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Author Question: Special discounts on list prices granted to different classes of customers are known as trade ... (Read 156 times)

OSWALD

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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


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chreslie

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


OSWALD

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Reply #2 on: Jul 5, 2018
Thank you :)


chreslie

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Reply #3 on: Jul 5, 2018
Happy to help you


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