Quiz Ch 03 – Identifying Adjusting Journal Entries
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
What type of adjusting journal entry is recorded with a debit to an expense account and a credit to a contra account?
What type of adjusting journal entry is recorded with a debit to an expense account and a credit to a contra account?
Which qualifies as an intangible asset?
Which statement is ACCURATE about net income and EVA?
Which provides the clearest recognition of the payment made for new equipment?
What item is considered a financing activity on the statement of cash flows?
Which statement regarding income statement formats is incorrect?
Which statement or report would be most helpful in providing Amy with the information she needs to determine if inventory is growing as a percentage of total assets?
Which is NOT a representation of a brokered market?
Which item should NOT be categorized as a current asset?
What item is considered an operating activity on the statement of cash flows?