A business received 600 cash from charge customers to apply on ...

[TVarnum]

A business received 600 cash from charge customers to apply on account. The effect of the transaction is an increase in an asset and a(n)
 a. increase in revenue.
  b. decrease in capital.
  c. decrease in a liability.
  d. decrease in an asset.
  e. increase in capital.

Question 2

Methods of financial statements analysis are most effectively applied together in a reiterative (rather than sequential) process.
 
  Indicate whether the statement is true or false

[memslove]

Answer to Question 1

D

Answer to Question 2

TRUE
Explanation: Due to their complementary nature, methods of financial statements analysis are most effectively applied together in a reiterative (rather than sequential) process.

[TVarnum]

Thank you

[memslove]

No problemo