Which of the following is the usual final step in the accounting cycle?
A. Preparing a post-closing trial balance.
B. Preparing the financial statements.
C. Journalizing transactions.
D. Preparing a work sheet.
E. Preparing an adjusted trial balance.
查看答案
The assets section of a classified balance sheet usually includes the subgroups:
A. Current assets, long-term investments, plant assets, and intangible assets.
B. Current assets, long-term investments, plant assets, and equity.
Current liabilities, long-term investments, plant assets, and intangible assets.
D. Current assets, long-term assets, revenues, and intangible assets.
E. Current assets, liabilities, plant assets, and intangible assets.
Which of the following is classified as a current asset?
A. Office supplies.
B. Patent.
C. Office equipment.
D. Land.
E. Unearned revenue.
Which of the following is classified as a plant asset?
A. Office equipment.
B. Merchandise inventory.
C. Patent.
D. Office supplies.
E. Cash.
Which of the following is classified as a Intangible asset?
A. Office supplies.
B. Patent.
C. Office equipment.
D. Land.
E. Unearned revenue.
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