Which of the following is NOT an accounting method that would increase the current ratio (currently 2:1)? a. Not adjusting prepaid insurance at year end b. Recognising unearned revenue as revenue c. Not recognising accrued wages d. Changing the method of depreciation
Which of the following is NOT an accounting method that would increase the current ratio (currently 2:1)? a. Not adjusting prepaid insurance at year end b. Recognising unearned revenue as revenue c. Not recognising accrued wages d. Changing the method of depreciation
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 17MC: Which of the following accounts balance would be a different number on the Balance Sheet than it is...
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Question
Which of the following is NOT an accounting method that would increase the
a.
Not adjusting prepaid insurance at year end
b.
Recognising unearned revenue as revenue |
c.
Not recognising accrued wages
d.
Changing the method of |
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