1. What determines whether the added value for analysis will be implemented?
   1. Full disclosure principle
   2. Measurement principle
   3. Revenue recognition principle
   4. Cost constraint principle
2. The current value of the AFDA is $2,000. Based on the % of Sales Method, Bad Debt Expense is calculated at $4,000 for the period. What will be the CR?
   1. $2,000 to Bad Debt Expense
   2. $2,000 to AFDA
   3. $4,000 to Bad Debt Expense
   4. $4,000 to AFDA
3. The current value of AFDA is $2,000. Based on the % of Aging Method, the uncollectible amount is estimated to be $4,000. What will be the CR?
   1. $2,000 to Bad Debt Expense
   2. $2,000 to AFDA
   3. $4,000 to Bad Debt Expense
   4. $4,000 to AFDA
4. Tardis, Co routinely records supply purchases directly to the income statement account. On 12/31 a physical count was performed and a total of $1,000 was estimated to be in storage. Assume all previous closing entries had been appropriately reverses. What account is DR?
   1. Supplies Expense
   2. Supplies
   3. Inventory
   4. PY Accounting Error
5. An insurance was purchased on 1/1 for $1,200 for the year. Assume all monthly entries were posted as required. What is the CR on 6/30?
   1. $200 to Prepaid Insurance
   2. $200 to Insurance Expense
   3. $100 to Prepaid Insurance
   4. $100 to Insurance Expense