Quiz4-1

4-1Chapter Four Quiz 4-1, Spring 2012 1.| The income bid reveals| A)| resources and equities of a impregnable at a point in time.| B)| resources and equities of a fiery for a period of time.| C)| net pelf (net income) of a menage at a point in time.| D)| net wampum (net income) of a firm for a period of time.| 2.| The single-step income statement emphasizes| A)| the tax income profit figure.| B)| total revenues and total expenses.| C)| extraordinary items and accounting transfigures more than than than these are emphasized in the multiple-step income statement.| D)| the various components of income from continuing operations.| 3.| The controller for the Lintz Sales Company is preparing the income statement for 2012 and the chemical equilibrium tacking at December 31, 2012. The January 1, 2012 merchandise inventory agreement result bet| A)| nevertheless as an plus on the balance sheet.| B)| only in the cost of goods exchange cha racter of the income statement.| C)| as a deduction in the cost of goods sold atom of the income statement and as a current asset on the balance sheet.| D)| as an addition in the cost of goods sold section of the income statement and as a current asset on the balance sheet.| 4.| Which of the following is a wobble in accounting normal?

| A)| A change in the estimated divine service sustenance of machinery| B)| A change from FIFO to LIFO| C)| A change from straight-line to double-declining-balance| D)| A change from FIFO to LIFO and a change from straight-line to double-declining- balance| 5.| Whi ch of the following items would be reported ! at its swinish amount on the face of the income statement?| A)| iniquitous red ink| B)| Prior period adjustment| C)| cumulative effect of a change in an accounting principle| D)| Unusual procure| 6.| Which of the following earnings per share figures mustiness be break on the face of the income statement?| A)| EPS for income forward taxes.| B)| The...If you want to squeeze a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay