Accounting

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A partnership ________. A) is a business owned by two or more individuals B) has owners who are ... Started by Mr. Wonderful	1 Replies 77 Views	Jul 5, 2018 by Ashley I
A typical adjusting entry to record includes a debit to Cash and a credit to Sales. Indicate ... Started by CORALGRILL2014	1 Replies 135 Views	Jul 5, 2018 by jaaaaaaa
The owners of a corporation are called ________. A) shareholders B) partners C) stockholders ... Started by LCritchfi	1 Replies 103 Views	Jul 5, 2018 by joewallace
Adjusting journal entries are made at the beginning of each period. Indicate whether the ... Started by clippers!	1 Replies 149 Views	Jul 5, 2018 by lkanara2
Which of the following is true about a corporation? A) Corporations must have a minimum of two or ... Started by Shelles	1 Replies 81 Views	Jul 5, 2018 by izzat
On May 28, B-Z, Inc received an order from a customer for 300 of services. On June 3, B-Z received ... Started by aabwk4	1 Replies 121 Views	Jul 5, 2018 by JaynaD87
Adjusting journal entries are made at the end of each period before closing entries are recorded. ... Started by melina_rosy	3 Replies 380 Views	Jul 5, 2018 by meryzewe
Clean Sweep, Inc performed 300 in services and collected 200 at the time of service. The journal ... Started by asmith134	1 Replies 94 Views	Jul 5, 2018 by brbarasa
At year end December 31, 2010, McToil, Inc. owes its employees 15,000 for work performed in 2010. ... Started by mynx	1 Replies 97 Views	Jul 5, 2018 by ultraflyy23
Stock sold for the first time is called ________. A) issued B) traded C) capital D) ... Started by cartlidgeashley	1 Replies 101 Views	Jul 5, 2018 by laurnthompson
Stock may be purchased ________. A) on a stock exchange B) on the internet C) from a ... Started by cherise1989	1 Replies 79 Views	Jul 5, 2018 by asdfasdf
Net income equals ________. A) the gross profit on a sale B) operating income minus cost of ... Started by Tazate	1 Replies 138 Views	Jul 5, 2018 by bpool94
On May 3, Doe, Inc. performed 2,000 of services for a client on account. On May 27, Doe, Inc. ... Started by jrubin	1 Replies 71 Views	Jul 5, 2018 by makaylafy
On November 1, 2011, Delectable Edibles, Inc received 12,000 in advance for services to be performed ... Started by tth	1 Replies 117 Views	Jul 5, 2018 by TDubDCFL
The stock market is ________. A) located in New York City B) the general term used to refer to ... Started by futuristic	3 Replies 97 Views	Jul 5, 2018 by JYan
Proffitts, Inc. earned 5,500 in revenues of which 300 has not been collected. The journal entry to ... Started by sammy	1 Replies 82 Views	Jul 5, 2018 by maya.nigrin17@yahoo.com
Gross profit equals ________. A) sales minus cost of goods sold B) operating income minus cost ... Started by formula1	1 Replies 216 Views	Jul 5, 2018 by vseab
____ are defined as a set of data that describes an instance of the entity represented by a ... Started by kaid0807	1 Replies 156 Views	Jul 5, 2018 by dawsa925
If the buyer bears the freight costs related to a purchase, the terms are said to be FOB ... Started by abc	1 Replies 65 Views	Jul 5, 2018 by bblaney
Revs, Inc. collected 5,000 from a customer on May 15 for services to be performed in June. The May ... Started by lracut11	1 Replies 105 Views	Jul 5, 2018 by flannelavenger
On December 31, 2011, the unadjusted trial balance shows Supplies of 800. However, only 100 of ... Started by abc	1 Replies 90 Views	Jul 5, 2018 by joewallace
Busy Beaver had revenues of 2,000, cost of goods sold of 780, advertising expense of 100, and ... Started by lindiwe	1 Replies 69 Views	Jul 5, 2018 by Alyson.hiatt@yahoo.com
On January 1, 2011, Vango,Inc bought a delivery van that cost 25,000, expecting to use the van for ... Started by JGIBBSON	3 Replies 101 Views	Jul 5, 2018 by rekilledagain
A business form in which the partners are not personally liable for the malpractice of any of the ... Started by Metfan725	1 Replies 146 Views	Jul 5, 2018 by bigsis44
Generally accepted accounting principles (GAAP) ________. A) are a set of rules that a U.S. ... Started by sdfghj	1 Replies 177 Views	Jul 5, 2018 by spencer.martell