If a company uses the net method to record purchases, but fails to pay within the discount period, which account is debited or credited for the lost discount?
A) Accounts Payable, debited
B) Inventory, debited
C) Accounts Payable, credited
D) Inventory, credited
B) Inventory, debited
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The Discount on Bonds Payable account is shown on the balance sheet as
a. an asset. b. an expense. c. a long-term liability. d. a contra long-term liability.
You ask your roommate Xylia if she ate the last of the food in the refrigerator. Xylia denies eating the food but refused to look you in the eye. You don’t believe her and think that she is lying based on the fact that she won’t look at you. What statement about nonverbal communication is supported by this example?
a. Nonverbal communication is more accurate than verbal messages. b. Nonverbal messages are more convincing than verbal messages. c. Nonverbal messages reflect our feelings and attitudes. d. Nonverbal messages can be assessed as truth.
Why is the residual value of equipment relevant when considering the replacement of equipment?
What does it mean to say that a project network is sensitive and why is that important to a project manager who needs to reduce the duration of his or her project?
Fill in the blank(s) with the appropriate word(s).