Ac 2760 Topic 1 Quiz

Quiz Submissions - Topic 1 Quiz Top of FormSelome Worku (username: selome.worku1)Attempt 1Written: Dec 13, 2017 1:30 AM - Dec 13, 2017 1:51 AMSubmission ViewYour quiz has been submitted successfully.Question 10 / 5 pointsTadeo, Inc. had the following account balances at September 30, 2015. What is Tadeo's net income for the month of September?Accounts Payable$ 5,800Capital Stock12,000Cash15,500Equipment14,300Fees Earned53,000Miscellaneous Expense16,800Rent Expense4,000Retained Earnings7,000Wages Expense17,850 A) $27,500B) $14,450C) $10,800D) $14,350Question 25 / 5 pointsUniveo, Inc. had revenues of $245,000, expenses of $180,000, and dividends of $45,000 during 2015. Which of the following statements is correct?A) Net income for 2015 totaled $65,000.B) Net income for 2015 totaled $20,000.C) Total retained earnings decreased by $20,000 during 2015.D) Total retained earnings increased by $65,000 during 2015.Question 35 / 5 pointsGiven the following list of accounts, calculate Total Assets:Accounts Receivable$ 10,000Capital Stock20,000Cash25,300Equipment16,800Fees Earned44,400Miscellaneous Expense17,800Rent Expense3,250Retained Earnings7,850Salaries Expense15,400Wages Expense15,000 A) $55,300B) $40,050C) $52,100D) $54,600Question 45 / 5 pointsUse the following information