Which of the following does not impact the Statement of Retained Earnings?
A) Common Stock
B) Revenues
C) Expenses
D) Dividends
A
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The owner of a hot dog stand receives a loan of $3,750 at 8.25% for 9 months. Find the amount of simple interest.(Round to the nearest cent)
A. $320.63 B. $232.03 C. $489.65 D. $232.00
To aid in business recovery, copies of applications are usually kept in a safe place to replace those that get damaged.
Answer the following statement true (T) or false (F)
Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had $72,000 of manufacturing overhead applied to it during May, the direct materials assigned to Job 17X was:
A. $126,000. B. $72,000. C. $54,000. D. $96,000.
Which of the following errors will cause the trial balance to be out of balance?
A) An entire transaction was entered in the general journal as $27 instead of $72. B) An entire transaction was omitted from the general journal. C) The balance of an account was incorrectly computed. D) A debit entry was entered in the wrong debit account.