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Assets + Dividends + + Common Stock + Retained Earnings +
Revenues.
Assets – Liabilities – Stock + Retained Earnings + Revenues –
Expenses.
+ Expenses – Liabilities.
Multiple Choice Question 133
A trial balance may balance even when each of the following occurs
except when
a transposition error is made.
a journal entry is posted twice.
incorrect accounts are used in journalizing.
a transaction is not journalized.
Multiple Choice Question 43
An accounting time period that is one year in length, but does not
begin on January 1, is referred to as
a fiscal year.
an interim period.
the time period assumption.
a reporting period.
Multiple Choice Question 87
Which of the following reflect the balances of prepayment accounts
prior to adjustment?