Please complete the practice worksheet for studing.

>Multiple Choice Questions 1. Which one of the following is not an external user of financial information? (A) Stockholders (B) Creditors (C) Internal Revenue Service (D) Top company management 2. Which of the four basic financial statements would contain a line item for Dividends? (A) Balance sheet (B) Income statement (C) Statement of equity (D) Statement of cash flows 3. Which one of the following is not a current liability? (A) Taxes payable (B) Accounts payable (C) Wages payable (D) Wage expense 4. An income statement does not include which of the following? (A) Operating expenses (B) Cost of goods sold (C) Retained earnings (D) Sales 5. Cash collected on accounts receivable would produce what effect on the balance sheet (A) Increase liabilities and decrease equity (B) Decrease liabilities and increase equity (C) Increase assets and decrease assets (D) Decrease assets and decrease liabilities 6. The Cash T-account has a beginning balance of S32,000. During the year. S244.000 uas debited and S249,000 was credited to the account. What is the ending balance of casi. (A) (S5,000) (B) $37,000 (C) $27,000 (D) Cannot be determined from the information given