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Please answer all questions. Thank you 1. 1. The accounting process does not include: a. b. interpreting reporting purchasing d. observing e. classifying C. 2.
Please answer all questions. Thank you
1. 1. The accounting process does not include: a. b. interpreting reporting purchasing d. observing e. classifying C. 2. The financial statement or statements that pertain to a stated period of time is (are) the: a. b. c. d. c. balance sheet balance sheet and journals balance sheet and income statement income statement none of the above 3. External users of financial accounting information include: lenders d. labor unions b. prospective owners c. all of the above customers Expenses can be found in the C. 4. b. statement of owner's equity d. both bando income statement e. all of the above balance sheet c. I 5. This account does not appear on the income statement: . accumulated depreciation d. marketing expenso b. depreciation expense e interest expense C. sales revenue 6. A brand now company has a building costing $10,000, machinery costing $5,000, cash of $700, and a bank loan of $7,850. What is the owner's equity? 3. $8,850 b, $15,700 c. $7,750 d. cannot be determined c. $7,850 Step by Step Solution
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