Net earnings - salaries - utilities (all points directly related to operating a business). Assets and dividends are investing and also financing activities respectively


You are watching: Which of the following would not result in unearned revenue?

The proprietorship form of business organization: a.) have to have at least 2 owners in most statesb.) mostly receives favorable taxes therapy relative to a corporationc.) combines the records of the business with the personal documents of the ownerd.) is classified as a sepaprice legal entity
The corporation billed a client for solutions percreated. The journal enattempt to document this transaction will: a.) rise assets and increase liabilitiesb.) have no result on full assetsc.) decrease liabilities and also rise stockholder"s equityd.) increase assets and boost stockholder"s equity
Add up all debits and include up all credits separately, cancel the difference, and note the side with a positive balance
Which of the following would NOT cause unearned revenue:a.) Rent gathered in advance from tenantsb.) services perdeveloped on accountc.) sale of seakid tickets to football gamesd.) sale of two-year magazine subscriptions
If the adjusting entry to adjust the Unearned Revenue account for earned revenue was not done at the end of the month, the financial statements would have actually the following problems:a.) net income would be underproclaimed, and assets would be understatedb.) NI would be underproclaimed, and Liabilities would certainly be overstatedc.) NI would certainly be overstated, and A would be overstatedd.) NI would certainly be overproclaimed and also L would certainly be understated
When a certain account is created off using the allowance strategy, the:a.) net receivables will increaseb.) net receivables will decreasec.) allowance account will raised.) net receivables will remain the same
Debit cash for total aspect - %; delittle bit Service Charge Expense for %; credit Account Receivable for complete aspect amount (w/o - %)
Purchase price + broker comm + closing costs + = expense of land (filling and also grading is not included)
The Ascollection Turnover Ratio shows:a.) the company"s capability to use its assets in profitable waysb.) the capacity to pay all liabilities with all assetsc.) the dollars of net sales created with each $ of complete assetsd.) the capability to borrow cash to finance the purchase of assets
If a bond is sold at a premium, over the life of the bond as the premium is amortized (composed off), the transporting value of the bond:a.) continues to be the sameb.) rises to the confront valuec.) decreases to the confront value
If the contractual (stated) interest price is 9% and the sector (effective) interest rate is 7% on the day the bonds are marketed, bond will sell at:a.) face valueb.) a discountc.) a premium
You are a banker considering a loan to a organization. You desire the business"s Time Interest Earned Ratio to be:a.) highb.) low
Convertible bonds are:a.) bonds that mature in installmentsb.) bonds that have actually a solitary maturity date for all bonds in the bond issuec.) bonds that have the right to be converted right into widespread stock at the bondholder"s optiond.) bonds subject to retirement at a declared dollar amount prior to maturity at the alternative of the issuer
In calculating cash flows from operating activities using the instraight method, a acquire on the sale of devices is:a.) included to net incomeb.) deducted from net incomec.) ignored because it does not impact cashd.) not reported on a statement of cash flows
In calculating cash flows from operating activities utilizing the indirect technique, a loss on the sale of equipment will show up as a(n):a.) subtractivity from net incomeb.) addition to net incomec.) enhancement to cash flow from investing activitiesd.) not reported on a statement of cash flows
The cash debt coverage proportion is computed by separating net cash gave by operating activities by:a.) average present liabilitiesb.) net salesc.) average long-term liabilitiesd.) average full liabilities
Which of the adhering to would certainly not be taken into consideration a readjust in audit principle:a.) transforming the estimated percent supplied in calculating poor debt expenseb.) altering the inventory costing technique from FIFO to LIFOc.) changing the depreciation expense strategy from directly line to declining balance
Which of the complying with revenue statement numbers would certainly probably be the finest indicator of a company"s future performance:a.) total revenuesb.) revenue before ircontinuous itemsc.) net incomed.) gross profit
})}else;home window.location.assign("https://medtox.org/explanations/textbook-solutions/financial-accounting-5th-edition-9781260118865");">
*

})}else;home window.place.assign("https://medtox.org/explanations/textbook-solutions/myaccountinglab-for-financial-accounting-9th-edition-9780132753708");">
*

})}else;window.place.assign("https://medtox.org/explanations/textbook-solutions/ethical-obligations-and-decision-making-in-accounting-text-and-cases-4th-edition-9781259543470");">
*

Ethical Obligations and Decision-Making in Accounting: Text and Cases4th EditionRoselyn Morris, Steven Mintz
})}else;window.place.assign("https://medtox.org/explanations/textbook-solutions/financial-accounting-10th-edition-9780133427844");">


See more: The &Quot;Aha!&Quot; Experience Is Known As, The University Of Texas At Austin

*