Author: Anonymous

Natural resources may be reported under either plant assets or their own separate category on the balance sheet.

Natural resources may be reported under either plant assets or their own separate category on the balance sheet.

Dividends paid to stockholders are subtracted in the calculation of net income, as expenses.

Internal users include lenders, shareholders, brokers and nonexecutive employees.

Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.

Dividends distributed to stockholders should be treated as an expense of the business.

Net income is sometimes called earnings or profit.

An asset created by prepayment of an insurance premium is:

Net income is sometimes called earnings or profit.

The cash flow on total assets ratio: