A trial balance is a(an)
a. optional financial statement used only by accountants.
b. financial statement which can be used in place of a balance sheet.
c. list of accounts and their balances taken from the chart of accounts.
d. document used to prove the equality of debits and credits in the general ledger.
d
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On May 1, 2015, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct December 31, 2016, adjusting entry would be
A) ?Interest Expense 36Interest Payable 36? B) ?Interest Payable 144Cash 144? C) ?Interest Expense 108Cash 108? D) ?Interest Expense 144Interest Payable 144
The cash ratios of four companies are listed below
Company Cash Ratio Juan Corp. 0.25 Rose, Inc. 0.12 Freelance, Inc. 0.19 Pioneer Corp. 0.27 Which company has the maximum ability to repay its current liabilities? A) Juan Corp. B) Rose, Inc. C) Freelance, Inc. D) Pioneer Corp.
Local ordinances govern issues such as which of these?
A) Curfews B) Loitering C) Dog licensing D) All of these
The Communications Decency Act gives U.S. law enforcement the right to shut down websites without trial or defense if it finds the central reason for the site is to distribute copyrighted information illegally
Indicate whether the statement is true or false