all of them are multiple choice. please send answer fast I only have 25 mins left.

1. Which of the following describes the classification and normal balance of the Retained earnings account?

	a.	Asset, debit.
	b.	Equity, credit.
	c.	Revenues, credit.
	d.	Expense, debit.

2. An expense incurred:

	a.	decreases assets and liabilities.
	b.	decreases equity.
	c.	leaves equity unchanged.
	d.	increases equity.

3. Gross profit is the difference between sales and:

	a.	operating expenses.
	b.	cost of sales.
	c.	profit
	d.	cost of sales plus operating expenses.

4. A perpetual inventory system would most likely be used by a:

	a.	juice bar.
	b.	hardware store.
	c.	motor vehicle dealership.
	d.	supermarket.

5. Which of the following users would not be considered an internal user of accounting data for a company?

	a.	the chief executive officer of the company.
	b.	the financial director of the company.
	c.	a creditor of the company.
	d.	a salesperson employed by the company.

6. If retained earnings increases from the beginning of the year to the end of the year, then:

	a.	profit is less than dividends paid.
	b.	dividends paid are greater than profit.
	c.	additional investments are less than losses.
	d.	profit is greater than dividends paid.

7.Recording depreciation each period is necessary in accordance with the:

	a.	going concern principle.
	b.	cost principle
	c.	period concept.
	d.	asset valuation principle.

8.The depreciation method that applies a constant percentage to the carrying amount at the end of year in calculating depreciation is:

	a.	straight-line.
	b.	units-of-production.
	c.	diminishing-balance.
	d.	none of these.