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The Following Table Contains Financial Information for Fisher Inc How Many of the Above Accounts Are Permanent?
A)Three

Question 59

Multiple Choice

The following table contains financial information for Fisher Inc.for 2012 before closing entries:
 Cash $23,000 Common Stock 34,000 Supplies 4,000 Advertising Expense 2,000 Accounts Payable 20,000 Service Revenue 30,000 Salaries Expense 3,000 Prepaid Rent 4,000 Dividends 3,000 Equipment 45,000\begin{array} { | l | r | } \hline \text { Cash } & \$ 23,000 \\\hline \text { Common Stock } & 34,000 \\\hline \text { Supplies } & 4,000 \\\hline \text { Advertising Expense } & 2,000 \\\hline \text { Accounts Payable } & 20,000 \\\hline \text { Service Revenue } & 30,000 \\\hline \text { Salaries Expense } & 3,000 \\\hline \text { Prepaid Rent } & 4,000 \\\hline \text { Dividends } & 3,000 \\\hline \text { Equipment } & 45,000 \\\hline\end{array}
How many of the above accounts are permanent?


A) Three.
B) Four.
C) Five.
D) Six.

Correct Answer:

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