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

Author Question: Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ... (Read 92 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


lbcchick

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 5, 2018
Correct answers!


vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
The Weather Business: A Brief Overview The Weather Business: A Brief Overview
Sample of a business card design. Sample of a business card design.
Business Math Business Math
Business Mathematics, 15th Edition Business Mathematics, 15th Edition
The business trip grade 1 The business trip grade 1
Video: Definition of heart rate

For a complete list of videos, visit our video library