Which of the following errors will not cause the debit and credit columns of a trial balance to be unequal?
a. A debit was posted to an account as a credit.
b. A journal entry was posted twice.
c. The trial balance was incorrectly summed.
d. Only part of a journal entry was posted.
B
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In its conceptual framework, the FASB set out a number of principles to be adhered to in standard setting and in interpreting financial statements. The decision to require a consolidated statement, rather than separate financial statements, for a parent firm and its subsidiary best illustrates which of the following principles or concepts?
A) periodiocity b) going concern c) materiality d) economic entity
Which of the following are passed on to fund share holders through 12b-1 fees?
A) Commissions B) Advertising expenses C) Promotional fees D) Only B and C E) All of the above