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Author Question: The purchase of a good or service that has not yet been paid for is recorded in ________ on the balance sheet. (Read 80 times)

danitzaidaly

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on: May 9, 2022

Question 1

The profit earned, or the loss incurred by a firm, determined by subtracting expenses and taxes from revenues, is referred to as the ________.
◦ working capital
◦ current asset
◦ net income
◦ net sales
◦ gross income

Question 2

The purchase of a good or service that has not yet been paid for is recorded in ________ on the balance sheet.
◦ accrued expense
◦ owners' equity
◦ supplier's equity
◦ accounts payable
◦ deferred expense
Business in Action ¦ Bovee, Thill ¦ 9th Edition
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Marked as best answer by danitzaidaly on May 9, 2022

bball_babe_123

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Reply #1 on: May 9, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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danitzaidaly

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Reply 2 on: May 9, 2022
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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