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Multiple choice a). Which of the following assets are not depreciated? A- buildings B-land C- office equipment D- delivery vans b).Current assets are $300,000
Multiple choice a). Which of the following assets are not depreciated? A- buildings B-land C- office equipment D- delivery vans b).Current assets are $300,000 of the total assets of $1,000,000. Current liabilities are $200,000 of the total liabilities of $700,000. What is the current ratio? A- 1.40 B- 1.50 C- 1.428 D- 1.75 c).$24,000 in deferred revenues were received, correctly documented, and placed into the company's ledger. At the conclusion of the accounting period, one-fourth of the unrecorded deferred income had been earned. The adjusting entry must include: A- a debit to Unearned Revenues and a credit to Revenues for $6,000. B- a debit to Unearned Revenues and a credit to Cash for $6,000. C- a debit to Unearned Revenues and a credit to Accounts Payable for $6,000. D- a debit to Cash and a credit to Revenues for $6,000.
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