which of the following circum will result in a decrease income under both accural and cash basis a)payment of last period rent b)payment of this period rent c)paymnt of next period rent d)cash purchase of land e)purchase of equipment on acc

performing a service nd receiving a promise to pay from the customer would a)increase revenue b)decrease assets c)increase liabilities d)decrease expense e)decrease revenue

rent is paid one year in advance the paymnet is recorded as n asset prepaid rent and 1/12 of the amount each monthis recorded as rent xpense this is n example of the a)recognition b)neutrality c)realization d)matching e)product cost

under the accural basis acc the recognition of salaries earned nd immediate payment of salaries to emplyoe would a)increase asset b)increase owners equity c)increase net income d)decrease net incoem e)increass revenue

an acc tht may cause ethical conflict bcz its need for judgemnt is a)utilities expense b)acc payable c)acc receivable d)notes payable e)depreciation expense

liability for a cash dividend recorded on the a)stockholder appreciation date b)record date c)payment date d)declaration date e)dividends date

if sales amount to 150,000 rent expense $2000 utility expnse $3000 net income $55,000 how much cost of good sold a)$95,000 b)$145,000 c)$90,000 d)$50,000 e)$148,000

which financial ratio is required to reported on the face of the income statement of publicly held corporation a)earning per share b)price earning ration c)dividend yeild ratio d)dividend payout ratio e)inventory turnover ratio

if expired insurence not record at the end of the current acc period net incoem will be overstated a)true b)false

the accountant uses adjusting entries to record implicit transection at the end of each reporting period a)true b)false