« previous next »

Author Question: An account receivable is typically classified as revenue. a. True b. False Indicate whether ... (Read 28 times)

vicotolentino

  • Hero Member
  • *****
  • Posts: 552
on: Jul 6, 2018
An account receivable is typically classified as revenue.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

If net income for a proprietorship was 50,000, the owner withdrew 20,000 in cash and the owner invested10,000 in cash, the capital of the owner increased by 40,000.
 a. True
  b. False
 
   Indicate whether the statement is true or false


dajones82

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The Sun in false-color ultraviolet image The Sun in false-color ultraviolet image
Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Asomatognosia typically involves damage to the right parietal lobe. Asomatognosia typically involves damage to the right parietal lobe.
Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ... Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library