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  3. 3) issuing debt is an example of a(n) operat

3) Issuing debt is an example of a(n) operating...

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Question

Accounting

3)

Issuing debt is an example of a(n)

operating activity.
investing activity.
financing activity.

noncash investing and financing activity.

4)

The ending Retained Earnings balance is found on which of the following statements?

Income Statement
Balance Sheet
Statement of Retained Earnings
Both Balance Sheet and Statement of Retained Earnings above

5)

Which of the following describes the normal balance and classification of the Unearned Revenue account?

Credit, liability
Debit, liability
Debit, stockholders equity
Credit, stockholders equity

6)

Which of the following items is handled as a deferral?

Accrued Expenses
Accrued Revenues
Prepaid Expenses
Depreciation

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