7 Jackson Cement Corporation reported $35 mtion for sales when it only had 320 milhon of actual sales Which of the following qualities of useful information has Jackson most 8Company purchased a new Buadorer at a coat of S100.000 with a life or 5 years. Using Straight Ln reciation what would the entry be (assume one entry for the year.) a Depreciation Expense $20,000 Accumulated Depreciation $20,000 b. Depreciation Expense $100,000 Accumulated Depreciation $100,000 G. Accuwnulated Depreciation $20,000 Depreciation Expense$20,00o d. Accumulated Depreciation $100,000 $100,000 9 Joseph Company has Accounts Receivable of $420,000. Managers at Joseph have 000 of the receivables will never be collected. Using the direct write- determined that $20, off method, write-off these receivables: a Bad Debt Expense $20,000 Accounts Receivable $20,000 Accounts Receivable $420,000 Accounts Receivable $20,000 b. Bad Debt Expense $420,000 c. Write-off Expense $20,000 d. Accounts Receivable $20,000 Bad Debts Expense $%20,000 10. The quality of consistency enhances b. materiality c. comparability d faithful representation 11. One of the accounting concepts upon which adjustments for prepayments and accruals are based is: a. expense recognition b. cost c. monetary unit d economic entity