Which of the following describes the classification and normal balance of the fees earned account?
A) asset, credit
B) liability, credit
C) owner's equity, debit
D) revenue, credit
D
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An important feature associated with the traditional approach to data management is the ability to produce ad hoc reports
Indicate whether the statement is true or false
A vertical ________ system consists of vertically aligned networks behaving and performing as a unified system.
A. insourcing B. allowance C. inventory D. marketing E. assortment
An investor borrowed $10,00 . to buy shares of stock of a chain of retail gift stores. The loan was for 120 days at 9% ordinary simple interest. Compute the interest that the investor will pay on the due date. (Use a 360-day year.)
Which of the following is possible for a particular business transaction?
A. Decrease assets and increase stockholders' equity. B. Decrease one asset and increase another asset. C. Decrease liabilities and increase expenses. D. Increase assets and decrease liabilities.