Can you answer this Accounting 101 multiple choice questions?
. m t'r'q in In ' 6' " W L e 3 records and the bank's records are in agreement. bank as not recorded all of its transactions. 0. Am; d'. ' y rfferences between the deposrtor's and the bank's records should be sta fined, and any errors made b ' y either part should b ' corrected at the end of the accounting period. y e discovered and 6. "Fr ' he bank must make sure that its records are correct. 3. A bank reconciliation S . tatement I l . . . A ' 1 'IS equl] ed OI all buSIneSS entities under ID. If the ' allowance method of accounting for uncollectible receivables is enlIflEyed general led el aCCO I is (Z et [1 e( 1 'Nr e 3 b ' hat [In ' . ( ) A > V I ' g to It a Customer's yo: Uneollectible Accounts Ex e nse 6. Accounts Receivable p e. Allowance for Doubtful Account 3 cl. Bad Debts Expense y.' Accounts Payable Which of the followrng 15 included in the cost of construction of a building'7 a. interest on money borrowed to finance construction b. cost ofpavrng the parking lot ' 3. co: cfl: repairing vandalism damage during construction . ee '0 removin the demol'sh ' ' ' ' ' ' based g 1 ed building exrstmg on the land when it was 0. Iminsured theft mrs-amman tse inventory at the end of the accounting period was inadvertentl sam-am") in. The error was not discovered and the inventory at the end of th y Manning year was correctly stated. Which of the following statements 6 the effect of the error on assets and stockholders' equity at the ..r mg year? 26. The process of transferring the mm? n "Wii from the earth to an expense account is umm: a. depletion b. depreciation c. amortization d. deferral e'. the lower of cost or market (LCM) / 27. Expenditures that add to the utility of plant : accounting period are termed e 'a wnaiwtmw a. committed b. revenue c. current d. capital e. deferred 28. Patents are reported on the balance sheet in the a. current assets section b. property, plant, and equipment section c. intangible asset section d. investment section e. stockholders' equity section 29. Adherence to the same inventory cost flow rn. s example of the principle of a. materiality b. going concern c. consistency d. conservatism e. objectivity