49 Which of the following field of accounting is focusing on macro level and primarily addresses the entire financial situation of a company? OA. Taxations OB. Cost Accounting OC. Financial Accounting OD. Managerial Accounting QUESTION 50 In preparing a trial balance, which of the following accounts usually do not have debit balances? OA. Accounts receivable and rent expense OB. Common stock and mortagage payable OC. Accounts receivable and cash O D. Land and building QUESTION 51 Which of the following is considered as fixed assets? OA. Building OB. Prepaid rent OC. Dividend OD. Insurance expense QUESTION 52 In using the Straight Line Depreciation method, if the cost of a machinery is $120,000, its salvage value is $20,000 and has a useful life of 5 years. What is the book value at the end of the second year? OA. $90,000 OB. $100,000 OC $60,000 OD. $80,000