When searching for unrecorded liabilities at the end of an accounting period, the accountant would search all of the files except
a. the purchase requisition file
b. the cash receipts file
c. the purchase order file
d. the receiving report file
B
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Which of the following is included in the cost of land?
a. outdoor parking lot lighting attached to the land b. cost of paving a parking lot c. fences on the land d. brokerage commission
Acquisition costs include which of the following costs?
A. Customer dissatisfaction costs B. Supply chain costs C. Maintenance and repair costs D. Quality costs E. Environmental costs
Select the sentence with the passive-voice verb
A) Michael Lewis wrote a book about the financial crisis. B) Many new grads begin their job search on LinkedIn. C) Even with little experience, Andrew applied for the position. D) The website was redesigned by a team of professionals.
The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided is:
A. Debit Salaries Expense and credit Salaries Payable. B. Debit Unpaid Salaries and credit Salaries Payable. C. Debit Salaries Expense and credit Cash. D. Debit Salaries Payable and credit Salaries Expense. E. Debit Cash and credit Salaries Expense.