accounting-________ is considered a long-term asset

QUESTION

Hey ya’ll, could I get some help here?Question 1.1.________ is considered a long-term asset. (Points : 20) Abuilding scheduled to be demolished in 9 months Unearned revenue Furniture InventoryQuestion 2.2.The accounting worksheet is used at the end of the period as a tool to help accountants do all of the following EXCEPT ________. (Points : 20) make adjusting entries analyze and journalize transactions prepare financial statements close the accountsQuestion 3.3.After closing all revenue and expense accounts during the closing process, there is a debit balance in the income summary account. This debit balance means that ________. (Points : 20) there was positive cash flow for the period there was negative cash flow for the period there was net income for the period there was a net loss for the periodQuestion 4.4.________ normally occurs throughout the period in the accounting cycle. (Points : 20) Preparing financial statements Closing the accounts Adjusting the accounts through adjusting entries Journalizing transactionsQuestion 5.5.The income statement column of the accounting worksheet contains only ________ accounts (Points : 20) debit credit temporary permanent

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