Financial Accounting I

Fundamentals of Accounting

ACCT 101 QUIZ 14 Name: Secon No. : G4 G5 G6 1) The declaraon and payment of cash dividends A) Reduces the amount of resources a company has to invest in producve assets B) Somemes does not reduce a company's retained earnings balance C) Reduces a company's net income D) Somemes does not reduce a company's cash balance ANS: A 2) Dividends in arrears on prefer

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 14 Name: Secon 

ACCT 101 QUIZ 3 2013 FALL Secon (circle one): G4 G15 G5 G6 Name: 1. On December 31, 2008, the balance in the Retained Earnings account is $18,500. On December 31, 2009, the balance of Retained Earnings is $17,100. During 2009, dividends of $4,200 were declared and paid. Based on this informaon, net income for 2009 is a. $2,800 b. $7,000 c. $2,100 d. $4,200 ANS:

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 3 2013 FALL Sec

ACCT 101 QUIZ 22 2013 FALL Secon (circle one): G4 G15 G5 G6 Name: 1) On April 1, Bonita Corporaon's retained earnings account had a balance of $785,000. During April, Bonita had revenues of $135,000 and expenses of $93,000. On April 30, retained earnings had a balance of $811,500. What amount of dividends were paid during April? Net income: $135,000 – $93,0

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 22 2013 FALL Sec

ACCT_101_QUIZ_11_11032011.docx-ACCT 101 QUIZ 11 Name: Secon

ACCT 101 QUIZ 2 Name: Secon No. (Circle one): G4 G5 G6 1) Accounts payable had a normal beginning balance of $1600. During the period, there were debit posngs of $300 and credit posngs of $900. What was the ending balance? (2 points) A) 1,000 credit B) 2,200 debit C) 2,200 credit D) 1,000 debit (C) Beginning balance of 1600 credit ending with 2200(=1600+900-

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