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8. Which of the following events involves an accrual? A. a cash payment received from a customer before services are provided B. supplies purchased with
8. Which of the following events involves an accrual? A. a cash payment received from a customer before services are provided B. supplies purchased with cash but not yet used C. interest earned but not received D. A and C
9. The following selected account balances were drawn from the 2012 balance sheet and income statement of Fultz Company: Based on the above information, what is the balance of Common Stock for Fultz Company? A. $750 B. $1,550 C. $1,050 D. $2,050
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