outstanding of 7,500. There were no preferred stock dividends. What was the 2012 earnings per share?
Question 6. Question : (TCO D) Which of the following describes the normal balance and classification of the Unearned Revenue account?
Question 7. Question : (TCO E) Which of the following statements is correct?
Question 8. Question : (TCOs A and B) A periodic inventory system would most likely be used by a(n)
Question 9. Question : (TCOs A and B) LBJ Company recorded the following events involving a recent merchandise purchase.
- Received goods for $40,000, terms 2/10, n/30 - Returned $1,200 of the shipment for credit due to damaged goods - Paid $1,000 for freight in - Paid the invoice within the discount period
Question 10. Question : (TCO A) In a period of declining prices, which of the following inventory methods generally results in the lowest gross profit figure?