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Prepaid expenses are ().

A.Assets.

B.Revenue

C.Liabilities.

D.Owners' Equity

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Prepaid expenses represent expenses and appear on income statements.()
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第2题
Forgetting to convert asset to expenses will influence the net income.()
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According to matching principle, Sally Smith had expenses of $500 in April which she
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第4题
Expenses increase owners' equity.()
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第5题
An aircraft requires a planned overhaul each year at a cost of $5,000.This is a condition of being allowed to fly.How should the cost of the overhaul be treated in the financial statements().

A.Accrued for over the year and charged to maintenance expenses

B.Provided for in advance and charged to maintenance expenses

C.Capitalised and depreciated over the period to the next overhaul

D.Charged to profit or loss when the expenditure takes place

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第6题
Expenses paid through petty cash are recorded in the accounting records: ().

A.When the petty cash fund is initially establishe

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第7题
When revenues exceed expenses in a given period ().
A、Owners' equity are not impacted

B、Owners' equity are decreased.

C、Owners' equity are increased.

D、One cannot determine the impact on owners' equity without additional information

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第8题
During 2018 Bill Inc. incurred operating expenses of $300,000, of which $200,000 was p
aid in cash; the balance will be paid in January 2019. Transaction analysis of operating expenses for 2018 should reflect only the following: ().

A、Decrease owner’s equity $200,000; decrease assets, $200,000

B、Decrease assets, $300.000 decrease owner’s equity, $300,000

C、Decrease owner’s equity, $300,000; decrease assets, $200,000; increase liabilities, $100,000.

D、Decrease assets, $300,000; increase liabilities, $100,000; decrease owner’s equity, $200,000.

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第9题
Which description of Mrs Gump is not true?

A. She has a good husband

B.She rents her house for the living expenses

C.She is a smart lady

D.She loves to wear flowers on her hat

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第10题
An allowance can be _______ your child's age, your own financial resources, the ex
penses it will cover and the goals you and your child wish to accomplish.

A、looked down on

B、based on

C、backed off

D、resorted to

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