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QUESTION 29 On December 31, 2019. Kong Company prepared adjusting entries that included the following...

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Accounting

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QUESTION 29 On December 31, 2019. Kong Company prepared adjusting entries that included the following items:if Kong Company reported total assets of $390,000 prior to the adjusting entries, how much are Kong's total assets after the adjusting entries? Depreciation expense: $31.000 Accrued sales revenue: $29,000 Accrued expenses: $12,000 Used Insurance: $9,000, the insurance was initially recorded as prepaid Rent revenue earned: 87.000; the rent was initially prepaid by the tenant and credited to unearned rent revenue O a $386,000 b.$350,000 O c $379,000 O d. 5374,000 QUESTION 30 What would be an example of earnings management versus a fraudulent action? O a Deferring sales travel to the new year in order to keep expenses down for the current fiscal year. O b. Consciously omitting expenses from the current fiscal year but accounting for them in the next fiscal year. OC Offering incentives to customers for sales in the current quarter, but not requiring them to take possession of the inventory until next quarter Od Deferring recording an expense transaction, despite its matching revenue is being recognized. ick Save and Submit to save and submit. Click Save All Answers to save all answers

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