Given the following: Decrease in Prepaid Experises Decrease in Linearned over Increase in Accrued Expenses Cash pak for expenses S7 59 $50 What is accrual basis expenses? Select one: O a $45 O b. $63 O c. $55 O d. 552 e. $37 Clear my choice Venice Corp. maintains its accounting records on the cash basis but restates its financial statements to the accrual method of accounting. Venice had $120,000 in cash-basis pretax income for 2018. The following information pertains to Venice's operations for the years ended December 31, 2018 and 2017: Accounts receivable Accounts payable 2018 560.000 30,000 2012 $40 000 20.000 Under the accrual method, what amount of income before taxes should Venice report on its December 31, 2018 income statement? Select one: O a $150,000 O b. $90,000 c. $130,000 O d. $110,000 O e. $190,000 Clear my choice EL S W Given the following: 1/1/13 Total Assets 12/31/13 Total Assets 1/1/13 Total La 12/31/13 Total 2013 Dividends 2013 Contributions from Owners 2013 Increase in Treasury Stock $100 $80 $37 $35 $15 $18 2013 Net Loss is: Select one O a. $19 O b. $16 O $6 O d. $12 O $27 The Walton Company collected an accounts receivable and recorded this journal entry Cash Uhamed Revenue XOX XX Determine the effect of the error on the following: Select one a. Assets Overstated, Liabilities Overstated O b. Assets No Error Liabilities No Error O c. Assets Overstated, Liabilities Understated d. Assets Overstated, Liabilities No Error O e Assets No Error Liabilities Understated Cleat.my choice ::: W EN On January 1, 2016. Colt Co, issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 10% payable annually on January 1. The bonds were priced to yield 12%. The approximate total issue price of the bonds was: Select one O a $1,122,888 O b. $886,992 O c. $1,134,198 O d. $926,399 O e. $1,077,217