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The depreciation of equipment will require an adjustment that results in A. total assets increasing and total expenses increasing. B. total assets increasing and total expenses decreasing. C. total assets and expenses decreasing. D. total assets decreasing and total expenses increasing.
The depreciation of equipment will require an adjustment that results in: total assets decreasing and total expenses increasing.
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Asked 4/29/2015 3:15:11 PM
Updated 4/30/2015 5:40:53 AM
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The depreciation of equipment will require an adjustment that results in: total assets decreasing and total expenses increasing.
Added 4/30/2015 5:40:53 AM
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The financial statement that shows revenue and expenses for a period of time is the A. balance sheet. B. income statement. C. statement of owner’s equity. D. statement of cash flows.
Question
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Updated 4/28/2015 10:20:46 AM
1 Answer/Comment
The financial statement that shows revenue and expenses for a period of time is the: INCOME STATEMENT.
Added 4/28/2015 10:20:46 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/28/2015 10:34:55 AM]
A business provided services to a cash customer. To record this transaction, A. an asset is debited, and a liability is credited. B. an asset is debited, and a revenue is credited. C. an expense is debited, and Capital is credited. D. None of the above
Question
Updated 11/21/2015 12:25:57 PM
1 Answer/Comment
A business provided services to a cash customer. To record this transaction, an asset is debited, and a revenue is credited.
Added 11/21/2015 12:25:57 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [4/13/2016 5:01:45 AM]
The 12-month period a business chooses for its accounting period is a/an A. calendar year. B. accounting period. C. fiscal year. D. accounting cycle.
Question
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Updated 1/10/2016 9:00:43 AM
1 Answer/Comment
The 12-month period a business chooses for its accounting period is a fiscal year.
Added 1/10/2016 9:00:43 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [1/10/2016 9:13:25 AM]
Closing entries are prepared A. to clear all temporary accounts to zero. B. to update the Capital balance. C. at the end of the accounting period. D. All of the above
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Updated 5/8/2015 6:42:42 AM
1 Answer/Comment
Closing entries are prepared to clear all temporary accounts to zero, update the Capital balance are prepared at the end of the accounting period. The answer is ALL OF THE ABOVE.
Added 5/8/2015 6:42:42 AM
This answer has been confirmed as correct and helpful.
Convert: 13,200 ft = ________ mi A. 2 B. 3.2 C. 2.5 D. 4
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Updated 4/29/2015 10:22:45 PM
1 Answer/Comment
13,200 ft = 2.5 mi
Added 4/29/2015 10:22:45 PM
This answer has been confirmed as correct and helpful.
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