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From the List of Accounts Below Determine Which Ones Are

Question 37

Essay

From the list of accounts below determine which ones are the following:
A) Contractual Amounts
B) Contingent Amounts
C) Amounts determined by operating activities Required:
Write the appropriate letter for the accounts listed below.
______ 1) Premium Expense
______ 2) Dividends Payable
______ 3) Sales Tax Payable
______ 4) Accounts Payable
______ 5) Loss from Litigation
______ 6) Warranty Expense
______ 7) Property Taxes payable
______ 8) Notes Payable
______ 9) Federal Income Taxes Payable
______ 10) Accrued Expenses

Correct Answer:

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1) b
2) a
3) c
4) a
...

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