Revenues are increases in equity (via net income) from a company's sales of products and services to customers.
Answer the following statement true (T) or false (F)
True
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ROI is a(n)
A. liquidity ratio. B. return ratio. C. cash ratio. D. asset management ratio. E. debt management ratio.
In most cases, when making routine requests you should assume that the audience will not comply
Indicate whether the statement is true or false.
A commercial bank that gets a charter from the federal government is called a ________ bank.
A. charter B. state C. national D. federal reserve
April, Inc. issued 4000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. The journal entry to record this transaction would ________.
A) credit Cash $240,000, debit Preferred Stock—$60 Par Value $4000, and debit Paid-In Capital in Excess of Par—Preferred $236,000 B) debit Cash $240,000, credit Preferred Stock—$60 Par Value $4000, and credit Paid-In Capital in Excess of Par—Preferred $236,000 C) credit Cash $240,000 and debit Preferred Stock—$60 Par Value $240,000 D) debit Cash $240,000 and credit Preferred Stock—$60 Par Value $240,000