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ACC 201 Week 1 Quiz 1

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ACC 201 Week 1 Quiz 1

Which of the following is an appropriate representation of the accounting equation?

 

 

Which of the following is the correct order for preparing financial statements?

 

AVERAGE SHARES OUTSTANDING ASSUMING DILUTION

2,336

2,331

2,350

 

Refer to Notes to Consolidated Financial Statements.

Review Coca-Cola's financial statements and answer the following questions:

1.  How are Coke's numbers reported (in what denomination)?
In millions of dollars 

According to which of the following concepts should the expenses incurred when generating revenue be reported in the same period as the related revenue?

 

 

Heedy Company had the following account balances in 2016 and 2017, respectively. Assuming dividends of $20,000 were paid in 2017, how much was net income?

 

Review Coca-Cola's financial statements and answer the following questions:

 

 

 

 

 

 

 

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[Solved] ACC 201 Week 1 Quiz 1

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ACC 201 Week 1 Quiz 1 Which of the following is an appropriate representation of the accounting equation? - Assets = Liabilities + Stockholders' equity Classify the following as an asset, liability, revenue, or expense. 1. Unearned revenue Li...
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