« previous next »

Author Question: A debit or credit memo describing entries in the company's bank account may be enclosed with the ... (Read 73 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Jul 5, 2018
A debit or credit memo describing entries in the company's bank account may be enclosed with the bankstatement. An example of a credit memo is
 a. deposited checks returned for insufficient funds
  b. a promissory note left for collection
  c. a service charge
  d. notification that a customer's check for 375 was recorded by the company as 735 on the deposit ticket

Question 2

The higher the debt-to-equity ratio the greater the positive financial leverage.
 
  Indicate whether the statement is true or false


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Transference Between Memo and Scholarly Paper Transference Between Memo and Scholarly Paper
skeletal muscle consists of a group of fibers held together by connective tissue. It is enclosed in ... skeletal muscle consists of a group of fibers held together by connective tissue. It is enclosed in ...
Accounting (Making Entries) Accounting (Making Entries)
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Heart sounds

For a complete list of videos, visit our video library