题目内容

Acompanypurchasedmedicalequipmentfor$100,000onJanuary1,2009.Thecompanydeterminedthattheyearlydepreciationexpenseis$10,000.AtDecember31,2012,thebookvalueoftheassetis:

A. $10,000.
B. $40,000.
C. $60,000.
D. $100,000.

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Thebalancesheetreports:

A. assets,liabilitiesandstockholders'equity.
B. thechangesinretainedearnings.
C. assets,liabilities,revenuesandexpenses.
D. revenuesandexpenses.

Whichofthefollowingaccountsareconsideredpermanentaccounts?

A. InventoryandCostofGoodsSold
B. LandandAccountsReceivable
C. AccountsPayableandRevenue
D. CommonStockandSalaryExpense

Closingentriestransfernetincomeorlossanddividendspaidto:

A. Paid-inCapital.
B. NetIncome.
CommonStock.
D. RetainedEarnings.

ThefollowingnormalbalanceappearontheadjustedtrialbalanceofNationalCompany:Equipment………………………………………………………$70000Accumulateddepreciation,equipment……………$9000Depreciationexpense,equipment………………….$3000Thebookvalueoftheequipmentis:

A. 70000
B. 67000
C. 61000
D. 60000

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