Reference no: EM132790107
Problem 1. Which of the following is not part of the recording process?
a) Analyzing transactions.
b) Preparing a trial balance.
c) Entering transactions in a journal.
d) Posting transactions
Problem 2. Adjustments for prepaid expenses:
a) decrease assets and increase revenues.
b) decrease expenses and increase assets.
c) decrease assets and increase expenses.
d) decrease revenues and increase assets.
Problem 3. Which types of accounts will appear in the post-closing trial balance?
a) Permanent (real) accounts.
b) Temporary (nominal) accounts.
c) Accounts shown in the income statement columns of a work sheet.
d) None of the above.
|
Find percentage change in real gdp
: From the Bureau of Economic Analysis Web page (www.bea.gov), compare real GDP for 1970, 1980, 1990, 2000, and 2010. Show the percentage change in real GDP over
|
|
What is the amount of cash received
: What is the amount of cash received? Blue Company on July 15 sells merchandise on account to Cherry Co. for OMR 1,000, terms 2/10
|
|
Determine major aspects that demonstrate new world exchanges
: Write a one to two (1-2) page outline in which you: Determine three (3) major aspects that demonstrate Old and New World exchanges.
|
|
Calculation of aggregate consumption
: In the income expenditure C+I+G+NX=Y, C denotes aggregate consumption. In the list below, choose the two(2) elements that enter the calculation of aggregate con
|
|
Which types of accounts will appear in the post-closing
: Which types of accounts will appear in the post-closing trial balance? Which of the following is not part of the recording process?
|
|
Establish a production cost worksheet
: Beginning work in process was 25% complete to conversion. Establish a production cost worksheet if spoilage is recognized and weighted-average method is used
|
|
Understate the true extent of inflation
: Suppose 'i-phones' are the part of the market basket used to compute the CPI. Assume the price of new model of 'i-phone' is unchanged from the previous
|
|
What do you think in the context of wwii
: To continue on the discussion of last week's post, what is up with America's desire to go to war to preserve democracy? Is it necessary?
|
|
What amount of current income tax liability should reported
: Rent received in advance 1,600,000. What amount of current income tax liability should be reported at year-end
|