1.(TCO 1) Which of the following would not be

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1.(TCO 1) Which of the following would not be considered an internal user of accounting data for a company? a. President of a company b. Controller of a company c. Creditor of a company d. Salesperson of a company

2.(TCO 1) Resources owned by a business are referred to as _____. a. stockholders equity. b. liabilities. c. assets. d. revenues.

3.(TCO 1) To show how successfully your business performed during a period of time, you would report its revenues & expenses in the _____. a. balance sheet. b. income statement. c. statement of cash flows. d. retained earnings statement.

4.(TCO 1) Henson Company began the year with retained earnings of 175,000. During the year, the company recorded revenues of 250,000, expenses of 190,000, & paid dividends of 20,000....

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