Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A. Retained earnings.
B. Accumulated Depreciation-Office Equipment.
C. Depreciation Expense-Office Equipment.
D. Salaries Payable.
E. Office Equipment.
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1. The 2010 health care reform legislation requires employers with more than 50 employees to provide health insurance. 2. The Family and Medical Leave Act requires employers to provide 12 weeks of paid leave for medical and family reasons like childbirth or adoption. 3. Title VII of the Civil Rights Act of 1964 applies to all for-profit companies. 4. Antidiscrimination laws do not require employers to extend preferential treatment because of race, color, or religion.
On June 30, 2017, Adilide, Inc discarded equipment costing $40,000
Accumulated Depreciation as of December 31, 2016, was $25,000. Assume annual depreciation on the equipment is $2,500. Prepare the journal entries for the 2017 depreciation expense and for the disposal of the equipment. What will be an ideal response
Eric and Lisa Lambert are purchasing a home for the first time. Their insurance company wants them to insure at least ________ of the home's full replacement cost
A) 70% B) 75% C) 80% D) 85% E) 90%
A business that requires a greater expenditure for equipment than for labor is called:
A. capital intensive. B. labor intensive. C. market intensive. D. production intensive.