Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3.4- *PLEASE ANSWER ALL 5 QUESTIONS* 5 multiple choice questions. 1. 2. 3. 4. 5. 12,000 in advance for an agreement to provide office space

3.4-*PLEASE ANSWER ALL 5 QUESTIONS*

5 multiple choice questions.

1.

image text in transcribed

2.

image text in transcribed

3.

image text in transcribed

4.

image text in transcribed

5.

image text in transcribed 12,000 in advance for an agreement to provide office space for one year beginning immediately. ased on this information alone, Multiple Choice the Year 3 income statement would show $9,000 of rent revenue. the Year 3 balance sheet would show $9,000 of rent revenue. the Year 2 income statement would show $3,000 of unearned rent revenue. the Year 2 balance sheet would show $3,000 of unearned rent revenue. Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows Multiple Choice Purchased land for cash Purchased supplies for cash Paid rent expense Paid dividends to stockholder Multiple Choice Account numbers 2,4 , and 5 will appear on the income statement. Account numbers 1,3 , and 8 will appear on the balance sheet. Account numbers 2,5 , and 8 will appear on the statement of cash flows. Account numbers 4,5 , and 6 will appear on the statement of changes in stockholders' equity. 1) On March 1, paid $1,680 to purchase insurance coverage for one year beginning immediately. ased on this information alone, Multiple Choice the Year 2 income statement would show $1,400 of prepaid insurance. the Year 2 income statement would show $280 of insurance expense. the Year 2 balance sheet would show $1,400 of insurance expense. the Year 2 balance sheet would show $280 of prepaid insurance. Which of the following accounts would not appear on a balance sheet? Multiple Choice Service Revenue Supplies Unearned Revenue Prepaid Rent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Compilation Of University Level Assignments Marketing Audit Approach

Authors: Emeka Anyaduba

1st Edition

1475098057, 978-1475098051

More Books

Students also viewed these Accounting questions

Question

=+2. Are there circumstances where hope is maladaptive?

Answered: 1 week ago

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

What are the skills of management ?

Answered: 1 week ago

Question

Organizing Your Speech Points

Answered: 1 week ago