« previous next »

Author Question: The sales account is a revenue account. a. True b. False Indicate whether the statement is true ... (Read 90 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Jul 5, 2018
The sales account is a revenue account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Calculate the cash received by the issuing company:
 
  Face value Issue price Cash received
  a. 50,000 103
  b. 80,000 100
  c. 100,000 97


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a. 51,500 = 50,000 x 1.03
b. 80,000 = 80,000 x 1.00
c. 97,000 = 100,000 x 0.97


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

TrUe....FaLsE TrUe....FaLsE
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
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 ...
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 ...
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library