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Author Question: A business received 600 cash from charge customers to apply on account. The effect of the ... (Read 125 times)

TVarnum

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on: Jul 6, 2018
A business received 600 cash from charge customers to apply on account. The effect of the transaction is an increase in an asset and a(n)
 a. increase in revenue.
  b. decrease in capital.
  c. decrease in a liability.
  d. decrease in an asset.
  e. increase in capital.

Question 2

Methods of financial statements analysis are most effectively applied together in a reiterative (rather than sequential) process.
 
  Indicate whether the statement is true or false


memslove

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Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

TRUE
Explanation: Due to their complementary nature, methods of financial statements analysis are most effectively applied together in a reiterative (rather than sequential) process.


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TVarnum

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Reply #2 on: Jul 6, 2018
Thank you


memslove

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Reply #3 on: Jul 6, 2018
No problemo


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