Concept trial balance 10 as she prepared financial

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CONCEPT Trial Balance 10 As she prepared financial documents to be discussed at her company's annual shareholders' meeting, Linda added an appendix to the financial overview that details all financial transactions in the last fiscal year. Which of the accounting principles below is she observing? Measurement Principle
Matching Principle Full Disclosure Principle Time Period Principle CONCEPT Conceptual Framework and Principles 11 If Megan has completed the drawing closing entry, which of the following will she complete next in the closing process?
Prepare a post closing trial balance of the account Prepare a revenue closing entry Prepare an earnings summary Prepare the balance of the income summary account CONCEPT Closing Entries 12 What is Bill’s ending owner’s equity on a statement of changes in owner's equity if his records show $8,000 in investment by owner, $25,000 in net income, $9,000 in expenses and $4,000 in owner drawings?
CONCEPT Preparing Statements of Changes in Owner's Equity 13 As she performs the closing process, which step did Lily complete directly before determining the balance of the income summary account?
Closing Entries 14 Susan is the owner of a company in which she originally invested $10,500. On her most recent balance sheet her liabilities total $3,000 and her assets total $19,000.

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