Question: QUESTION 18 Organization costs should be categorized as A. intangible asset B. long-term investments. C. operating expenses. D. operating revenues QUESTION 19 Retained earnings represents:

B. long-term investments. C. operating expenses. D. operating revenues QUESTION 19 Retained

QUESTION 18 Organization costs should be categorized as A. intangible asset B. long-term investments. C. operating expenses. D. operating revenues QUESTION 19 Retained earnings represents: A. cash available for dividends. B. income retained in a corporation. C. cash available for expansion and growth. OD. the amount initially invested in the business by stockholders. QUESTION 20 A characteristic of a corporation is that it is an entity that is separate and distinct from its owners. True False QUESTION 21 Treasury stock is a contra-asset account. True O False QUESTION 22 In the presentation of stockholders' equity, what information is listed last? A. Retained earnings B. Preferred Stock C. Treasury Stock OD. Common Stock

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