Question 10 1 which of the following is a permanent

This preview shows page 2 - 4 out of 4 pages.

5 points Question 10 1. Which of the following is a permanent account? 2. Wages expense 3. Salaries payable 4. Service revenue 5. Utilities expense 5 points
Question 11
5 points Question 12 1. Reversing entries are __________.
5 points Question 13 1. The net income of Hendley Company for the year is $25,000. Withdrawals during the year were $30,000. No new capital contributions were made during the year. Which of the following statements is TRUE?
5 points Question 14 1. Brownstone Company has a current ratio of 4.00. This indicates that the company has $4 in __________. 2. current liabilities for every $1 of current assets 3. total assets for every $1 of current liabilities 4. current assets for every $1 of current liabilities 5. total assets for every $1 of current assets
5 points Question 15 1. The current ratio measures __________.
5 points

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture