Understanding Accounting Information: External Users and

School: Azusa Pacific University - Course: ACCT 512 - Subject: Accounting

ACCT 512 Week 1: Quiz Question 1 1 / 1 pts External users of accounting information, like the Internal Revenue Service, are most commonly known as Correct! taxing authorities. labor unions. customers. regulatory agencies. Question 2 1 / 1 pts Elston Company compiled the following financial information as of December 31, 2022: Elston's stockholders' equity on December 31, 2022 is $630,000. Correct!
$660,000. $180,000 + 450,000 + ($840,000 0 $750,000) 0 $60,000 = $660,000 (Com. st. + beg. R/E + (ser. rev. - oper. exp.) - div.) $480,000. $720,000. Question 3 1 / 1 pts Based on the following data, what are total assets? $822,000 Correct! $766,000 $50,000 + $70,000 + $138,000 + $160,000 + $8,000 + $340,000 = $766,000 $758,000 $708,000 Question 4 1 / 1 pts Debt securities sold to investors that must be repaid at a particular date some years in the future are called

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