Which one of the following correctly represents one of the basic financial statement models?
a. Assets - Liabilities = Net Income
b. Assets + Liabilities = Owners' Equity
c. Revenues + Expenses = Net Income
d. Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings
d
You might also like to view...
Inflation is an example of ______ forces in an organization's general environment.
a. economic b. technological c. political-legal d. sociocultural e. demographic
The following relate to Data Original in 2012 . What is the ending inventory? Purchases $540,000 Beginning Inventory 80,000 Purchase Returns 10,000 Sales 800,000 Cost of Goods Sold 490,000
a. $120,000 b. $140,000 c. $210,000 d. $260,000 e. none of the answers are correct
Working capital measures
a. the excess of current assets over current liabilities—what is on hand to continue business operations. b. the ability to earn a satisfactory income. c. the amount of debt in the company. d. the profitability of the business.
A group of employees that a union is seeking to represent is known as a bargaining unit
Indicate whether the statement is true or false