Question 1

Match between columns
                        Premises: Inventory
Revenues
Advertising expense
Dividends
Cash
Contributed capital

Accepted Answer

The Answer of Balance sheet and Income statement and Statement is...

Question 2

Match between columns
                        Premises: Issuance of stock.
Purchase of equipment.
Payment of dividends.
Sale of T-shirts to a customer.
Payment of advertising.
Sale of used equipment.

Accepted Answer

The Answer of Investing activity and Financing activity and Operating is...

Question 3

Match between columns
                        Premises: Patel Dry Cleaners
Honda
Boeing
American Express
Kmart

Accepted Answer

The Answer of Service and Financial services and Merchandising and is...

Question 4

Match between columns
                        Premises: Merry Maids
Bug-a-boo Pest Control
Huntington Bank
American Express
Toyota
Abercrombie & Fitch

Accepted Answer

The Answer of Manufacturing and Service and Merchandising and Financial is...

Question 5

Match between columns
                        Premises: Doolittle & Baroque Legal Services
Sony
B.Rich's Grocery Store

Accepted Answer

The Answer of Corporation and Sole proprietorship and Partnership is...

Question 6

Match between columns
                        Premises: A company with a single owner
A company with the goal of maximizing the owners' wealth
A company owned by two or more individuals
An organization that exists to provide goods and services to a target group at a reduced cost or no cost
The owners of this type of organization are taxed when distributions to shareholders are again taxed as individual income

Accepted Answer

The Answer of Sole proprietorship and For-profit company and Corporation is...

Question 7

Match between columns
                        Premises: The cost of borrowing money.
A person who starts a business.
Reports gross profit on sales (or gross margin) and operating income as subtotals.
An owner's investment in a company.
A statement that reports two consecutive fiscal years.
The equity that results from doing business that is kept in the company.
The amount of money borrowed.

Accepted Answer

The Answer of Entrepreneur and Multistep income statement and Interest is...

Question 8

Match between columns
                        Premises: Any length of time that a company uses to evaluate its performance.
A period beginning with cash, conversion of cash to inventory, sales of inventory, and receipt of cash from sales.
The amount a company has earned from providing goods or services to customers.
Distribution of earnings to the owners of the corporation.
The costs incurred to generate revenue.

Accepted Answer

The Answer of Dividends and Expenses and Revenues and Accounting is...

Question 9

Match between columns
                        Premises: An independent examination of a company's financial statements and the accounting system that produced the statements.
The governmental agency responsible for tax collection.
People and firms who lend money.
Professional accountant, licensed by states to perform audits.
Standardized, interactive format used for filing reports with the SEC.
A group of professional business people, accountants, and scholars who have the responsibility of setting current accounting standards internationally.
A group of professional business people, accountants, and scholars who have the responsibility of setting current accounting standards in the U.S.

Accepted Answer

The Answer of Internal Revenue Service (IRS) and FASB and is...

Question 10

Match between columns
                        Premises: A market place where buyers and sellers of shares of stock exchange their shares
A company with the goal of maximizing the owners' wealth
Units of ownership in a corporation
Distribution of earnings to the owners of the corporation
The financial resources to start a business
Governmental agency that monitors the stock market and the financial reporting of the firms that trade in the market
An organization that exists to provide goods and services to a target group at a reduced cost or no cost

Accepted Answer

The Answer of Not-for-profit organization and Stock and Securities and is...

Question 11

Match each of the following accounts with the appropriate financial statement.
(Remember that certain accounts may be found on more than one statement.)
-Revenues

Accepted Answer