BUS-A 100 Study Guide - Midterm Guide: Big Four Accounting Firms, Miwok, Inventory Turnover
5
BUS-A 100 Full Course Notes
Verified Note
5 documents
Document Summary
1 which of the following is not one of the big four accounting firms? a kpmg d ernst & young. Use the following information to answer questions 2 and 3: Yosemite company borrowed ,000 on july 1, 2010 and agreed to pay back ,000 on july 1, 2013. 2 what amount would be shown as interest expense on yosemite"s annual income statement on december. ,000 c ,500 d ,500 e none of the. 3 what amount would be shown as interest payable on yosemite"s balance sheet on december 31, 2012? a ,000. ,500 c ,500 d ,000 e none of the. 4 when unearned revenue is received, which of the following is the impact on the financial statements? a both liabilities and revenue are increased. Both assets and revenue are increased. c assets are increased and liabilities are decreased. d both assets and liabilities are increased. e liabilities are decreased and revenue is increased.
