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These sections in the statement of comprehensive

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10.10.These sections in the statement of comprehensive income isThese sections in the statement of comprehensive income is presented when the functional format is used.presented when the functional format is used.a.a.Operating expenses,Operating expenses, Cost ofCost of goods sold,goods sold, Other incomeOther income && Other expensesOther expenses b. b.OperatingOperating expenses &expenses & Cost of gooCost of goods soldds soldc.c.CostCost ofof goods sold,goods sold, OtherOther incomeincome && Other expensesOther expensesd.d.OperatingOperating expenses,expenses, OtherOther incomeincome && OtherOther expensesexpenses
11.11. This type of adjusting entry may be reversed at the start of the next accounting perThis type of adjusting entry may be reversed at the start of the next accounting period.iod.method)above
12.12.This kind of commThis kind of commercial organization is also knownercial organization is also known as retailing business.as retailing business.ipring
13.13.This type of accounts does not require periodic adjustment at theThis type of accounts does not require periodic adjustment at the end of the accounting period.end of the accounting period.
14.14.These accounts do not appear inThese accounts do not appear in the post-closing trial balance.the post-closing trial balance.a.a.Revenue,Revenue, expenseexpense andand drawingdrawing accountsaccounts b. b.RevenueRevenue and expeand expense acconse accountsc.c.RevenueRevenue accountsaccountsd.d.ExpenseExpense accountsaccountsunts
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Term
Spring
Professor
JeffThomson

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