Rogers Motorsports selected accounts as of December 31, 2018, follow:



Prepare the multi-step income statement for the year ended December 31, 2018.


Business

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An investor buys a stock for $1,200 at the beginning of a year. The stock pays him a dividend of $150 over the year, and the worth of the stock appreciates by $300 at the end of the year. If the annual rate of inflation is 6%, what is the loss in principal value due to inflation?

A. $18 B. $27 C. $72 D. $247.5

Business

Which balance sheet accounts are most affected by financing activities?

a. Current assets b. Current liabilities c. Long-term assets d. Long­term liabilities and stockholders' equity

Business

Which of the following is not a derivative?

A) equity contract B) futures contract C) option contract D) swap contract

Business

A Kolmogorov-Smirnov one-sample test was conducted. The largest absolute difference between the observed and normal distribution was K = 0.222

The sample size was only 30 therefore, the approximate formula was used and the critical value for K was 0.248. Because the calculated value of K is ________ than the critical value, the null hypothesis ________ be rejected. A) smaller; cannot B) larger; cannot C) smaller; can D) larger; can

Business