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 91 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
Excellent


steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library