Online Access Free HBX.CORe.v2022-02-22.q90 Practice Test (Page 11)

CORe Exam Question 46

Which of the following options is an example of owner's equity?

A.Cash raised by issuing bonds

B.Additional paid-in capital

C.Long-term equity investment in another company

D.Obligation to pay common stock dividends that have already been declared

CORe Exam Question 47

Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?

A.Cost of goods sold

B.Inventory

C.Capital expenditures

D.Accounts receivable

CORe Exam Question 48

A new technological improvement is invented for the production of coffee. At the same time, the price of tea (a substitute for coffee) decreases, and the price of sugar (a complement to both coffee and tea) increases. What is the known result for the new equilibrium for coffee?

A.Quantity and price both increase

B.Price decreases

C.Price increases

D.Quantity and price both decrease

CORe Exam Question 49

A college has recently finished building a new dining hall on campus. School administrators wish to survey students regarding their thoughts on the new dining hall. Which of the options below represents a correct sampling method?

A.An administrator surveys the first 50 students that enter the new dining hall that evening.

B.The administrators randomly select students from each class who are then surveyed via phone.

C.An administrator surveys the first 50 students that arrive to hear a guest speaker.

D.The school posts a survey on their Facebook page and collects responses from current students.

CORe Exam Question 50

Which of the following options is an example of revenue?

A.An order for $3,000 received from a customer

B.$10,000 received from a customer for goods purchased a month ago

C.$300 received from a customer when they purchased and received an item

D.$20,000 received as a down payment from a customer when they placed their order

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CORe Exam Question 46

CORe Exam Question 47

CORe Exam Question 48

CORe Exam Question 49

CORe Exam Question 50

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