举一反三
- Premium on Bonds Payable is an adjunct or accretion liability account. A: 正确 B: 错误
- Typical current liability accounts include accounts payable,unearned revenue, bonds payable.
- Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
- An expenditure results either in a(n) ( ) in the asset account or a(n) ( ) in a liability account. A: decrease, decrease B: increase, increase C: increase, decrease D: decrease, increase
- Which<br/>of the following accounts is NOT a liability? ( ) A: Accounts Payable B: Notes Payable C: Salaries Payable D: Accounts Receivable
内容
- 0
(I) The risk premium widens as the default risk on corporate bonds increases. (II) The risk premium widens as corporate bonds become less liquid.
- 1
Amortizing a bond discount: A: Allocates a portion of the total discount to interest expense each interest period. B: Increases the market value of the Bonds Payable. C: Decreases the Bonds Payable account. D: Decreases interest expense each period. E: Increases cash flows from the bond.
- 2
Holt Company sold $1,000 of goods on credit to Renfrew Company. This would be recorded as an Account ( ) of Holt company and as an Account ( ) of Renfrew Company. A: Receivable, Receivable B: Payable, Payable C: Receivable, Payable D: Payable, Receivable
- 3
Which of these is an example of an liability account?
- 4
All of the following are liability accounts except__________. A: accounts payable B: unearned ticket revenue C: taxes payable D: commissions earned E: notes payable