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Author Question: Special discounts on list prices granted to different classes of customers are known as trade ... (Read 115 times)

OSWALD

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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



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chreslie

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Answer to Question 1

True

Answer to Question 2

B





 

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