A company shows a $740 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $270. This adjusting entry results in:
A. $270 increase in net income.
B. $270 difference between the debit and credit columns of the Unadjusted Trial Balance.
C. $270 of prepaid insurance.
D. $270 decrease in net income.
E. An error in the financial statements.
Answer: D
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A petty cash fund was established with a $550 balance. It currently has cash of $105 and petty cash tickets as shown below:
Which of the following would be the journal entry to replenish the Petty Cash account?
A) debit various expenses $445; credit Cash $445
B) debit various expenses $445; credit Petty Cash $445
C) debit Cash $105; credit various expenses $105
D) credit Petty Cash $445; debit Cash $445
Anything that might distort, block, or otherwise prevent a message from being properly encoded, sent, or comprehended is referred to as ________
A) noise B) static C) feedback D) response E) decoding
Reliability refers to the degree to which data measures what it is intended to measure
Indicate whether the statement is true or false
Determine the sensitivity range for each constraint
Max Z = 5x1 + 3x2 Subject to: 6x1 + 2x2 ? 18 15x1 + 20x2 ? 60 x1, x2 ? 0