Financial Accounting > Final Exam Review > A WELL REVISED 100% ACCT 504 Final Exam DeVry University Keller Graduate School of ACC. (All)
A WELL REVISED 100% ACCT 504 Final Exam DeVry University Keller Graduate School of ACC.
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(TCO A) A corporation has which of the following advantages? (Points : 5) A. Reduced taxes B. Simple to set up C. Limited liability for stockholders D. Owner maintains control Question 2.2. (TCO A... ) Dividends flow through which one of the following statements? (Points : 5) A. The Balance Sheet B. The Statement of Retained Earnings C. The Income Statement D. None of the above Question 3.3. (TCOs A and B) Below is a partial list of account balances for LBJ Company. Cash $12,000 Prepaid rent 1,300 Accounts receivable 7,000 Accounts payable 5,000 Notes payable 9,000 Common stock 22,000 Dividends 2,000 Revenues 45,000 Expenses 35,000 What did LBJ Company show as total debits? (Points : 5) A. $57,300 B. $81,000 C. $55,300 D. $56,000 Question 4.4. (TCO B and E) [Show More]
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