Purchases Returns and Allowances and Purchases Discounts are examples of ____________________ accounts
Fill in the blank(s) with correct word
contra-cost
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A manager is hiring for a new and highly sensitive position in the human resources department. An internal candidate has been referred to the manager for the interview process, but the manager is worried, based on some informal information, that the candidate has a serious mental health condition. How should the manager bring up the issue?
a. The manager should not try to understand if the condition could affect job performance. b. Ask the candidate if he or she has any mental health conditions. c. Ask the candidate if he or she is able to perform all job functions and meet the job’s attendance requirements. d. Ask the candidate if he or she has been treated for any mental health conditions.
What are the three conditions required by accounting standards in determining whether leases are treated as capital leases?
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
A. $1,568. B. $1,800. C. $1,564. D. $1,600. E. $200.
Land acquired so it can be resold in the future is listed in the balance sheet as a(n)
A) fixed asset B) current asset C) investment D) intangible asset