This topic contains a solution. Click here to go to the answer

Author Question: Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________. A) is ... (Read 65 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________.
 
  A) is a financing activity
  B) causes an increase in total assets
  C) is an operating activity
  D) is an investing activity

Question 2

Merchandise is ordered on November 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 13; the merchandise is received by the buyer on November 18; the entry is made in the buyer's accounts on November 20 . The credit period begins with what date?
 a. November 10
  b. November 13
  c. November 18
  d. November 20



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

C

Answer to Question 2

b




DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jul 5, 2018
:D TYSM


jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library