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Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 4RQSC
Related questions
Question
QA)Choose the correct answer:
2.
Which is a shareholders' equity account in the
Select one:
a. Dividends payable.
b. Marketable securities
c. Issued capital.
d. Accumulated depreciation .
3.
Making insurance payments in advance is an example of:
Select one:
A. An accrued receivable transaction.
B. An accrued liability transaction.
C. An unearned revenue transaction.
D. A prepaid expense transaction
4. Cost of goods sold is:
Select one:
a. An asset account.
b. A permanent equity account.
c. An expense account.
d. A revenue account.
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