Items such as revenue,expenses and dividends are classified as:
A) Common Stock.
B) Retained Earnings.
C) Liabilities.
D) Assets.
Correct Answer:
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Q101: In the expanded accounting equation, revenues minus
Q103: Payables are classified as:
A)Stockholders' Equity.
B)Retained Earnings.
C)Liabilities.
D)Assets.
Q104: A company has $82,000 in Liabilities and
Q105: Renuud,Inc.provided $34,000 worth of services for cash.Which
Q106: A net loss will:
A)decrease Retained Earnings.
B)increase Retained
Q107: Amounts owed to a company by its
Q109: Dillon invested $5,000 into his business.He would:
A)increase
Q110: A company has $63,000 in Assets and
Q111: The payment of cash dividends would have
Q130: How would the purchase of a computer
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