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.

Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( ) A: expense account B: liability account C: owner' s equity account D: contra asset account

The entry to record depreciation expense at the end of an accounting period( ). A: reduces the book value of the asset being depreciated B: is an example of an accrual C: reduces the balance in a contra asset acount D: increased the depreciable cost of the asset being depreciated

Which one is NOT true? ( ) A: Allowance for Doubtful Accounts is a contra account. B: If the market interest rate is higher than the face rate, the bond<br/>will be issued at premium. C: inventory turnover= cost of goods sold / inventory. D: The accounting principle of China is similar to IFR