1. Salaries owed but not yet paid is an example of which of the following?

a. accrued expense

b. accrued revenue

c. deferred expense (prepaid expense)

d. deferred revenue (unearned revenue)

2. On which financial statement would the Supplies account appear?

a. Balance Sheet

b. Income Statement

c. Retained Earnings Statement

d. Statement of Cash Flows

3. On which financial statement would the Dividends account appear?

a. Retained Earnings Statement

b. Balance Sheet

c. Income Statement

d. Statement of Cash Flow

4. Which of the following is any reporting period shorter than a full year (fiscal or calendar) and can encompass monthly, quarterly, or half-year statements?

a. interim period

b. fiscal year

c. calendar year

d. fixed year

5. Which of the following is a twelve-month reporting cycle that can begin in any month, except January 1, and records financial data for that twelve-month consecutive period?

a. fiscal year

b. fixed year

c. interim period

d. calendar year