Answer: Option 2
Posting is the next step to Journalizing in accounting cycle. 10 Steps of Accounting Cycle are; Analyzing and Classify Data about an Economic Event. Journalizing the transaction....
Answer: Option 2
Under cash basis of accounting, revenue is recognized when Cash is received. Realizable means it is reasonable to expect that cash will be received in the future.
Answer: Option 4
In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as First-in, first-out method.
Answer: Option 3
If there were seven shows left and five were sitcoms, this means that only two of the shows could possibly be dramas. Choices a and b may...
Answer: Option 3
Cash flow statement shows the movement of cash and cash equivalents during an accounting period. A cash flow statement, also known as statement of cash flows or...
Answer: Option 3
Investors who want cash flows in near terms shows preference for interest portion of STRIPS. Interest only (IO) strips are a security where the holder receives the...
