Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accounting 2035 pretest one cesar ra name: py date

Accounting 2035 Pretest One Cesar Ra Name: py Date: 1. Houghton Company has the following...

60.1K

Verified Solution

Question

Accounting

image

Accounting 2035 Pretest One Cesar Ra Name: py Date: 1. Houghton Company has the following items: common stock, $1,600,000; treasury stock S210,000; deferred income taxes, $250,000 and retained earnings, $780,000. What total amount should Houghton Company report as stockholders' equity? A) $2,590,000. B) $2,420,000. C) $1,390,000. 900 10( co $2,170,000. 2. Sauder Corporation reports the following information: Net income Depreciation expense Increase in accounts receivable Sauder should report cash provided by operating activities of A) $340,000. B) $480,000. C) $280,000. D) $420,000 $380,000 70,000 30,000 3. The income statement reveals A) B) C) D) net earnings (net income) of a firm at a point in time. resources and equities of a firm at a point in time. net earnings (net income) of a firm for a period of time. resources and equities of a firm for a period of time. 4. Big-Mouth Frog Corporation had revenues of $330,000, expenses of $200.000, and dividends of $45,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a D credit of $85,000. B) credit of $130,000. C) debit of $130,000. D) debit of $85,000. Page 1

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students