Donated equipment for which the fair value has been determined should be recorded as a debit to the appropriate equipment account and a credit to
a. Other Income.
b. Retained Earnings.
c. Capital Stock.
d. Revenue or Gain.
D
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Individual entries are posted from which of the following columns in the combination journal to the proper general ledger account?
a. Post. Ref. column b. Date column c. Cash Credit column d. General Debit column
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of
a. Comparability b. Consistency c. Neutrality d. Understandability
Productive capacity is a measure used in computing
a. residual income. b. net cash flow. c. return on investment. d. throughput.
Variables are named memory areas that hold values to allow retrieval and manipulation of values within your programs.
Answer the following statement true (T) or false (F)