An adjusting entry will not take the format of which one of the following entries?
a. A debit to an expense account and a credit to an asset account
b. A debit to an expense account and a credit to a revenue account
c. A debit to an asset account and a credit to a revenue account
d. A debit to a liability account and a credit to a revenue account
e. An adjusting entry could take the format of any choice a through d.
B
You might also like to view...
Specter Consulting purchased $8200 of supplies and paid cash immediately. Which of the following general journal entries will Specter Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Supplies | 8200? | |
| Cash | 8200? |
B.
| Accounts Payable | 8200? | |
| Supplies | 8200? |
C.
| Supplies Expense | 8200? | |
| Accounts Payable | 8200? |
D.
| Cash | 8200? | |
| Supplies | 8200? |
E.
| Supplies | 8200? | |
| Accounts Payable | 8200? |
An increase in productive processing time will increase
a. throughput. b. process yield. c. return on investment. d. productive capacity.
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $925 and the company's tax rate is 25%. What is the component cost of debt for use in the WACC calculation?
A. 5.35% B. 5.58% C. 5.81% D. 6.04% E. 6.28%
Kari, a real estate agent, assures Linc that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Linc buys the property and then discovers that the street has no more traffic than any other in its vicinity. Linc is most likely a victim of
a. opinion. b. fraud. c. mistake. d. nothing.