Accumulated depreciation is a contra-liability account and as such normally has a credit balance.

During 2017, Isaiah, Inc. provided services for cash of $21, 000 and services on credit of $15,000. The company collected accounts receivable of $8,000 and incurred operating expenses of $22,700, $14,000 of which were paid during the year. The amount of net income(loss) for the year is 

Isaiah, Inc. incurred $5,000 in wages for employees for the year. $4,500 of these wages were paid by the end of the year. Choose the TRUE statement. 

The process of calculating depreciation is a valuation concept, and not an allocation concept.

A deferred revenue can be initially recorded either as a liability or as a revenue account, but the company must continue to use the same method consistently in the future. 

Adjusting entries are always needed when an expense has been incurred or a revenue has been earned, but neither has involved cash yet.

The time period or periodicity assumption assumes that an organization’s activities can be divided into specific time periods such as months, quarters, or years.

A porous test of calcium carbonate, through which pseudopodia protrude, is characteristics of ___________________.

Which of the following conditions increases the chances of fossilization? (Select all that apply.)

The following table depicts characteristics of five prokaryotic species (A-E). Use the information in the table to answer the question.Trait​​Species A​Species B​Species C​Species D​Species E​Plasmid​R​None​R​F​None​Gram Stain ResultsVariable​​PositiveNegative​Negative​Negative​​Nutritional ModeChemohetero-troph​Chemohetero-troph​ChemoautotrophChemohetero-troph​Photoautotroph​​Metabolic PathwayAerobic methanotroph (obtains carbon and energy from methane)​​Anaerobic methanogenAnaerobic butanolic fermentation​Anaerobic lactic acid fermentation​Anaerobic nitroen fixation and photosynthesis​​Other Features​FimbriaeInternal membranes​Flagellum​Pili​Thylakoids​Based on the information above, which species is most likely to include cells that are Hfr cells AND have a cell wall that consists partly of an outer membrane of lipopolysaccharide?