Author Question: Which of the following situations increase owner's equity? a. Supplies are purchased on account. ... (Read 127 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
Which of the following situations increase owner's equity?
 a. Supplies are purchased on account.
  b. Services are provided on account.
  c. Cash is received from customers on account.
  d. Utility bill will be paid next month.

Question 2

Product-cost cross-subsidization ________.
 
  A) exists when one overcosted product results in more than one other product being overcosted
  B) means that if a company undercosts more than one of its products, it will overcost more than one of its other products
  C) means that if a company undercosts one of its products, it will overcost at least one of its other products
  D) exists only when one overcosted product results in all other products being overcosted



gcook

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

b

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library