- QUESTIONO Ending assets for CompulHelp equal 650,000 and the beginning retained earnings account was 325,000. If net income during the period was 225,000 and dividends were 150,000 what were ending liabilities? ANSW ER 175,000 250,000 400,000 25,000 IDONTKNOWYET
- Question 1 Academic Integrity can be defined as a commitment towards these five fundamenta values: A Honesty, courage, loyalty, fairness respect and responsibility B Honesty, courage, trust, collaboration respect and responsibility C Honesty,courage, trust, fairness, respect and responsibility D Honesty, courage, independence fairness, respect and responsibility
- Net income for the period was 200,000. The retained earnings account had a beginning balance of 25,000. If the company paid dividends of 20,000 during the year, what is the ending balance in retained earnings? ANSWE N 245,000 205,000 230,000 25,000 155,000 IDON'T KNOWYET
- QUESTION 0 Net income for the period was 200,000. The retained earnings account had a beginning balance of 525,000 If the company paid dividends of 20,000 during the year, what is the ending balance in retained earnings? ANSWER 245,000 5205,000 230,000 25,000 155,000 IDONT KNOWYET
- Match the appropriate enhancing qualitative characteristic and fundamental qualitative characteristic with the appropriate definition verifiability timeliness separate-entity assumption relevance going-concern assumption understandability The assumption that an entity will continue operating normally for the foreseeable future. The ability to check financial information for accuracy, completeness, and reliability. Holds that the business activities of the reporting entity are separate from the activities of its owners. The need to report accounting information to users in time for it to influence their decisions. The need to clearly and concisely classify and present financial information so that reasonably knowledgeable and diligent users of the information can understand it. A fundamental qualitative characteristic of accounting information that requires that accounting information have predictive value, confirmatory value, or both, and is material. square square square square square square
