Which asset category would a patent fall under? 

Company X has sales of $950,000, COGS of $540,000, selling expenses of $180,000, and administrative expenses of $120,000. What is operating income?  

Gross profit is $480,000, operating income is $300,000. What are total operating expenses?  

What type of account is Allowance for Doubtful Accounts?

The balance sheet is sometimes referred to as the: 

If a company has discontinued operations, it should be reported:  

Which of the following transactions would increase total assets and total liabilities?

Accumulated depreciation is a:  

Which of the following is NOT a current liability? 

Sales revenue is $600,000, COGS is $360,000, and operating expenses total $180,000. What is net income before other items?