« previous next »

Author Question: Treasury stock is a(n) _____ account. A) asset B) contra-asset C) equity D) ... (Read 136 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 5, 2018
Treasury stock is a(n) _____ account.
 
  A) asset
  B) contra-asset
  C) equity
  D) contra-equity

Question 2

The debit balance in Cash Short and Over at the end of an accounting period is reported as
 a. an expense on the income statement
  b. income on the income statement
  c. an asset on the balance sheet
  d. a liability on the balance sheet


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Efficiency vs. Equity Efficiency vs. Equity
Reconstruction Drawing of the Sanctuary of Apollo, Delphi: Treasury of the Siphnians Reconstruction Drawing of the Sanctuary of Apollo, Delphi: Treasury of the Siphnians
Wind, solar, biomass, and geothermal power account for less than 1% of global power generation Wind, solar, biomass, and geothermal power account for less than 1% of global power generation
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: How Hemoglobin Picks Up and Delivers Oxygen

For a complete list of videos, visit our video library