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Author Question: A contra-revenue account to record returned goods is: a. Freight-In b. Purchases Returns and ... (Read 74 times)

jrubin

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on: Jul 6, 2018
A contra-revenue account to record returned goods is:
 a. Freight-In
   b. Purchases Returns and Allowances
   c. Sales Returns and Allowances
   d. Sales Discounts

Question 2

State reimbursement to schools for a portion of special education costs incurred is an example of which category of nonexchange transactions?
 
  a. Derived tax revenue
  b. Imposed tax revenue
  c. Government mandated nonexchange revenue
  d. Voluntary nonexchange revenue


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meow1234

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

D


jrubin

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Excellent

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