A net loss will result during a time period when（）
A. liabilities exceed assets
B. drawings exceed investments
C. expenses exceed revenues
D. revenues exceed expenses
查看答案
Revenues would not result from（）
A. sale of merchandise
B. initial investment of cash by owner
C. performance of services
D. rental of property
A business that enjoys limited liability is a（）
A. proprietorship
B. partnership
C. corporation
D. sole proprietorship
The left side of an account is（）
A. blank
B. a description of the account
C. the debit side
D. the balance of the account
Which of the following would be considered an external user of accounting data for the Raintree Company（）
A. Internal Revenue Service Agent
B. Vice-president of finance
C. Production supervisor
D. Cost accountant
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