO A) The Dividends account _____. (Points : 5) is increased with a debit is decreased with a credit is not an expense account All of the above 3.

(TCOs A, B) Cerner compact showed the following balances at the end of its first year: interchange $5,000 Pre stipendiary policy 500 Accounts receivable 2,500 Accounts collectable 2,000 Notes payable 3,000 Common stock 1,000 Dividends 500 Revenues 15,000 Expenses 12,500 What did Cerner Company show as total credits on its streak balance? (Points : 5) $21,500 $21,000 $20,500 $22,000 4. (TCOs B, E) utilise accrual accounting, expenses are recorded and describe only _____. (Points : 5) when they are incurred, whether or not cash is paid when they are incurred and paid at the same time if they are paid tabu fro nt they are incurred if they are paid aft! er they are incurredIf you indispensableness to get a full essay, order it on our website: OrderEssay.net

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