Business, 20.01.2020 21:31 angelina0miles

During october, blue sky inc. correctly enters a $10,000 credit to its revenues account. what conclusions can be made based on this accounting entry?

a. this entry indicates that blue sky recognized $10,000 in revenue in october, which likely means that the firm's net income and ending retained earnings increased while its stockholders' equity decreased.
b. this entry indicates that blue sky lost $10,000 in revenue in october, which likely means that the firm's net income, ending retained earnings, and stockholders' equity all decreased.
c. this entry indicates that blue sky recognized $10,000 in revenue in october, which likely means that the firm's net income, ending retained earnings, and stockholders' equity all increased.
d. this entry indicates that blue sky lost $10,000 in revenue in october, which likely means that the firm's net income and ending retained earnings decreased while its stockholders' equity increased.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:30

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Answers: 2

Answer

Business, 22.06.2019 09:30

What are two benefits of consumer programs

Answers: 2

Answer

Business, 22.06.2019 16:50

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Answers: 1

Answer

Business, 22.06.2019 18:00

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

Answers: 1

Answer

You know the right answer?

During october, blue sky inc. correctly enters a $10,000 credit to its revenues account. what conclu...

Questions