Question: Hey ya'll, could I get some help here? Question 1. 1. ________ is considered a long-term asset. (Points : 20) Abuilding scheduled to be demolished

Hey ya'll, could I get some help here?

Question 1.1.________ is considered a long-term asset. (Points : 20)
Abuilding scheduled to be demolished in 9 months Unearned revenue Furniture Inventory
Question 2.2.The accounting worksheet is used at the end of the period as a tool to help accountants do all of the followingEXCEPT________. (Points : 20)
make adjusting entries analyze and journalize transactions prepare financial statements close the accounts
Question 3.3.After closing all revenue and expense accounts during the closing process, there is a debit balance in the income summary account. This debit balance means that ________. (Points : 20)
there was positive cash flow for the period there was negative cash flow for the period there was net income for the period there was a net loss for the period
Question 4.4.________ normally occurs throughout the period in the accounting cycle. (Points : 20)
Preparing financial statements Closing the accounts Adjusting the accounts through adjusting entries Journalizing transactions

Question 5.5.The income statement column of the accounting worksheet contains only ________ accounts (Points : 20)

debit credit temporary permanent

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