ment FULL SCREEN PRINTER VERSION BACK NEXT Question 3 Joe Refreh Ltd. began with retained earnings of $400,000. The company earned $150,000 during the year, and paid a dividend of $100,000. The ending retained earnings balance is $150,000 $650,000 $425,000 $450,000 By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question 4 The concept that economic activity which can be identified with a particula company must be kept separate and distinct from the owner(s) and from all other economic entities is known as the separation concept, the reporting entity concept the economic concept. the business organation concept. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question 6 Which of the following is the usual order for assets to appear on a Canadian statement of financial position? current assets; long-term investments; property, plant, and equipment current assets; long-term investments; property, plant, and equipment; intangible assets current assets; property, plant, and equipment; intangible assets; long-term investments current assets; property, plant, and equipment; long-term investments By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 Question 8 The following balances and amounts were taken from the financial statements of Freddo, Inc. Cash $200,000 Accounts receivable 47,000 Gross profit 350,000 Net sales 800,000 Net income 46,000 Shareholders' equity 200,000 Total assets 400,000 The debt to total assets ratio is 60% 50% 30%. 40% By accessing this Ouestion Assistance. you will learn while you earn points based on the Point Potential Policy set by va Question 9 What is the name of the qualitative characteristic that the use of the same accounting principles enables evaluation of one company's results relative to another company faithful representation relevance comparability understandability