7. _______ include(s) all changes in equity during a period except those resuling from transactions with owners.

A) Performance

B) Period-of-time elements

C) Comprehensive icome

D) Revenue

9. Under U.S. GAAP, _______ is an example of a period-of-time element and appears on the _________.

A) sales revenue, income statement B) accounts receivable, balance sheet C) salary payable, balance sheet D) depreciation expense, statemnt of shareholders' equity

12. Which of the following errors will NOT be revaled by the unadjusted trial balance?

A) failing to post one side of a journal entry B) incorrectly posting a debit for salaries expense to supplies expense C) posting a credit to cash for $5,400 as $4,500 while posting the debt to expense as $5,400 D) posting a $50,000 debt to accounts receivable as $5,000 while recording the credit to revenue as $50,000