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Which of the following is a temporary account? Accumulated Depreciation Allowance for Doubtful Accounts Bad Debt Expense Unearned revenue All of the above are temporary

  1. Which of the following is a temporary account?

Accumulated Depreciation

Allowance for Doubtful Accounts

Bad Debt Expense

Unearned revenue

All of the above are temporary accounts.


2- Which of the following is LEAST helpful in trying to assess the financial performance of Mars Inc.?

A.

Spending the weekend blowing off cherry bombs (aka fireworks).

B.

Reading management's discussion and analysis in the 10-K

C.

Comparing Mars Inc.'s sales growth to the sales growth of its competitors.

D.

Analyzing the information in the footnotes of the financial statements.

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