Be received on february 15 the adjusting entry

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Finite Mathematics and Applied Calculus
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Chapter 3 / Exercise 17
Finite Mathematics and Applied Calculus
Costenoble/Waner
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be received on February 15. The adjusting entry required by Great Kids Co. on January31includes: A. A credit to Child Care Fees Earned of $4,500.B. A debit to Child Care Fees Receivable of $9,000.C. A debit to Unearned Child Care Revenue of $4,500.D. A debit to Fees Receivable of $9,000.
103.Adjusting entries help achieve the goals of accrual accounting by applying the following two accounting principles:
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Finite Mathematics and Applied Calculus
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Chapter 3 / Exercise 17
Finite Mathematics and Applied Calculus
Costenoble/Waner
Expert Verified
104.Which of the following is the accounting principle that governs the timing of revenue recognition?
105.Which of the following accounting principles is concerned with offsetting revenue with the expenses incurred in producing that revenue?
106.Dolphin Co. received $1,500 in fees during 2014, 1/3 of which will be earned in 2015, therest was earned when the amount was received. The company should report which of the following amounts as income in 2014? A. $1,500.B. $500.C. $1,000.D. $0.
107.Swordfish Co. earned $75,000 in 2013 and expects to receive 2/3 of the amount in 2014 and the remainder in 2015. How much revenue should Swordfish Co. report in 2013?
108.The concept of materiality:
109.Which of the following statements concerning materiality is true?
110.The concept of materiality: A. Treats as material only those items that are greater than 2% or 3% of net income.B. Justifies ignoring the matching principle or the realization principle in certain circumstances.C. Affects only items reported in the income statement.D. Results in financial statements that are less useful to decision makers because many details have been omitted.
111.Which of the following would notbe a proper application of the concept of materiality by

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