The information below is provided for a company. What is the total amount of current assets?  Accounts payable                               $ 16,600 Buildings                                                 81,600 Cash                                                        12,100 Accounts receivable                              11,100 Salaries payable                                       6,100 Retained earnings                                  30,800 Supplies                                                    4,600 Notes payable (due in 18 months)       36,400 Interest payable                                       4,500 Common stock                                       15,000

Which of the following is FALSE regarding the Statement of Stockholders’ Equity?

Lilly Inc. had the following transactions during 2024: Purchased land costing $10,000 cash. Purchased supplies costing $1,000 cash. Provided services to customers for $5,000. The customers paid at the time of service. Paid $2,000 dividends to shareholders. Issued stock for $8,000 cash. Sold a building for $15,000 cash. What was the effect of the above transactions on Operating cash flow?  If increase – indicate with a positive number. If decrease – indicate with a minus sign “-“.

Provide an example (as discussed in class) of one of the primary external financial decision makers. I’m looking for a one word answer. There are multiple correct answers.

The primary purpose(s) of the accounting cycle “closing entries” is:

Lilly Inc. orders and pays for office supplies in February. The supplies are received in March. The company uses the supplies in April. When should Lilly Inc. record supplies expense?

Lilly Inc. reported retained earnings of $105,000 on 12/31/2025.  During 2025 Lilly declared and paid $900 dividends, incurred $7,668 in expenses, and earned $14,867 in revenues.  Some of the cash from the revenues was not received until 2026. What was the balance in the retained earnings account at the beginning of 2025?

Prompt: Both Ancient Egypt and Greece made significant contributions to the art category of sculpture.  One of the most characteristic features of Egyptian statuary is the pose of standing figures.  This pose communicates particular information to the viewer about the subject.  The Ancient Greeks adopted a pose used at the height of the classical period that forever changed the art of European western civilization art.   Question 1 – Analyze these two works of art by discussing the style and pose used to produce the works and how the style and pose relate to the societies in which they were created. Be sure to describe the style and pose that is displayed in the artwork. Logically and clearly note any differences and major points of comparison. Include an introduction and summary of major points. The focus of this essay is on content and not grammar, but please be logical, clear, and proof read prior to submitting.                                                                 Menkaure and Queen, 2490-2472 BCE                            Polykleitos, Doryphoros (Spear-Bearer), 450-440 BCE      

In an environment absent of any frictional forces, what is the change in potential energy if the change in kinetic energy is 300 J ?

SHOW ALL WORK on the following problems.  After you submit your test, take pictures of your work and upload them to Canvas using the link “TEST 3 Work” that is underneath the link for this test in Canvas.  Make sure that you show all work and write neatly and darkly enough for me to read it.  If I can’t see or read your work, I cannot give you any credit.   Please be sure to submit your work for these problems in “Test 3 Work” in the TEST REVIEW AND TEST MODULE by 8:00 am Wednesday, June 18, 2025.