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Hi, I have a test regarding my managerial accounting and I have the following questionsÂ
8- Retained earnings are a general claim against ________.
A.creditors                       B.paid in capital C. total assets                    D. stockholders
9-On a classified balance sheet, the Equipment account is reduced by ________.
A. Allowance for Doubtful Accounts                 B. Depreciation Expense    Â
C. Allowance for Bad Debts                        D. Accumulated Depreciation
10- Unsecured debt holders are creditors who have ________.
A. a specific claim against particular assets B. a general claim against fixed assets only C. a specific claim against fixed assets only D. a general claim against total assets11- Treasury stock is shown on the balance sheets as a deduction from ________.
A. total assetsB. total current assetsC. total stockholders' equityD. total liabilities
Â
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