Question 1

Which of the following accounts is classified differently from the others listed?

Accepted Answer

A)  Accounts Receivable 
B)  Retained Earnings 
C)  Prepaid Rent 
D)  Cash 
A)  Accounts Receivable 
B)  Retained Earnings 
C)  Prepaid Rent 
D)  Cash

Question 2

The Office Supplies account is classified as a(n)

Accepted Answer

A)  expense. 
B)  stockholders' equity account. 
C)  asset. 
D)  liability,if the supplies have not yet been paid for. 
A)  expense. 
B)  stockholders' equity account. 
C)  asset. 
D)  liability,if the supplies have not yet been paid for.

Question 3

Which of the following accounts has a normal credit balance?

Accepted Answer

A)  Dividends 
B)  Automotive Equipment 
C)  Advertising Fees Earned 
D)  Interest Expense 
A)  Dividends 
B)  Automotive Equipment 
C)  Advertising Fees Earned 
D)  Interest Expense

Question 4

A dividend will reduce which of the following accounts?

Accepted Answer

A)  Dividends 
B)  Retained Earnings 
C)  Common Stock 
D)  Accounts Payable 
A)  Dividends 
B)  Retained Earnings 
C)  Common Stock 
D)  Accounts Payable

Which of the following accounts is classified differently from the others listed?

The Office Supplies account is classified as a(n)

Which of the following accounts has a normal credit balance?

A dividend will reduce which of the following accounts?

Uses of Accounting Information and the Financial Statements

Measuring Business Income

Supplement - Closing Entries and the Work Sheet

Financial Reporting and Analysis

The Operating Cycle and Merchandising Operations

Inventories

Cash and Receivables

Current Liabilities and Fair Value Accounting

Long Term Assets

Long-Term Liabilities

Stockholders Equity

The Statement of Cash Flows

Financial Performance Measurement

Investments

Filters

Exam 2: Analyzing Business Transactions

Which of the following accounts is classified differently from the others listed?

The Office Supplies account is classified as a(n)

Which of the following accounts has a normal credit balance?

A dividend will reduce which of the following accounts?

Uses of Accounting Information and the Financial Statements

Measuring Business Income

Supplement - Closing Entries and the Work Sheet

Financial Reporting and Analysis

The Operating Cycle and Merchandising Operations

Inventories

Cash and Receivables

Current Liabilities and Fair Value Accounting

Long Term Assets

Long-Term Liabilities

Stockholders Equity

The Statement of Cash Flows

Financial Performance Measurement

Investments

Filters