Chapter 9, Problem 9.1CTEI

Which of the following is a real account?a) Capital Accountb) Salaries Expense Accountc) Sales Revenue Accountd) Discount Allowed

At the beginning of the recent period there were 850 units of product in a department, one-fourth completed. These units were finished and an additional 4,750 units were started and completed during the period. 720 units were still in process at the end of the period, one-fifth completed. Using the weighted-average valuation method, the equivalent units produced by the department were ____ units.

What is the main purpose of a cash flow statement?a) To report profits and lossesb) To show changes in equityc) To report cash inflows and outflowsd) To show the company's assetsneed help