A: Assets.
B: Liabilities.
C: Equity.
举一反三
- 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
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- Unearned Revenue is classified as a(n) ________ account. A: liability B: asset C: revenue D: equity
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- The ( ) is a financial statement that summarizes a hotel’s assets, liabilities and shareholders’ equity at a specific point in time. A: income statement B: balance sheet C: statement of cash flow D: equity statement
内容
- 0
Identify each of the following as either part of equity or part of liabilities in the statement of financial position of a partnership.Partner's capital A: Liabilities B: Equity
- 1
The current ratio is measured as: A: current assets minus current liabilities. B: current assets divided by current liabilities. C: current liabilities minus inventory, divided by current assets. D: cash on hand divided by current liabilities. E: current liabilities divided by current assets.
- 2
The following statement is wrong (). A: Financial revenue and expenditure are reflected in kind. B: Fiscal revenue and expenditure need to be realized through the financial system. C: Fiscal revenue and expenditure have a great influence on the central bank. D: Fiscal revenue and expenditure affect the financial activities of various sectors.
- 3
Unearned revenue is reported as: A: A revenue on the statement of financial position. B: A liability on the statement of financial position. C: An asset on the statement of financial position. D: An operating activity on the statement of cash flows.
- 4
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.