Financial Accounting > QUESTIONS & ANSWERS > ACCT 212 Week 1 Quiz (Summer 2020) (All)

ACCT 212 Week 1 Quiz (Summer 2020)

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Question: At the end current accounting period, account balances were as follows. Cash $28,000, Account Receivable, $44,000, Common Stock, $19,000, Retained Earnings $12 000. Liabilities for the perio ... d were: Question: Revenues were $147,000, expenses were $142,000, and cash dividends … and paid were $3,000. What were the next income and the change in the … earnings for the period? Question: Golden Company had the following accounts and balances at the end of the year. What are total assets at the end of the year? Question: Watzel Company has the … accounts and balances at the end of the fiscal year: Question: The accounting equation can … expressed as: Question: During the year, EcoWash Corporation has $270,000 in revenues, $145,000 in expenses, and dividend declarations and payments. Net income for the year was: Question: What item flows from the statement of retained earnings to the balance sheet? Question: Kolander Company has the following accounts and balances at the end of the year: Question: Beck Company had the following accounts and balances at the end of the year. What is net income or net loss for the year? Question: Geraid Company has the following account balances at the end of the first year of operations: What are the total assets at the end of the first year? [Show More]

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