apu acct300 week 7 final exam 40 questionsapu acct300 week 7 final exam 40 questions
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APU ACCT300 Week 7 Final Exam /APU ACCT300 Week 7 Final Exam (APUACCT300WE)
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APU ACCT300 Week 7 Final Exam
Question
Question 1 of 40
In using the total cost concept of applying the cost-plus approach to product pricing, only profit
is covered in the markup.
True
False
Question 2 of 40
What is the effect of a stock dividend on the balance sheet?
A. Decrease total assets and decrease total stockholders’ equity
B. Decrease total assets and increase total stockholders’ equity
C. Increase total liabilities and decrease total stockholders’ equity
D. No effect on total assets, total liabilities, or total stockholders’ equity
Question 3 of 40
Hodges, Inc. had the following assets and liabilities as of September 30, 2013: Assets - $56,327
and Liabilities - $28,416. If assets increased by $3,914 and equity increased by $2,290 during
October, what is the increase or decrease in liabilities of Hodges as of October 31, 2013?
A.($1,624)
B.$1,624
C.$6,204
D.($6,204)
Question 4 of 40
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