In an internal transfer, the buying division records the transaction by
a. debiting Accounts Receivable.
b. crediting Accounts Payable.
c. debiting Intracompany Cost of Goods Sold.
d. crediting Inventory.
B
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A company purchases an asset on a deferred payment plan, ultimately paying $15,000. On the payment date, the company would
A) credit Cash for less than $15,000. B) debit Interest Expense for the imputed amount. C) debit the asset account for $15,000. D) debit Accounts Payable for $15,000.
Which statement below does not describe nonverbal communication as stated in the textbook?
a. Allows transmission of subtle messages b. Risk of conveying the wrong message c. Is an important way of communicating d. Can be recorded and archived
Alice works for a large advertising agency where she is hoping to be promoted to a management position. Alice's mother and two sisters all died of breast cancer at a young age. Alice's employer knows this, and will not put Alice in a management position because he fears that she will also develop cancer. This decision is allowed because it is in the best interest of the company
a. True b. False Indicate whether the statement is true or false
Dividends paid by a company are reported on which of the following financial statement(s)?
A. Statement of changes in stockholders' equity B. Income statement C. Statement of cash flows D. Statement of changes in stockholders' equity and statement of cash flows