Question is–using basic accounting equation answer : (a) the

Question is–using basic accounting equation answer : (a) The liabilities of Lantz Company are $90,200 and the stockholders’ equity is $ 261,000. What is the amount of Lantz Company’s total assets? $_____ (b) the total assets of Salley Company are $182,000 and it’s stockholders’equity is $83,000.What is the amount of its total liabilities? $_____ (c) The total assets of Brandon Co. are $840,000 and its liabilities are equal to one- fourth of its total assets. What is the amount of Brandon Co.’s stockholders’ equity?


The proprietor form of business organization  1-,Combines the records of the business with the personal records of the owner , or 2- must have at least 2 owners in most states, or 3-?is classified as a separate legal entity?, or 4- generally receives favorable tax treatment relative to a corporation


Most business enterprises in the United States are: 1- government units 2- propiertorships and partnerships 3- partnerships 4- corporations

A business organized as a separate legal entity is a : 1- partnership 2- propiertor 3- government unit 4- corporation



Which of the following is the BEST definition of an internal user of accounting information? 1- managers who use accounting information to plan, organize , and run a business 2- creditors like banks that use accounting information to evaluate the risk of lending money 3- investors who use accounting information to decide whether to buy or sell stock 4- labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits


Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules? 1- labor unions 2-regulatory agencies 3- management 4- taxing authorities

Which of the following exyernal groups uses accounting information to determine whether the company can pay its obligations ? 1- investors in common stock? 2- creditors 3- chief financial officer, or 4- marketing managers?

Which of the following financial statements is divided into major categories of operating, investing, and financial activities? 1- the income statement 2- the statement of cash flows 3- the balance sheet 4- the retained earnings statement

Ending retained earnings for a period is equal to beginning: 1- retained earnings- net income + Dividends 2- retained earnings+net income-Dividends 3- retained earnings + net income +Dividends 4- retained earnings- net income-Dividends

The financial statement that summarizes the changes in retained earnings for a specific period of time is the: 1- income statement 2- statement of cash flow 3- balance sheet 4- retained earnings statement

To show how successful your business performed during a period of time, you would report its revenues and expenses in the: 1- statement of cash flow 2- retained earnings statement 3- balance sheet 4- income statement

Which financial statement is prepared first? 1- income statement 2-Balance sheet 3-Retained earnings statement 4- Statement of cash flows

An income statement shows : 1- expenses, dividends, and stockholders equity 2- revenues, expenses, and net income 3- assets, liabilities, and stockholders equity 4- revenues, liabilities, and stockholders equity

Dividends paid : 1- decreased retained earnings 2- increase expenses 3- decrease revenues 4- increase assets


Sharidan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, expenses of $380000, and paid dividends of $141500. What was Sheridan retained earnings at the end of the year? 1- $1131500 2- $600000 3- $1017500 4- $ 737500


Which of the following organizations issues accounting standards for countries outside the US? 1- SEC 2- GAAP 3- IASB 4- FASB

Generally accepted accounting principles: 1- are accounting rules that are recognized as a general guide for financial reporting 2- have eliminated all errors in accounting 3- are accounting rules formulated by the Internal Revenue Service 4- are sound in theory but rarely used in real life


The Agency of the US government that oversees the US financial markets is the 1- Financial Accounting Standards Board 2- IRS 3-Security Exchange Commission 4- International Auditing Standards Committee


What organization issues US accounting standards ? 1- security exchange commission 2-International accounting standards committee 3- financial accounting standards board 4- international auditing standards committee


The 2 fundamental qualities of useful information are: 1- comparability and flexibility 2- understandability and consistency 3- relevance and faithful representation 4- verifiability and timeliness


If accounting information has relevance, it is useful in making predictions about: 1- future IRS audits 2- new accounting principles 3- foreign currency exchange rates 4- the future events of the company





Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
English 101
I wish the writer would have picked a more natural topic. Although the work is good, it is obvious that the writer of the material is African American. The fact that I am not African American raises questions.
Customer 462899, April 26th, 2022
Good job. Few edits made
Customer 463245, November 16th, 2022
Great work.Recommendable
Customer 463647, May 14th, 2023
management diversity
thank you so much it looks amazing
Customer 462327, April 19th, 2023
The paper is well-written with few errors.
Customer 452455, June 26th, 2023
Customer 463813, March 8th, 2023
English 101
Order was late
Customer 462805, April 4th, 2022
Military science
Some of the paper did not tie into the topic, and was used to fill space. Overall, happy with the end result.
Customer 462263, November 29th, 2021
This is a great paper, can't wait to get my grade back
Customer 453633, February 5th, 2020
Well researched
Customer 463679, April 15th, 2023
Business & Management
Excellent work!
Customer 453377, May 20th, 2022
Healthcare & Medical
An exceptional blogpost
Customer 463337, December 14th, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat