Accounting 2401
East Carolina University
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Accounting 2401 Final Exam Study Guide
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Accounting 2401 Final Exam Study Guide
ACCOUNTING 2401 FINAL EXAM STUDY GUIDE
Accounting 2401 Final Exam Study Guide
Multiple Choice (2.5 points each)
1. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000.
Parker’s gross profit is
a. $24,000.
b. $27,000.
c. $45,000.
d. $90,000.
2. During 2014, Parker Ente...
Exam (elaborations)
Accounting 2401 Final Exam Study Guide
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Accounting 2401 Final Exam Study Guide ACCOUNTING 2401 FINAL EXAM STUDY GUIDE Accounting 2401 Final Exam Study Guide Multiple Choice (2.5 points each) 1. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker’s gross profit is a. $24,000. b. $27,000. c. $45,000. d. $90,000. 2. During 2014, Parker Ente...
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