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- Sales revenue is reported in the stockholder’s equity section of the balance sheet? True/falseThe liabilities on a balance sheet are represented by which of the following? Choose one answer. The items you own The stock holding you possess The inventory in your warehouse d. The debts you oweWe credit Dividends Payable on: a. Payment date. b. Record date.c. Declaration date. d. Never.
- Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratioWhen using vertical analysis, we express balance sheet accounts as a percentage of a. Total assets. b. Total liabilities. c. Total stockholders’ equity. d. Sales.The liabilities on a balance sheet are represented by which of the following?Choose one answer.a. The items you own b. The stock holding you possess c. The inventory in your warehouse d. The debts you owe
- Capital account is essentially a standard equity account with a standard credit balance from an accounting perspective.Equity accounts are:The numerator in the calculation of the ratio of liabilities to stockholders' equity is O a. Total Assets. O b. Total Liabilities minus Total Stockholders' Equity. O c. Total Liabilities. O d. Total Stockholders' Equity.
- Question Content Area Which of the following entries journalizes the issuance of common stock? a.debit Fees Earned; credit Common Stock b.debit Common Stock; credit Accounts Receivable c.debit Cash; credit Common Stock d.debit Dividends; credit CashWhich are the Important Issues in Accounting and Financial Disclosure: Equity REITs2What item flows from the statement of retained earnings to the balance sheet?a. Cashb. Dividendsc. Net incomed. Retained earnings
