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Author Question: Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ... (Read 22 times)

lbcchick

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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


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vkodali

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

a

Answer to Question 2

B


lbcchick

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Reply #2 on: Jul 5, 2018
Correct answers!


vkodali

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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