What type of account is Sales Discounts? a. contra-asset b. revenue c. contra-revenue d. expense

Question:

What type of account is Sales Discounts?

a. contra-asset

b. revenue

c. contra-revenue

d. expense

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting The Impact On Decision Makers

ISBN: 9780324655230

6th Edition

Authors: Gary A. Porter, Curtis L. Norton

See More Books

Question Posted: Jun 06, 2024 01:05 AM

See More Questions

1. What type of account is Accumulated depreciation? Yourchoices are asset, contra asset, liability, stockholder's equity,contra stockholder's equity, revenue, or expense. 2. What is the normal...
What type of account is a deferred tax asset valuation allowance? Equity account Contra asset Contra liability Current asset
The financial decisions related to housing as you try to maximize current income and prepare for retirement might include: Multiple select question. purchasing a larger dream home in a warmer...
Which of the environmental policy options discussed in this and previous chapters would you recommend if a hypothetical society were facing the following environmental problems? In each case, briefly...
A portfolio manager based in the United Kingdom is planning to invest in U.S. bonds with a maturity of one year. Assume that the ratio of the price levels of a typical consumption basket in the...
Mechanisms that make the bacterial chromosome more compact include a. the formation of microdomains and macrodomains. b. DNA supercoiling. c. crossing over. d. both a and b.
What has been your experience with on-campus marketing efforts? Have you ever seen what you would call "ethically questionable" behavior?LO1
The percent of college students marijuana use for a sample of 95,761 students is shown in the pie chart. Find the probability of each event. (a) Randomly selecting a student who never used marijuana....
Ayayai Restaurant's gross payroll for April is $46,800. The company deducted $ 2,551 for CPP$ 739 for Eland $9,026 for income taxes from the employees' cheques. Employees are paid monthly at the end...
Cost of goods available for sale is equal to a. cost of goods sold less beginning inventory. b. beginning inventory less ending inventory. c. beginning inventory less cost of goods sold. d. none of...
Net sales is equal to a. sales revenue less sales returns and allowances and sales discounts. b. sales revenue less cost of goods sold. c. sales revenue less selling and administrative expenses. d....
Define Web 2.0.
Beginning with Eq. (11.16), prove that Data from Eq. 11.16 Data from Eq. 11.21 where we have defined D8 = - 3 2 F = FiFi T = F + F + F Y = F8. 3 Show that this leads to Eq. (11.21) with the...
Consider the light bulb that is the object in Figure 33.28. If you move the bulb to the left, does the image shift left, shift right, or stay in the same place? Data from Figure 33.28 (a) The three...
Two models of light emitted from a light bulb are illustrated in Figure P33.5. (a) Describe the difference in the behavior of light in each model. (b) Describe an experiment that can determine which...
Parallel red and green laser rays are incident on a glass slab as shown in Figure P33.24. Sketch the rays as they pass through the slab and after they have entered the air to the right of the slab....
Consider the following five operations: constructing a luxury cruise ship, operating a casual dining restaurant, staging a professional sports match, manufacturing a patented drug, and rescuing...
Evaluate each of the following proposals to raise money to address global warming. Consider for each the equity issues, whether the proposal will work, and the efficiency in terms of minimizing...
The following exercises are not grouped by type. Solve each equation. x610x -9
.Is bankruptcy on the part of the borrower a common risk that frequently interferes with a lenders efforts to work out a defaulted loan through either nonforeclosure means or foreclosure? Discuss.
For each of the following, compute the future value: Present Value Years Interest Rate $ 1 , 2 5 0 1 9 1 2 % $ 9 8 , 7 2 7 1 5 1 3 % $ 6 2 5 6 1 2 % $ 1 1 7 , 6 2 2 7 1 6 % 2 . For each of the...
Only need help on 4B and 5. Exercise 9-21 Breakeven Planning; Profit Planning (LO 9-2, 9-3] Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in...

What type of account is Sales Discounts? a. contra-asset b. revenue c. contra-revenue d. expense

Question:

Step by Step Answer:

Financial Accounting The Impact On Decision Makers

Students also viewed these Business questions