Examlex
Match each item/event pair below with the indicated change in the item. An individual classification may be used more than once, or not at all. For each dividend, assume that both declaration and payment or distribution has occurred.
Classifications
A. Item increases
B. Item decreases
C. Item is unchanged
D. Direction of change cannot be determined
Principal
The amount borrowed or invested.
Accrued Interest
Interest that has been incurred but not yet paid, reflecting money owed on loans or credit extended.
Dishonored Note
A dishonored note is a promissory note that has not been paid upon its maturity date.
Journal Entries
Records of financial transactions in the chronological order by which they occur, entered in the accounting records.
Q19: Prior period adjustments to income are reported
Q59: If 10% of the common stock of
Q101: Earnings per share indicates the net income
Q105: Stein Company had the following transactions pertaining
Q105: A lease may be classified as an
Q120: Harris Corporation had net income of $230,000
Q159: On January 1, 2010, Kentwood Company issued
Q172: A prior period adjustment is reported as
Q187: Which of the following statements concerning leases
Q204: A major disadvantage resulting from the use