Accouting help?

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I am at my wedding in florida and i have accounting homework, its a take home quiz of 10 questions. If anyone can help me with any of these i would greatly appreciate it, its due tonight and i am honestly pooped from the wedding so please help. It is a multiple choice quiz

1. Chapter 1鈥擨ntroduction to Accounting and Business Question MC #70

(Points: 2)

Al Shea is a stockholder and operator of SawTooth Company. As of the end of its accounting period, December 31, 2007, SawTooth Company has assets of $925,000 and liabilities of $285,000. During 2008, Al Shea invested an additional $50,000 in exchange for capital stock and was paid dividends in the amount of $30,000 from the business. What is the amount of net income during 2008, assuming that as of December 31, 2008, assets were $980,000, and liabilities were $255,000?

1. $725,000

2. $ 95,000

3. $ 65,000

4. $165,000

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2. Chapter 1鈥擨ntroduction to Accounting and Business Question MC #32

(Points: 2)

The objectivity principle requires that

1. amounts recorded in the financial statements must be based on independently verifiable evidence

2. accounting principles must meet the objectives of the Security and Exchange Commission

3. the Financial Accounting Standards Board must be fair and unbiased in its deliberations over new accounting standards

4. business transactions must be consistent with the objectives of the entity

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Accouting help?

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