100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Peregrine Exam: Accounting Review Quiz with Complete Solutions $10.49   Add to cart

Exam (elaborations)

Peregrine Exam: Accounting Review Quiz with Complete Solutions

 0 view  0 purchase
  • Course
  • Peregrine
  • Institution
  • Peregrine

Peregrine Exam: Accounting Review Quiz with Complete SolutionsPeregrine Exam: Accounting Review Quiz with Complete SolutionsPeregrine Exam: Accounting Review Quiz with Complete SolutionsPeregrine Exam: Accounting Review Quiz with Complete Solutions 1. Accounts Receivable is a(n) ________ account a...

[Show more]

Preview 1 out of 2  pages

  • November 7, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Peregrine
  • Peregrine
avatar-seller
NursingTutor1
Peregrine Exam: Accounting Review
Quiz with Complete Solutions
1. Accounts Receivable is a(n) ________ account and has a normal ________ balance.

Options:
- Liability; debit
- Asset; debit
- Liability; credit
- Asset; credit - ANSWER-- Asset; debit

Prepaid Rent is a(n) ________ account and has a normal ________ balance.

Options:
- Liability; debit
- Asset; debit
- Liability; credit
- Asset; credit - ANSWER-- Asset; debit

$100,000, 5 year asset, with a $13,500 salvage value.
What is the depreciable cost?

Options:
- $86,500
- $100,000
- $113,500
- $0 - ANSWER-- $86,500

All of the following are depreciable assets except for:

Options:
- Truck
- Equipment
- Computer
- Land - ANSWER-- Land

A business purchases equipment for $8,000 cash. Which of the following accounts is
credited?

Options:
- Prepaid Equipment
- Common Stock
- Accounts Payable

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart