WILL RATEE If a company has 17 million in current assets, 41 million fixed...
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WILL RATEE
If a company has 17 million in current assets, 41 million fixed assets, 2 million of depreciation and equity of 23 million, what's the total liabilities: A 37 million B 33 million C) 83 million Pregunta 2 1 punto If a company sells its product on credit the cost of goods sold should be reflected in the income statement when A It should be reflected the fiscal year the credit is settled B It should be reflected the fiscal year the sale has been made C) It should be reflected the fiscal quarter the credit is settled Pregunta 3 2 puntos When a company forces its distributors to sell more units that it can handle it's an income management scheme best known as: A Revenue and expense recognition B Accruals management C) Non-operating and non-recurring items Pregunta 4 2 puntos A company that chooses FIFO over LIFO, under an increasing price scenario: A) Will experience greater Gross Profit B) Will experience a greater Cost of Goods Sold Will have a lower inventory on balance sheet
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WILL RATEE