ezto.mheducation.com MS Access Lab 4-Queries and Reports Chapter 5 &7 Quiz e con

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ezto.mheducation.com MS Access Lab 4-Queries and Reports Chapter 5 &7 Quiz e connect Financial Accounting: Spring 2018 Se CCOUNTING Chapter 5& 7 Quiz Question 6 (of 10) 6. Which of the following items is not part of disclosure notes to the financial statements? O Additional detail of income taxes payable reported in the balance sheet O Names of executive officers and the salaries for each officer listed. O Commitments under long-term supply agreements to buy inventory and equipment O Descriptions of the significant accounting methods applied in the company's financial statements 12,666 26

Explanation / Answer

First Question:

Additional Details of income tax payable reported in balance sheet.

Second Question:

Opening: 100000

Sale: 450000

CLosing: 80000

Purchases: 450000+80000-100000=430000

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