Author Question: Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ... (Read 72 times)

lbcchick · **on:** Jul 5, 2018

Generally, the revenue account for a merchandising business is entitled
a. Sales
b. Fees Earned
c. Gross Sales
d. Gross Profit

Question 2

Team Shirts, Inc. had the following balances on its balance sheet:

Assets Liabilities
December 31, 2011 300,000 250,000
December 31, 2012 400,000 320,000

During 2012, Team Shirts had revenues of 500,000 and expenses of 420,000. No new stock was issued. The amount of dividends for 2012 was ________.
A) 130,000
B) 50,000
C) 10,000
D) 80,000

vkodali · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

a

Answer to Question 2

B

lbcchick · **Reply #2 on:** Jul 5, 2018

Correct answers!

vkodali · **Reply #3 on:** Jul 5, 2018

Great! Please up vote

Author Question: Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ... (Read 72 times)

lbcchick

Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ...

Related Topics

Need homework help now?

vkodali

Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ...

lbcchick

Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ...

vkodali

Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ...