Author Question: If companies increase market share in a given product line because their reported costs are less ... (Read 161 times)

joesmith1212 · **on:** Jul 5, 2018

If companies increase market share in a given product line because their reported costs are less than their actual costs, they will become more profitable in the long run.

Indicate whether this statement is true or false.

Question 2

The Posting Reference columns are used to trace transactions from the accounts to the journal. What will beentered in the Posting Reference column of (1) the journal and (2) the account?
a. (1) the amount of the debit or credit and (2) the journal page number
b. (1) the journal page number and (2) the date of the transaction
c. (1) the journal page number and (2) the account number
d. (1) the account number and (2) the journal page number