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Review Questions

6 May, 2015 - 17:39
  1. R- ac5-1: How is the income statement commonly prepared?
  2. R- ac5-2: What does the statement of retained earnings show?
  3. R- ac5-3: How is the balance sheet arranged?
  4. R- ac5-4: What is the pupose of work sheets at the end of the year?
  5. R- ac5-5: What comes first, adjusting or closing entries?
  6. R- ac5-6: What are reversing entries?
  7. R- ac5-7: What name is used for statements for less than one year?
  8. R- ac5-8: How are accounting errors handled?