Multiple Choice
Accumulated Depreciation - Buildings should be shown on the:
A) Income Statement.
B) post-closing trial-balance.
C) Statement of Owner's Equity.
D) The account does not appear on a financial statement since it is a temporary account.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Unearned Rent Revenue is a balance sheet
Q34: The normal balance of Income Summary is:<br>A)
Q35: Use the following information to complete the
Q36: Mortgage Payable is a contra-liability account.
Q37: The normal balance for Unearned Rent Revenue
Q39: Depreciation on equipment was recorded twice this
Q40: For each of the following, identify in
Q41: Freight-in:<br>A) adds to the Cost of Goods
Q42: The adjustment for Accrued Salaries would be
Q43: The second entry to adjust Merchandise Inventory