Reconciliations and Financial Analysis Assessment
Graded Quiz • 30 min Quiz15 Questions Week 4
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Reconciliations and Financial Analysis Assessment

Graded Quiz • 30 min Quiz15 Questions Week 4
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Q:

When completing the reconciliation form, what amount should be listed as the (+/-) adjustment to BOOKS on the balance per book’s side?

Q:

Which of these accounts was not impacted by the 3/26/20 journal entry?

Q:

Selling expenses in March were more than double February’s amount. What might be the reason?

Q:

Accounts Payable had a beginning balance that was a Debit balance. What might this mean?

Q:

Which of these equations should be used to calculate Circuit Computer’s debt-to-equity ratio on March 31?

Q:

Which month in Q1 produced the highest net profit?

Q:

Which month in Q1 produced the highest net margin?

Q:

The owner of Circuit Computers doesn’t understand why the Cash Account balance doesn’t match the Net Profit on the P&L. Which statement or report would you review to help you answer this question?

Q:

What may be a reason the ACH Amazon Refund deposit on 3/30/20 was missed on the books? (Select ALL that apply)

Q:

Circuit Computers wrote a check for $12,000 to a vendor for additional supplies on 03/28/20 that had not cleared yet. Where would this be put on the bank reconciliation form that was completed on 3/31/20?

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