KAPLAN AC113 MOULE 4 EXAM
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KAPLAN AC113 MOULE 4 EXAM KAPLAN AC113 MOULE 4 EX 4
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Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...
- Exam (elaborations)
- • 7 pages's •
-
KAPLAN AC113 MOULE 4 EXAM•KAPLAN AC113 MOULE 4 EXAM
Preview 1 out of 7 pages
Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Comments:
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Comments:
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment...
- Exam (elaborations)
- • 8 pages's •
-
KAPLAN AC113 MOULE 4 EXAM•KAPLAN AC113 MOULE 4 EXAM
Preview 1 out of 8 pages
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Comments:
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Comments:
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment...
Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...
- Exam (elaborations)
- • 7 pages's •
-
KAPLAN AC113 MOULE 4 EXAM•KAPLAN AC113 MOULE 4 EXAM
Preview 1 out of 7 pages
Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...
Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...
- Exam (elaborations)
- • 7 pages's •
-
KAPLAN AC113 MOULE 4 EXAM•KAPLAN AC113 MOULE 4 EXAM
Preview 1 out of 7 pages
Question
Question 1. Question : Depreciation Expense and Accumulated Depreciation are classified, respectively, as
expense and contra asset
asset and contra liability
revenue and asset
contra asset and expense
Question 2. Question : Which type(s) of adjustments are the financial statements affected by?
Deferrals
Accruals
Both deferrals and accruals
Neither deferrals nor accruals
Question 3. Question : Accumulated depreciation is __________ to get the carrying value.
added to equipment
subtracted...