Question 1.1. (TCOs A, B, and C) Which type of corporate information is available to investors?

Question 1.1. (TCOs A, B, and C) Which type of corporate information is available to investors? (Points : 3)Sales budgetOperating expense budget Cash provided by investing activitiesFive-year strategic plan Question 2.2. (TCO C) Paying back long-term debt is an example of a(n) (Points : 3)non-cash investing activity.investing activity.financing activity.operating activity. Question 3.3. (TCO C) Buying a new plant would be an example of which type of activity? (Points : 3)OperatingFinancingInvestingNone of the above Question 4.4. (TCO A) Which of the following should not be classified as a current liability? (Points : 3)Accounts Payable A note payable due in 15 monthsIncome Tax PayableUnearned Revenue Question 5.5. (TCO B) For 2012, LBJ Corporation reported net income of $75,000; net sales $750,000; and weighted average shares outstanding of 7,500. There were no preferred stock dividends. What was the 2012 earnings per share? (Points : 3)$100.00$50.00$10.00$110.00 Question 6.6. (TCO D) Which of the following describes the normal balance and classification of the Unearned Revenue account? (Points : 3)debit, Expensecredit, Liabilitycredit, Stockholders’ equitydebit, Liability Question 7.7. (TCO E) The accrual accounting term used to indicate an item paid in advance or the receipt of cash in advance is (Points : 3)prepayment.depreciation.deferral.accrual. Question 8.8. (TCOs A and B) A periodic inventory system would most likely be used by a(n) (Points : 3)automobile dealership. jewelry store. furniture store. local neighborhood restaurant. Question 9.9. (TCOs A and B) LBJ Company recorded the following events involving a recent purchase of merchandise. – Received goods for $100,000, terms 2/10, n/30 – Returned $5,000 of the shipment for a credit due to damaged goods – Paid $1,500 for freight in – Paid the invoice within the discount periodAs a result of these events, the company’s merchandise inventory (Points : 3)increased by $96,500.increased by $95,000.increased by $94,500.increased by $94,600. Question 10.10. (TCO A) In periods of rising prices, which of the following inventory methods results in the lowest income taxes? (Points : 3)FIFO methodAverage cost methodLIFO methodCannot determine based on the information given

Question 1.1. (TCOs A, B, and C) Which type of corporate information is available to investors?(Points : 3)Sales budgetOperating expense budgetCash provided by investing activitiesFive-year…

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