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An income statement should list expenses in what order?

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Question

An income statement should list expenses in what order?;a) descending order by amount;b) in order of importance to the company's primary mission.;c) alphabetical order.;d) ascending order by amount;2) Steps that begin with analyzing source documents that concludes with the post -closing trail balance are called the;a) adjusting entries;b) posting process;c) closing process;d) accounting cycle;3) which of the following accounts will appear in the balance sheet credit column?;a) depreciation expense;b) Unearned service revenue;c) service revenue;d) pre-paid insurance;4) which account has a balance equal to net income immediately before it closed?;a) the net income account;b) withdrawal account;c) capital account;d) income summary account

 

Paper#25618 | Written in 18-Jul-2015

Price : $27
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