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

Author Question: A sizable reduction from the list price of merchandise purchased that is NOT recorded on the buyers ... (Read 87 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
A sizable reduction from the list price of merchandise purchased that is NOT recorded on the buyers books.
 a. Sales Discount
   b. Purchase Discount
   c. Trade Discount
   d. Purchase Adjustment

Question 2

If a General Fund purchases capital assets with cash, what effect will this transaction have on the assets and fund balance, respectively, of the fund?
 
  A. Neither assets nor fund balance will change (the increase in capital assets will offset the decrease in cash).
  B. Both assets and fund balance will increase.
  C. Both assets and fund balance will decrease.
  D. No effect since the purchase is recorded only in the General Capital Assets account.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

robbielu01

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

c

Answer to Question 2

C




tatyanajohnson

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
:D TYSM


phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library