5. State fully the case of bringing unrealized profits on the books.
6. What distinctive problems arise in closing the books of a corporation? Discuss.
7. How are errors of previous periods to be corrected?
Chapter XXVII
1. Give the various titles used for the profit and loss summary and indicate their special uses, if any.
2. Indicate the subsections, and their content, of the manufacturing section.
3. Indicate the content of the trading section.
4. Indicate the content of the general administrative section.
5. Indicate the content of any other sections and show their uses.
6. State and discuss the different methods of handling some items, such as goods in process, discounts, outfreight, rent, insurance, etc.