A company using the perpetual inventory system paid cash for freight costs to purchase merchandise. Which of the following reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=NA+-NA-NA=NA- OAB.+ -=NA+NANA-NA=NA- OAC.+ -=NA+NANA-NA=NANAD.+ -=NA+NANA-+=-- OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
Business
You might also like to view...
______ is a type of intrusion where we pollute the area we are occupying with trash or noise.
a. Violation b. Invasion c. Contamination d. Mitigation
Business
Smith reported the following for 2012. Beginning market price $20.00 Average market price 24.00 Ending market price 26.00 Earnings per share: Basic 1.80 Diluted 1.60 Cash dividends per share 1.00 The price earnings ratio and dividend payout were:
a. 16.25 and 62.50%. b. 16.25 and 65.00%. c. 17.00 and 62.50%. d. 15.00 and 62.50%. e. 15.00 and 60.00%.
Business
Describe each of the four types of work cultures in terms of solidarity and sociability.
What will be an ideal response?
Business
List the ten principles of personal finance
What will be an ideal response?
Business