Question
1. At December31,2022 Gordon Inc. actual income tax for the year is $15,000.Duringthe year Gordon Inc has paid income tax instalments totalling $12,000.The remaining income
1. At December31,2022 Gordon Inc. actual income tax for the year is $15,000.Duringthe year Gordon Inc has paid income tax instalments totalling $12,000.The remaining income tax balance is due on April 2023.Selectthe correct adjusting entey
2. Under IFRS,which of the dollowing is generally guideline for recognizing revenue?
3.If supplies are recorder as assetswhen purchased,the credit to suppliesin the adjusting entry is for the amount of supplies?
4.At December 31,2022,before any year end adjustment,Sunland Corp.'s Insurance Expense account had a balance of $920 and its Prepaid Insurance accounr had balance of $3,640.It was determined that $1,660 of the prepaid insurance had expire,The adjusted balance for Insurance Expense for the year would be?
5.What is Accrued revenues
6.
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