When a company lends cash to a customer who signs a promissory note: total assets decrease when the lending transaction occurs, but increase when the amount borrowed by the customer is repaid. total assets increase when the lending transaction occurs and revenues increase when the amount borrowed by the customer is repaid. total assets increase and liabilities increase when the lending transaction occurs. total assets and net income do not change when the lending transaction occurs?
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Business, 22.06.2019 09:20
Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.
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Business, 22.06.2019 19:10
Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form
Answers: 3
Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
When a company lends cash to a customer who signs a promissory note: total assets decrease when the...
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