Acct 2401 Study guides, Class notes & Summaries

Accounting 2401 Final Exam Study Guide Fall 2022-2023 Last document update:   ago

Accounting 2401 Final Exam Study Guide Fall 2022-2023 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 Enterprises generated revenues of $90,000. The company’s expenses were as fol...