A printing company prints a brochure for a client and then bills them for this service. At the time the printing company's financial disclosure statements are prepared, the client has not yet paid the bill for this service
How will this transaction be recorded?
A) The sale will be added to Net Income on the income statement and retained in Net Income on the statement of cash flows.
B) The sale will be added to Net Income on the income statement but deducted from Net Income on the statement of cash flows.
C) The sale will not be added to Net Income on the income statement but added to Net Income on the statement of cash flows.
D) The sale will neither be added to Net Income on the income statement nor used to adjust Net Income on the statement of cash flows.
Answer: B
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The term LIFO reserve refers to
A) a cost flow assumption for valuing inventory B) a special fund set aside to cover LIFO liquidation C) inventory pools used in the dollar-value LIFO method D) any difference between the ending inventory amount under LIFO and the ending inventory amount under FIFO or average cost
Select all that indicate similarities between Human Performance Improvement (aka, Human Performance Technology) and evaluation.
a. a transdisciplinary field of practice
b. the use of systematic and systemic approaches
c. addressing both the process and the outcomes
d. open to various solutions to improve performance
Which of the following budgets is a financial budget?
A) Sales budget B) Cash budget C) Overhead budget D) Cost of goods manufactured budget
The federal government regulates franchising through laws that apply to specific industries
a. True b. False Indicate whether the statement is true or false