This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Special discounts on list prices granted to different classes of customers are known as trade ... (Read 144 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jul 5, 2018
Special discounts on list prices granted to different classes of customers are known as trade discounts.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The bookkeeper of Dew Drop Inn forgets to record the adjusting entry for salaries earned but not yet paid. As a result of this mistake ________.
 
  A) total liabilities are too high
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


OSWALD

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jul 5, 2018
Thank you :)


chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

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?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Lab: Learn Echninodermata Classes Lab: Learn Echninodermata Classes
Luminosity Classes Luminosity Classes
The first step in field recovery involves surveying the site, sometimes with special equipment. The first step in field recovery involves surveying the site, sometimes with special equipment.
Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig
How to solve equations that contain cosine using special triangles (Part 2) How to solve equations that contain cosine using special triangles (Part 2)
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library