An analyst does research about the accrued revenue. Accrued revenue is properly classified on a financial statement as which of the following（） A: Assets. B: Liabilities. C: Equity.

Money that a business has been paid in advance for a service that will be provided later is called _____. A: accrued revenue B: accrued expense C: unearned revenue D: prepaid expense

Which of the following does not require an adjusting entry at year-end? () A: Accrued interest on notes payable. B: Supplies used during the period. C: Cash invested by owner. D: Accrued wages.

An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.

Which of the following does not require an adjusting entry at year-end? A: Accrued interest on notes payable. B: Supplies used during the period. C: Cash invested by owner. D: Accrued wages. E: Expired portion of prepaid insurance.

The dirty, or full, price of a bond:（） A: applies if an issuer has defaulted. B: equals the present value of all cash flows, plus accrued interest. C: is paid when a security trades ex-coupon.

Accrued expense is most likely recorded by a company if cash is paid:（） A: before expense has been incurred. B: at the same time expense has been incurred. C: after expense has been incurred.

____________________ is relevant in a decision to replace equipment. A: a. Cost of old equipment B: b. Book value of old equipment C: c. Depreciation accrued on old equipment D: d. Future maintenance costs of old equipment