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Author Question: An account receivable is typically classified as revenue. a. True b. False Indicate whether ... (Read 59 times)

vicotolentino

  • Hero Member
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  • 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


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