A sample of size 25 is selected at random from a finite population. If the finite population correction factor is 0.80, then the population size is:

Both IFRS and U.S. GAAP permit reporting of comprehensive income in one statement or two statements

Indicate whether the statement is true or false.

Match the following terms with the appropriate definitions below. Some terms are used more than once

a. Accrued revenue b. Accrued expense c. Deferred revenue d. Deferred expense _____ 1. An end of period adjustment to recognize office supplies used during a period _____ 2. An end of period adjustment to recognize employee salaries earned but unpaid _____ 3. An end of period adjustment to recognize depreciation on certain long-term assets _____ 4. An end of period adjustment to recognize prepaid insurance used up during a period _____ 5. An end of period adjustment to recognize prepaid rent used up during a period _____ 6. An end of period adjustment to recognize interest costs incurred but unpaid _____ 7. An end of period adjustment to recognize earnings related to work done but not yet billed _____ 8. An end of period adjustment to recognize the amount of unearned revenue earned as of the end of the period