TheaccountingperiodthatendsonadateotherthanDecember31iscalleda:
A. calendaryear.
B. yearend.
C. fiscalyear.
D. revolvingyear.
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Expensescan:
A. bepaidincash.
B. arisefromusingupanasset.
C. occurwhenacompanycreatesaliability.
D. bealloftheabove.
Thefollowingaccountsareup-to-dateandneednoadjustmentattheendoftheperiod:
A. cash,commonstockandprepaidrent.
B. prepaidrent,suppliesandunearnedrent.
C. cash,dividendsandunearnedrent.
D. cash,dividendsandcommonstock.
Adjustingentries:
A. adjustcash
B. closetherevenueaccounts.
C. closetheexpenseaccounts.
D. adjustunearnedrevenue.
Thebookvalueofaplantassetisthe:
A. costoftheassetlesstheaccumulateddepreciation.
B. accumulateddepreciationlessthecostoftheasset.
C. costoftheasset.
D. balanceintheaccumulateddepreciationaccount.
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