Which of the following would require an adjusting entry at the end of the current year?

	a.	Unpaid salaries at the end of the year.
	b.	Estimated bad debts in the following year
	c.	Cash received from customers for services to be performed next year
	d.	All of the above
	e.	A and B

Timberline Co. generally provides services for $1,200, but offers a $200 discount to senior citizens. When providing a service on account to a senior citizen for $1,000, Timberline would record the following:

	a.	Credit Service Revenue for $1,000
	b.	Debit Sales Discounts for $200
	c.	Credit Accounts Receivable for $1,200
	d.	Credit Service Revenue for $1,200
	e.	Debit Accounts Receivable for $1,200

The accounting group responsibility for the establishment of worldwide financial accounting rules is:

	a.	The International Accounting Standards Board
	b.	United Way
	c.	International Organization of Securities Commissions
	d.	The World Bank
	e.	The Financial Accounting Standards Board

Hayes Corporation issues 100 shares of its $1 par value common stock for $15 per share. The entry to record the issuance will include a:

	a.	Debit to Cash $1,500.
	b.	Credit to Additional Paid-In Capital $1,400.
	c.	Credit to Common Stock of $100.
	d.	Debit Dividends for $1,500
	e.	Three of the above answers are correct..

The net increase/decrease in cash reported in the Statement of Cash Flows equals:

	a.	Net income reported in the Income Statement
	b.	The change in stockholders equity reported in the Statement of Stockholders Equity
	c.	Stockholders Equity reported in the Balance Sheet
	d.	The change in the balance of the Cash account reported in the Balance Sheet
	e.	The amount of revenues less expenses and dividends during the year

If you could please show your work/reasoning, that'd be great!