Which of the following accounts should normally be classified as a current liability? Multiple Choice Dividends declared Deferred revenue Wages expense Accumulated depreciation

Which of the following will be affected by an increase in the provision for doubtful debts? Gross profit Operating profit Closing inventory Net book value of non-current assets

Examples of items that are adjusted directly against equit rather than being included as part opf profit or loss.

What is incorrect here? Available options are: Accounts Payable, Accounts Receivable, Accumulated Depreciation, Bond Premium, Bonds Payable, Building, Cash, Common Stock, Cost of Goods Sold, Delivery Expense, Depreciation Expense, Discount on Bonds Payable, Dividends Declared, Finance Costs, Goodwill, Intrest Expense, Intrest Income, Intrest Payable, Intrest Receivable, Land, Merchandise Inventory, Micellanious Expense, Other Expenses, Sales, Sales Discounts, Sales Returns and Allowances, Finance Costs, Goodwill

Which of the following accounts should be closed? Depreciation expense Allowance for doubtful accounts Bad debt expense Unearned revenue Accumulated depreciation Dividends declared

Which of the following accounts would not be reported in the “Other Expenses and Losses” section of a multi-step income statement?   Select one: Interest expense Loss on the sale of equipment Unrealized holding loss on equity investments Amortization expense

The current portion of long-term debt should a.be reclassified as a current liability b.be paid immediately c.not be separated from the long-term portion of debt d.be classified as a long-term liability

In which of the following types of accounts are increases recorded by credits?   Question 8 options:   Revenue, Dividends   Liability, Revenue   Dividends, Asset   Expense, Liability

Residual interest in the asset of an entity that remains after deducting its liabilities is? a. Liabilities b. Expense c. Owner’s Equity d. Assets

Which of the following is a connector account? Retained Earnings O Prepaid Rent O Common Stock O Bond Payable O Accumulated Depreciation