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FINAL EXAM BUS 475 Final Exam 100 Questions with Answers 3rd Set |
BUS 475 Final Exam 100 Questions with Answers 3rd Set 1) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income StatementBalance Sheet Dr.Cr.Dr.Cr. Totals$58,000$48,000$34,000$44,000 To enter the net income (or loss) for the period into the above worksheet requires an entry to the __________. A. income statement debit column and the income statement credit column B. income statement credit column and the balance sheet debit columnC. income statement debit column and the balance sheet credit columnD. balance sheet debit column and the balance sheet credit column 2) Multinational corporations __________. A. are firms that conduct their operations in more than one country through subsidiaries, divisions, or branches in foreign countries B. are U.S. companies that sell goods and services in other countriesC. are required to use international accounting standardsD. are U.S. companies that trade their securities on the exchanges in other countries |
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