BUS-A 100 Study Guide - Midterm Guide: Big Four Accounting Firms, Accounts Payable, Interest Expense

• School: IU
• Department: Business
• Course: BUS-A 100
• Professor: All

Document Summary

1 which of the following is not one of the big four accounting firms? a kpmg d pwc. 2 which of the following is true of unearned revenue? a when it is received, both assets and revenue increase. Use the following information to answer questions 3 and 4: Rizzo corporation borrowed ,000 on april 1, 2013. Rizzo will not make any payments until the end of the loan and on april 1, 2016, rizzo will pay a total of ,000. 3 which of the following would correctly state the annual financial statements at december 31, 2014? a interest expense of ,000; interest payable of ,000. Interest expense of ,000; interest payable of ,750 c interest expense of ,250; interest payable of ,000 d interest expense of ,750; interest payable of ,000 e interest expense of ,000; interest payable of ,250.