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The Accumulated Depreciation account: A) represents the original cost of a plant asset. B) is another term for depreciation expense. C) is a contra asset

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The Accumulated Depreciation account: A) represents the original cost of a plant asset. B) is another term for depreciation expense. C) is a contra asset account. D) has a normal balance which is the same as its companion account. All of the following accounts are closed EXCEPT for: A) Dividends. B) Service Revenue. C) Utilities Expense. D) Cash. The following accounts and balances are taken from Moore Company's adjusted trial balance: What is the ending balance in Retained Earnings after the closing entries are completed? A) $21, 340 B) $13, 140 C) $10, 740 D) $38, 940 31) Operating income reflects: A) earnings from a company s core business activities which includes interest income. B) earnings from a company's core business activities. C) an important measure that investors to use to evaluate the liquidity of the business. D) income from a company's main and secondary business activities. Johnny Company deposited $25,000 in its bank on the same day as, but after the bank prepared Johnny Company's bank statement. The deposit should appear on the bank reconciliation as a (n)____and called a (n): A) subtraction from the bank balance; deposit in transit B) addition to the bank balance; outstanding deposit C) addition to the bank balance; deposit in transit D) subtraction from the bank balance; outstanding deposit

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