Question Details

The subtotal of the first asset classification on the 2012 Statement 


1.	The subtotal of the first asset classification on the 2012 Statement of Financial Position is:
a.	¥10,190
b.	¥9,310
c.	¥264
d.	¥3,690

2.	The subtotal of the last equity and liabilities classification on the 2012 Statement of Financial Position is:
a.	¥1,925
b.	¥1,311
c.	¥13,063
d.	¥1,444


3.	Which of the following is in the proper order?
a.	Cash; Short-termInvestment; Accounts Receivable; Inventories; Supplies.
b.	Cash; Short-termInvestment; Inventories; Accounts Receivable; Supplies.
c.	Supplies; Inventories; Accounts Receivables; Short-term Investments; Cash.
d.	Supplies; AccountsReceivables; Inventories; Short-term Investments; Cash.


4.	Which of the following accounts does not appear in the Statement of Financial Position?
a.	Retained Earning
b.	Unearned Revenues
c.	Dividends
d.	Share Capital-ordinary


5. 	A reversing entry
a.	reverses entries that were made in error.
b.	is the exact opposite of an adjusting entry made in a previous period.
c.	is made when a business disposes of an asset it previously purchased.
d.	is made when a company sustains a loss in one period and reverses the effect with a profit in the next period.



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