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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.
2.
3.
4.
5.
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 RentStep by Step Solution
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