ACC 290 Week 1 Practice Quiz | eBooks | Education

ACC 290 Week 1 Practice Quiz

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ACC 290 Week 1 Practice Quiz

http://issuu.com/lucky269/docs/uoptutorial.docx

 

ACC 290 Week 1 Practice Quiz

 

 

Complete the Week 1 Practice Quiz in WileyPLUS

 

 

 

 

Practice Question 05

In which forms of business organization are the owners personally liable for all the debts of the business?

Sole proprietorships and corporations

 

Sole proprietorships and partnerships

 

Partnership and corporation

 

All of the answer choices are correct

 

 

 

Practice Question 10

Which of the following is not an external user of accounting data?

Customers

 

Economic planners

 

Labor unions

 

Chief Financial Officer

 

 

 

 

Practice Question 26

The financial statements for Harold Corporation contained the following information:

Accounts receivable

$ 5,000

Sales revenue

75,000

Cash

15,000

Salaries and wages expense

20,000

Rent expense

10,000

How much was Harold’s net income?

$60,000

 

$65,000

 

$45,000

 

$15,000

ACC 290 Week 1 Practice Quiz http://issuu.com/lucky269/docs/uoptutorial.docx ACC 290 Week 1 Practice Quiz Complete the Week 1 Practice Quiz in WileyPLUS Practice Question 05 In which forms of business organization are the ow
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