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Please help me with the attached questions asap. thank you 1. Who is responsible for preparing a company's financial statements? The Financial Accounting Standards Board
Please help me with the attached questions asap. thank you
1. Who is responsible for preparing a company's financial statements? The Financial Accounting Standards Board Company management The company's tax department The audit committee of the Board of Directors The company's external auditor 5. Which of the following are assets? (check all that apply) Retained Earnings Accounts Receivable Cash Common Stock Accounts Payable 6. Which of the following accounts would be increased with a Credit? (check all that apply) Notes Payable Inventory Revenue Additional Paid-in Capital Prepaid Rent 10. Which journal entry reflects the following transaction?: BOC paid $3,000 upfront for next year's rent. Dr. Cash 3,000 Cr. Rent Expense Dr. Cash Cr. Prepaid Rent Dr. Rent Expense Cr. Cash Dr. Rent Revenue Cr. Cash Dr. Prepaid Rent Cr. Cash 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000Step by Step Solution
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