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

Author Question: Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as ... (Read 68 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jul 5, 2018
Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as
 a. sales on account
  b. sales returns
  c. cash sales
  d. sales when the credit card company remits the cash

Question 2

Explain the objectives of financial reporting.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

The most important objective of financial reporting is to provide useful information for decision makers. In order to be useful, the information has to be relevant, reliable, comparable and consistent.


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Aquatic microclimates: aquatic environments generally show less temperature variation compared to te Aquatic microclimates: aquatic environments generally show less temperature variation compared to te
Male giraffe mounting a female. Only dominant males are generally able to mate. Male giraffe mounting a female. Only dominant males are generally able to mate.
Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ... Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ...
The West Bank Challenge The West Bank Challenge
A Radio Telescope in Green Bank, West Virginia A Radio Telescope in Green Bank, West Virginia
On the Flexible Item Selection Task (FIST) children are presented with three cards On the Flexible Item Selection Task (FIST) children are presented with three cards
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library