At the End of 2014, CNC Corporation's Accounting Information System

question 41

Multiple Choice

At the end of 2014, CNC Corporation's accounting information system produced the following trial balance: CNC completed the following transactions in January 2015: a.Purchased inventory on account, $300.
B.Collected cash from customers for prior year sales, $500.
C.Paid current month's wages, $900.
D.Had land appraised.Cost of doing the appraisal (paid in cash) , $700.Appraised value of land, $3,000.
E.Sold inventory with a cost basis of $200 on account, $800.
F.Declared dividends, $50.
G.Hired additional sales staff.Expected monthly salaries, $80.
H.Purchased supplies for cash, $150.
i.Paid creditors for previous purchases, $150.
j.Signed a contract for annual employee retreat, $450.CNC uses block coding for its chart of accounts.Which of the following accounts will have the same final digit?

• A)Cash
• B)Inventory
• C)Both cash and inventory
• D)Neither cash nor inventory

Comprehend the physiological changes that accompany aging and their impact on health.

Understand the role of exercise and nutrition in mitigating the effects of aging.

Identify the characteristics and developmental milestones of infancy and early childhood.

Understand the basic principles of genetics, including inheritance patterns and genetic disorders.

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Definitions:

Send Backward

A command in graphic and presentation software that moves a selected object one layer back in the stacking order.

Align

The process of arranging text or graphical elements so that their edges line up along a common row, column, or center line.

Widow And Orphan

Terms in typesetting that refer to the undesired separation of a paragraph's last line (widow) or first line (orphan) at the top or bottom of a page.

Page Break

A marker in text processing applications that tells the printing software or the document viewer to start a new page at the specified location.