This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Special discounts on list prices granted to different classes of customers are known as trade ... (Read 46 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jul 5, 2018
Special discounts on list prices granted to different classes of customers are known as trade discounts.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The bookkeeper of Dew Drop Inn forgets to record the adjusting entry for salaries earned but not yet paid. As a result of this mistake ________.
 
  A) total liabilities are too high
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


OSWALD

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jul 5, 2018
Thank you :)


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Classes of lymphocytes Classes of lymphocytes
Classes of Forces Classes of Forces
Global Links: African Slave Trade Global Links: African Slave Trade
Including Students with Special Needs: A Practical Guide for Classroom Teachers, 8th Edition Including Students with Special Needs: A Practical Guide for Classroom Teachers, 8th Edition
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Global list of Threatened Species Global list of Threatened Species
Video: Rena arc construction

For a complete list of videos, visit our video library