« previous next »

Author Question: The sales account is a revenue account. a. True b. False Indicate whether the statement is true ... (Read 628 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Jul 5, 2018
The sales account is a revenue account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Calculate the cash received by the issuing company:
 
  Face value Issue price Cash received
  a. 50,000 103
  b. 80,000 100
  c. 100,000 97


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a. 51,500 = 50,000 x 1.03
b. 80,000 = 80,000 x 1.00
c. 97,000 = 100,000 x 0.97


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth. False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth.
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
A typical bank statement. A typical bank statement.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library