Quiz: Solid Footing Chapter 9 Pg 1

Name: ______________________________ ← Print your name above. ← Print your name on the Multiple Choice Answer Form

For each of the questions below – circle the best answer to the question – then place your answer on the Multiple Choice Answer Form. Only the answer on the Multiple Choice Answer Form will be counted for grading purposes.

Use the information given in the chart on Page 2 to answer questions 1 to 5

1. Look at the “before” and “after” words for Account Category: Property, Plant, & Equipment, and select the correct statement below:

A. All of the “before” and “after” words are correct. B. All of the “before” and “after” words are incorrect. C. Some of the “before” and “after” words are correct and some of the “before” and “after” words are incorrect.

2. Look at the “before” and “after” words for Account Category: Prepaid Assets, and select the correct statement below:

A. All of the “before” and “after” words are correct. B. All of the “before” and “after” words are incorrect. C. Some of the “before” and “after” words are correct and some of the “before” and “after” words are incorrect.

3. Look at the “before” and “after” words for Account Category: Accrued Liabilities, and select the correct statement below:

A. All of the “before” and “after” words are correct. B. All of the “before” and “after” words are incorrect. C. Some of the “before” and “after” words are correct and some of the “before” and “after” words are incorrect.

4. Look at the “before” and “after” words for Account Category: Unearned Revenue Liabilities, and select the correct statement below:

A. All of the “before” and “after” words are correct. B. All of the “before” and “after” words are incorrect. C. Some