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Which of the following are classified on the balance sheet as intangible assets? Select all that apply. a) business licence b) inventory c) copyright d)

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Which of the following are classified on the balance sheet as intangible assets? Select all that apply. a) business licence b) inventory c) copyright d) supplies e) deferred revenue f) accounts receivable g) patent On trademark 1) cash O prepaid rent A sale of inventory on account affects which accounts on the seller's books? a) Sales and cash both increase, and cost of goods sold and inventory both decrease b) Sales and accounts payable both increase, and cost of goods sold and inventory both decrease c) Sales and accounts receivable both increase, and cost of goods sold and inventory both decrease d) Sales, accounts payable, and cost of goods sold all increase, and inventory decreases e) Sales, cash, and cost of goods sold all increase, and inventory decreases f) Sales, accounts receivable, and cost of goods sold all increase, and inventory decreases A purchase of inventory on account affects which accounts on the purchaser's books? a) Sales, accounts payable, inventory and cost of goods sold all increase O b) Purchases, accounts payable, and inventory all increase c) Only inventory and accounts payable both increase d) Only purchases and accounts payable both increase e) Purchases, inventory, and cost of goods sold all increase, and cash decreases f) Inventory increases and cash decreases At the end of the year, Heath Company's accounting records showed that they had 60 items in stock at a FIFO cost of $12 each. These normally sell for $30 each. However, the physical inventory count found only 50 items. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end? Enter digits only, with no commas, decimal points, or dollar signs. Type O if no adjustment is needed. A/ The information below reflects all the inventory transactions for one month. July 01 - Balance 190 units @ $10 each July 10- Purchased 380 units @ $9 each July 17- Sold 285 units for $20 each July 22- Purchased 190 units @ $8 each July 30- Sold 325 units for $20 each The value of the inventory at the end of the month is Enter digits only, no dollar signs, commas, or decimal points

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