LC of disclosure D) 09. The p eople och would A) so C) increase abilities D) decrease in 10. TheThe Copy has a building that it recently purchased for $400 million. Due to decliningrad pries, the current pris leis 500 The building will be reported on the balance sheet AJ S-400 milion B) $300 $200 million D) SO. r e for December is so A landlord received $5,000 a f Derber 2005 ron but the Which of the following is true for your ended 2007 A) $3.000 would be reported on the se t of cash flow B) $3.000 would appear on the balance sheets C) $8.000 weker on the stat e D) All of the above are true and Which of the following errors, each considered individually, would the trial balance to be balance? A) Payment of $148 to a creditor was posted as a debutto accounts payable and s et of 5143 B) Cash received from a customer was posted as a debit of $350 to cash and credit of $350 to payable. c) A payment of $59 for supplies was posted as a debit of $95 to supplies and cont of 595 to cash D) A transaction was not posted 13. Closing entries are made A) in order to terminate the business as an operating entity. B) so that all assets, liabilities, and stock holder's equity accounts will have zero balances when the accounting period starts. C) in order to transfer net income (or loss) and dividends to the retained earnings account D) so that financial statements can be prepared. Ana L ube 1.200