题目内容

Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:

A. Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900
B. Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900
C. Dr. Art Equipment $3,900 Cr. Cash $3,900

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The missing amount should be:

A. 8,045,000
B. 7,950,000
C. 7,955,000

In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?

A. 250 million dollars
B. 150 million dollars
C. 300 million dollars

Which of the following accounts is fixed asset?

A. bonds and securities
B. land
C. morgages

measures that degree to which the revenue from selling products exceeded the cost of the materials used to produce them.

A. Gross profit
B. Operating expense
C. Net sale