An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n) :
A) Accrued expense.
B) Contra account.
C) Accrued revenue.
D) Intangible asset.
E) Adjunct account.
Correct Answer:
Verified
Q83: Profit margin is defined as:
A) Revenues divided
Q84: Accrued revenues:
A) At the end of one
Q85: A company made no adjusting entry for
Q86: A company earned $2,000 in net income
Q87: Which of the following statements is incorrect?
A)
Q89: Prepaid expenses, depreciation, accrued expenses, unearned revenues,
Q90: The periodic expense created by allocating the
Q91: The accrual basis of accounting:
A) Is generally
Q92: On June 30 of the current calendar
Q93: All of the following statements regarding profit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents