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In an economy, over the last decade, each of the top five decile groups has experienced a fall in their share of total income. In contrast, the bottom five decile groups have experienced a substantial increase in their share of total income.

It can be concluded that over this period the distribution of income is most likely to have become?

Which et the toltowing in the lome Haulls" wet?

$0$

$2$

CathAccounts ReceivableShort term cash investmentDj

$*$

Both A and DWhich of the following is not a control over petty cash?Keep a specific amount of cash on hand

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$8$

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C

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Keep the petty cash box in a common area.Support all fund payments with a petty cash ticket or receipt.Designate an employee to administer the fund as its custodian

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$4$

$.$

The selling price of a f

$-$

shirt with a target gross percentage of

$1$

$5$

$\%$

and a cost of $

$1$

$0$

is:$

$1$

$3$

$.$

$3$

$3$

$6$

$8$

$1$

$7$

$3$

$3$

B

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$

$1$

$1$

$.$

$7$

$6$

D

$)$

$

$1$

$5$

$,$

$0$

$0$

$5$

: XYZ Co

$,$

purchased $

$1$

$0$

$0$

of products on credit. Assuming

$5$

$\%$

GST what amount will be recorded to Accounts Payable

$($

$"$

AP

$"$

$)$

$?$

A

$)$

$

$1$

$0$

$5$

debited to APC

$)$

$

$1$

$0$

$0$

credited to APE

$)$

$

$9$

$5$

credited to APB

$)$

S

$1$

$0$

$5$

credited to APD

$)$

$

$1$

$0$

$0$

credited to AP

$6$

$.$

Which accounting principle requires expenses to be recorded in the same period as the associated revenues are recognized?A

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Consistency PrincipleB

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Faithful RepresentationE

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Matching PrincipleB

$)$

Materiality PrincipleD

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Specific Identification

$7$

$.$

Which of the following is not a financial statement?A

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Income StatementC

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Balance SheetE

$)$

Bank ReconciliationF

$)$

B & EG

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All of the above are financial statementsB

$)$

Trial BalanceD

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Statement of Cash Flows

$8$

$.$

Company XYZ has a loss for the year. What would the entry be to close out the Income Summary account during the closing entries?A

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Debit Capital and credit Income SummaryB

$)$

Debit Income Summary and credit CapitalIf Company A sells merchandise with the terms FOB Shipping Point, Company A is required to include the merchandise in transit in its inventory count.A

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TrueB

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False

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The Donut Stop acquired equipment for $$26,000.$ The company uses straight$-$line depreciation and estimates a residual value of $$4000$ and a four$-$year service life. At the end of the second year the company estimates that the equipment will be useful for four additional years, for a total service life of six years rather than the original four. At the same time, the company also changed the estimated residual value to $$1600$ from the original estimate of $$4,000.$

Required:

Calculate how much The Donut Stop should record each year for depreciation in years $3$ to $6$