Under the operating method, the lessor records each rental receipt as part interest revenue and part rental revenue.

Cheryl Liao is an accountant at Folding Squid Technologies. While making an adjusting entry to the general ledger, she received the following error message when she tried to save her entry, "The amounts debited and credited are not equal. Please correct and try again." This message was the result of a

A) validity check. B) field check. C) zero-balance check. D) completeness test.

A city planned to install sidewalks in a particular neighborhood. Which type of tax would most likely be levied against the improved properties to pay for the sidewalks?

A. Capital gain tax. B. Special Assessment tax. C. Advalorem tax. D. Inheritance tax.