ABC Inc. Trial Balance December 31 Debit Credit Cash $ 15 Accounts Receivable 25 Equip
A、retained earnings of $55.
B、dividends of $10.
C、net income of $65.
D、none of the above.
A、retained earnings of $55.
B、dividends of $10.
C、net income of $65.
D、none of the above.
A.Financial statements are prepare
B.A post-closing trial balanc
C.An adjusted trial balanc
D.Adjusting entries.
A.Journalizing the business transactions
B.Preparation of a trial balanc
C.Posting of journal entries to ledger accounts
D.Foundation of a business
The following statements describing net income are all correct except that______.
A.net income is computed in the income statement, appears in the statement of owner's equity, and increases owner's equity in the balance sheet
B.net income is equal to revenues minus expenses
C.net income is computed in the income statement, appears in the statement of owner's equity, and increases the amount of cash shown in the balance sheet
D.net income can be determined using the account balances appearing in an adjusted trial balance
A.310000
B.140000
C.450000
D.590000
A、240
B、365
C、230
D、180
A、60
B、50
C、55
D、125
A、115
B、105
C、55
D、60
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