On a Worksheet, Which Account Will Not Be Extended to the Balance

question 21

Multiple Choice

On a worksheet, which account will not be extended to the Balance Sheet columns?

• A)Unearned Rent
• B)Inventory, January 1
• C)Capital Stock
• D)Accumulated Depreciation

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Definitions:

Rolling Budget

A continuously updated budget that adds a new budget period (e.g., month, quarter) as the current period concludes, thereby extending the overall budget horizon.

Merchandising Companies

Businesses that purchase goods and resell them at a higher price without modifying the original products.

Managers

Individuals responsible for administering and controlling part or all of a company's operations.

Company's Goals

Objectives or targets that a company aims to achieve over a certain period of time.