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QUESTION 11 2 points A company's Adjusted Trial Balance: a will always have the same bottom total as that company's Unadjusted Trial Balance for the

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QUESTION 11 2 points A company's Adjusted Trial Balance: a will always have the same bottom total as that company's Unadjusted Trial Balance for the same period. bis only created at the end of every five years. c will probably not have the same bottom total as that company's Unadjusted Trial Balance for the same period Od will never balance properly e none of the above, properly. e. none of the above. QUESTION 12 2. 2 p. If we had Unearned Revenue of $8,000 on our balance sheet at the beginning of the period, but now at the end of the period we estimate that we have earned 40% of this, the adjusting entry will be: O a. Dr. Revenue for $3,200, and Cr. Unearned Revenue for 53.200. Ob Dr. Cash for $3,200, and C. Revenue for $3,200, Oe. Dr. Unearned Revenue for $4 800, and Cr. Revenue for $4,800 Od Dr. Unearned Revenue for 53.200, and Cr. Revenue for $3.200. e none of the above, QUESTION 13 2 points QUESTION 13 2 point If our business suffers a loss, the dosing entry to close Income Summary will include: a a credit to the Cash account. b. a credit to the owner's capital account Oc debit to the owner's capital account da debit to Income Summary Denone of the above, QUESTION 14 2 points The current value of a long term asset (with its accumulated depreciation taken away, is technically called: the asset's book value, the asset's magazine value. the asset's book deposit the assets teftover value QUESTION 15 Adjusting entries are prepared O a throughout an accounting period. Ob at the end of an accounting period cat the beginning of an accounting period. d whenever wish since we can choose who prepare them more febrer

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