« previous next »

Author Question: An account receivable is typically classified as revenue. a. True b. False Indicate whether ... (Read 70 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jul 6, 2018
An account receivable is typically classified as revenue.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

If net income for a proprietorship was 50,000, the owner withdrew 20,000 in cash and the owner invested10,000 in cash, the capital of the owner increased by 40,000.
 a. True
  b. False
 
   Indicate whether the statement is true or false


dajones82

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Detritivores are often classified according to their body size as microflora, microfauna, mesofauna, Detritivores are often classified according to their body size as microflora, microfauna, mesofauna,
A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Buildings account for 15% of greenhouse gas emissions Buildings account for 15% of greenhouse gas emissions
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library