1

Amounts paid by a company for the current year to advertise jobs on LinkedIn are considered which of the following:

Group of answer choices

Expense on the income statement

Fixed Asset on the balance sheet

Intangible Asset on the balance sheet

2

What is something of value that a business is in possession of or that is due to the business?

Group of answer choices

Asset

Expenses

Liability

3

A business's revenue must always be in the Sales account on the income statement.

Group of answer choices

True

False

4

What is the way a business gradually records the cost of a delivery truck with its use over a ten-year period.

Group of answer choices

Record amortization expense for part of the cost of the truck on the income statement each year.

Record depreciation expense for part of the cost of the truck on the income statement each year.

Record the full cost of the truck on the income statement each year.

5

Under what section of the 2021 fiscal year's balance sheet are the amount of salaries for the two weeks employees worked at the end of the business's 2021 fiscal year that it owes and will pay at the beginning of the new, 2022 fiscal year?

Group of answer choices

Noncurrent Assets.

Noncurrent Liabilities

Current Assets.

Current Liabilities.

6

If a corporation does not experience a loss pays out all its profits in dividends year after year, its Retained Earnings account will:

Group of answer choices

stay the same amount.

decrease.

increase.

7