Question

a videogame company, has decided to pay dividends to its shareholders. 11) videogame 11) Gamers Inc., Which of the following accounts will doing so decrease? A) its cash and capital accounts B) its liabilities and equity accounts C) its revenue and expense accounts D) its assets and stock accounts E) its checking and savings accounts 12) Accounting refers to the process of A) reporting to only those outside the organization. B) developing promotional plans. C) producing goods and services. D) recording, measuring, and interpreting f E) reporting to only those within the organization. financial information. 13) What is meant by owners' equity? A) It refers to outstanding loans and credit that a firm has to return. B) It refers to debts a firm owes to others. C) It refers to a firm's economic resources. D) It refers to a firm's "goodwill" or reputation. E) It refers to the money contributed to a firm that never has to be paid back. 13) 14) Molly is preparing a balance sheet for her pet grooming company. Following long-established traditions, she lists items on her balance sheet on the basis of their A) present values. B) competitive value. C) perceived market value. D) original cost minus accumulated depreciation. E) present values minus accumulated depreciation. 15) Which of the following equations is correct? 15) A) profit margin revenue- expenses B) profit margin- assets +liabilities C) profit margin net income/stockholder's equity D) profit margin-net income/sales E) profit margin net income/total assets

Answer 1