Sales discounts appear on the:
a. balance sheet as a liability account.
b. income statement as a contra-revenue account.
c. balance sheet as an asset account.
d. income statement as an expense account.
b
Business
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A) pragmatists. B) visionaries. C) technologists. D) conservatives.
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Different depreciation methods may be used for the financial statements and for the tax return
Indicate whether the statement is true or false
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Which of the following is a method used to define accounts in terms of their size?
A. KISS B. FAB C. OAKS D. SELL E. ELMS
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The writing requirement under the Statute of Frauds means that an agreement must be a formal written contract
a. True b. False Indicate whether the statement is true or false
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