APU ACCT300 Week 7 Quiz 7 /Verified Answer/All correct/Score 100%

APU ACCT300 Week 7 Quiz 7



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