The normal balance is a debit in:
a. a liability account.
b. an expense account.
c. the owner's capital account.
d. a revenue account.
b
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The following information was presented in the balance sheet of Gloria Company as of December 31, 2014: Trade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which one of the following statements is true?
a. Gloria expects that $1,700,000 of accounts receivable will be collected after year end. b. The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000. c. The net realizable value of Gloria's accounts receivable is $1,600,000. d. Gloria expects to collect only $1,500,000 from its customers.
Reinforcement theory is based on the ______.
A. the law of reciprocity B. the law of gravity C. the law of cause D. the law of effect
Another name for absorption costing is
a. full costing. b. direct costing. c. job order costing. d. fixed costing.
New product development for many industries has been impacted by ______.
a. global competition b. the nuclear pact with Iran c. the emergence of ISIS d. the increase in terrorist attacks