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Author Question: Which of the following items is a discretionary expenditure? a. Union wages. b. Factory building ... (Read 51 times)

Collmarie

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on: Jul 6, 2018
Which of the following items is a discretionary expenditure?
 
  a. Union wages.
  b. Factory building to produce inventory.
  c. Advertising.
  d. Taxes.

Question 2

Boulder Co uses the accrual basis of accounting. Boulder Co receives cash from customers in October for services to be performed in December. Which of the following is true?
 a. Boulder Co. should record revenue in October.
   b. Boulder Co. should record revenue in December.
   c. Boulder Co. should record the receipt of cash in December.
   d. None of the answers listed.


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leahchrapun

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

b


Collmarie

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Excellent

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