Author Question: Dividends are ________. A) the same as expenses B) a reduction in retained earnings C) owners' ... (Read 34 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
Dividends are ________.
 
  A) the same as expenses
  B) a reduction in retained earnings
  C) owners' contributions to the firm
  D) another term for each partner's share of partnership income

Question 2

When the perpetual inventory system is used, the inventory sold is debited to
 a. Supplies Expense
  b. Cost of Merchandise Sold
  c. Merchandise Inventory
  d. Sales



heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

B

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

For a complete list of videos, visit our video library