Business > CASE STUDY > ACC_280_Posting_6.doc 1. (TCO 1) Which of the following would not be considered an inter (All)
ACC_280_Posting_6.doc 1. (TCO 1) Which of the following would not be considered an inter
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ACC_280_Posting_6.doc 1. (TCO 1) Which of the following would not be considered an internal user of accounting data for a company? a. President of a company b. Controller of a company c. Credi ... tor of a company d. Salesperson of a company 2. (TCO 1) Resources owned by a business are referred to as _________. a. stockholders™ equity. b. liabilities. c. assets. d. revenues. 3. (TCO 1) To show how successfully your business performed during a period of time, you would report its revenues & expenses in the _________. a. balance sheet. b. income statement. c. statement of cash flows. d. retained earnings statement. 4. (TCO 1) Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, & paid dividends of $20,000. What was Henson™s retained earnings at the end of the year? (Points : 4) a. $255,000 b. $215,000 c. $405,000 d. $235,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]
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