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Which of the following would not be included under the account category of expenses? ...

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Accounting

Which of the following would not be included under the account category of expenses?
A. Cost of goods sold.
B. Interest expense.
C. Prepaid insurance expense.
D. Income tax expense.
Which of the following describes the impact on the balance sheet when cash is received from the collection of an account receivable?
A. Current assets will not change.
B. Current assets will increase.
C. Stockholders' equity will increase.
D. Total assets will increase.
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared and aging of accounts receivable and estimated that $5,000 of the $98,000 accounts receivable balance would be uncollectible. The allowance for doubtful accounts had a $400 debit balance at year-end prior to adjustment.
What is the amount of bad debt expense?
A. $5,000.
B. $5,400.
C. $4,600.
D. $400.
4. Coleman Company has provided the following information: beginning inventory, $200,000; cost of goods sold, $900,000; and ending inventory, $160,000.
How much were Coleman's inventory purchases?
A. $900,000.
B. $820,000.
C. $860,000.
D. $840,000.
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