Multiple Choice
If Camrey's Trucks makes the appropriate adjusting entry, how much will be reported on the December 31, 2016 balance sheet as unearned revenue?
A) $ 90,000
B) $216,000
C) $ 64,000
D) $ 98,000
Correct Answer:
Verified
Correct Answer:
Verified
Q1: ROA is computed as:<br>A) Net income /
Q2: Note receivable due in 30 days<br>A) Current
Q3: The chart of accounts is also known
Q4: Inventory<br>A) Current assets<br>B) Long-term investments<br>C) Long-term assets<br>D)
Q5: Land<br>A) Current assets<br>B) Long-term investments<br>C) Long-term assets<br>D)
Q6: Building<br>A) Current assets<br>B) Long-term investments<br>C) Long-term assets<br>D)
Q7: Accounts receivable<br>A) Current assets<br>B) Long-term investments<br>C) Long-term
Q8: Companies may not report internally created assets,