ACCT ch3 practice quiz - The costs of selling goods or...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The costs of selling goods or rendering services used in the process of earn Another term for expense is: Revenues are increases in stockholders' equity and result from: Making an assumption about periodicity attempts to solve which income me t way to assign revenues and expenses to a short period of time. Which of the following is not an example of accrual accounting? Which of the following accounts is used in accrual accounting but not in the ceipt or payment of cash is recorded directly as a revenue or expense. All transactions can be easily assigned to specific accounting period A journal entry in which the Rent Expense account is debited and the Prepa Continuity refers to: Use this information to answer the following question. Marseille Company began operations on July 1, 2010. The following accoun Cash: $5,100 Accounts Receivable: $23,200 Office Supplies: $1,200 Equipment: $45,000 Accumulated Depreciation, Equipment: $4,500 Accounts Payable: $7,400 Wages Payable: $2,450 Common Stock: $56,500 Dividends: $20,800 Fees Earned: $48,200 Rent Expense: $13,200 Wages Expense: $5,750 Income Taxes Expense: $1,100 Utilities Expense: $3,700 What was Marseille Company's net income for the six months ended Decem...
View Full Document

This note was uploaded on 03/28/2011 for the course ACCT 2301 taught by Professor G.a.gross during the Spring '11 term at Richland Community College.

Page1 / 18

ACCT ch3 practice quiz - The costs of selling goods or...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online