At beginning of the year, the capital of the company is 20000, they got net income 15000, and also has a withdraw of the capital 10000, so at the end of the year ,the capital of the company should be ()
A. 25000
B. 15000
C. 45000
D. -5000
查看答案
The framework of adjustment do not include ()
A. Prepaid expense
B. unearned revenues
C. got cash for sales
D. Accrued revenues
Which of the following accounts is not a contra account ()
A. Supplies
B. Accumulated Depreciation
C. Sales Discounts
D. Sales Returns and Allowances
Adjusting entries ()
Affect only income statement accounts.
B. Affect only balance sheet accounts.
C. Affect both income statement and balance sheet accounts.
D. Affect only cash flow statement accounts.
The inventory valuation method that results in the lowest taxable income in a period of inflation is ()
A. LIFO method.
B. FIFO method.
C. Weighted-average cost method.
D. Specific identification method.
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