These Accounts Are Among the Accounts in Sportsline's Unadjusted Trial

question 171

Multiple Choice

These accounts are among the accounts in Sportsline's unadjusted trial balance: $\begin{array}{lr}\text { Accounts payable } & \$ 15,000 \\\text { Accounts receivable } & 19,000 \\\text { Cash } & 9,000 \\\text { Equipment } & 30,000 \\\text { Notes payable } & 10,000 \\\text { Owner's Capital } & 33,000\end{array}$ What are the total debits in the unadjusted trial balance, based only on these accounts?

• A) $39,000.
• B) $54,000.
• C) $58,000.
• D) $91,000.

Comprehend the impact of technology on accounting processes.

Grasp the basic principles and assumptions underlying financial accounting.

Identify the different entities in business and their accounting implications.

Recognize the roles and tasks of regulatory bodies and standards in accounting.

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Definitions:

Authoritarian Governments

Forms of government in which a single entity or a small group possesses significant power, dictating policies and procedures without substantial public participation or opposition.

Transnational Corporations

Large businesses that rely increasingly on foreign labor and foreign production; skills and advances in design, technology, and management; world markets; and massive advertising campaigns. They are increasingly autonomous of national governments.

Globalization

The process by which formerly separate economies, states, and cultures are tied together and people become increasingly aware of their growing interdependence.

Dependency Theory

A theory proposing that economic conditions in poorer countries are the result of exploitative policies and practices by more developed countries.