Question: need explanations if possible 1. The shareholders would clect the: a. The Audit Committeo b. The Auditom c. The CEO d. The SEC e. Boird

need explanations if possible

1. The shareholders would clect the: a. The Audit Committeo b. The Auditom c. The CEO d. The SEC e. Boird of Directors: 2. A company has assets of $1,000, liabilities of 5600 , fevenues of $1,500, and expenses 51,200 . What is its stockholder's equity? a. $300 b. $600 c. $1,900 d. $400 c. $1,600 3. What is the common name given to the board which appoints a company's CEO? a. Generally Accepted Accounting Principles (GAAP) b. Securities and Exchange Commission (SEC) c. American Institute of Certified Public Accountants (AlCPA) d. Bond of Directors (BOD) e. Financial Accounting Standards Board (FASB) 4.A company would fle fewer: a. Foms 10Q b. Forms 10-K 5. A company has the followine account balances in its first year of operations (all amounts in dollars). What are the company's total assets? a. $3,210 b. $790 c. $850 d. $910 c. $650

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