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Question 21 Which of the following does not result in the accrual of an expense at your Select one. - Office supplies purchased at the beginning of the year, the majority of which has been wed by you b. Rent income recognized during the year, to be received at the end of year c. Depreciation for an equipment obtained at the beginning of the year, d. Utilities used during the year, to be paid in the first quarter of the subsequent year. Clear my choice at the end of the cu Net income Cash dividends declared and paid 60,000 Unrealized holding loss from available-for-sale securities anet of tax 5.000 Retained earnings, beginning of the year 400,000 Common stock 200,000 Accumulated Other Comprehensive Income, beginning of the year 25,000 What would Canton Transportation report as total stockholders' equity? Select one: a $840,000 b. $860,000 c. $600,000 d. $640,000 Question 23 Neutrality means that information Set one provides benefits which are at least equal to the costs of its preparion b. can be compared with similar information about an enterprise at other points in time c. would have no impact on a decision maker. d. cannot favor one set of interested parties over another. Question 25 Kaiser Industries operates in a location where hurricanes are rare in the month of Kaiser suffered losses of inventory due to a hurricane. How should account to this loss? et one Kaiser should record this loss as part of the Operating Expenses b. Kaiser should credit the Cash account for the dollar amount of Inventory lost, c. Kaiser should credit Loss from hurricane. d. Kaiser should debit Loss from hurricane. Question 31 Which one of the following would be considered a discontinued operation? Select one a. Apple stops selling its original Iphone which was released in 2007 b. Google expands its search engine business into China. c. Walmart closes all its stores in Canada. d. Macy's closes 100 stores nationwide