Solved

A Company Had Revenues of $75,000 and Expenses of $62,000

Question 9

Multiple Choice

A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company?


A) A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company? A) B) C) D) E)
B) A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company? A) B) C) D) E)
C) A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company? A) B) C) D) E)
D) A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company? A) B) C) D) E)
E) A company had revenues of $75,000 and expenses of $62,000 and paid $1,000 dividends during the accounting period.Which of the following entries could not be a closing entry for this company? A) B) C) D) E)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Profit margin equals _ divided by net

Q10: What is the difference between GAAP and

Q12: The Unadjusted Trial Balance columns of a

Q13: Kasper Electric has two part-time employees,each of

Q14: Power Electric has two part-time employees; each

Q86: Adjusting entries:<br>A) Affect only income statement accounts.<br>B)

Q116: The adjusting entry to record the earned

Q146: The current portion of long-term debt is

Q171: In preparing statements from the adjusted trial

Q374: Financial statements are typically prepared in the