Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a (

An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a

(

)

Multiple Choice

Adjunct account.

Accrued revenue.

Accrued expense.

Intangible asset.

Contra account.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

10th Edition

0133117561, 978-0133117561

More Books

Students also viewed these Accounting questions

Question

★★★★★

Global Systems Inc. has just paid $2 in dividends (D0 = $2). The firm is expected to continue paying dividends in perpetuity. a. Suppose that the dividends are constant (Di = $2 for all i). What will...

Answered: 1 week ago

Question

★★★★★

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets...

Answered: 1 week ago

Question

★★★★★

1. Highlight the importance of presentations in your business career and explain how to adapt the planning step of the three- step process to presentations.

Answered: 1 week ago

Question

★★★★★

This problem requires the use of ACL software, which is included in the CD attached to the text. Information about installing and using ACL and solving this problem can be found in Appendix, pages...

Answered: 1 week ago

Question

★★★★★

An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a ( n ) : Multiple Choice Adjunct account. Accrued revenue....

Answered: 1 week ago

Question

★★★★★

QUESTION 3 (25 MARKS) Anita has a retail shop and sells clothes. Some of her customers pay cash and some have credit accounts which they settle each month. Anita had the following transactions in...

Answered: 1 week ago

Question

★★★★★

Define diversity, identifying all of the key groups protected under the Human Rights and Anti-Discrimination legislation in Australia

Answered: 1 week ago

Question

★★★★★

1. Do you think that a company should primarily be valued relative to the global industry to which it belongs, or to other national companies listed in its domestic home market? 2. Describe indexes...

Answered: 1 week ago

Question

★★★★★

John Doerr shows us how we can get back on track with \"Objectives and Key Results,\" or OKRs. OKRs is a goal-setting system that\'s been employed by the likes of Google, Intel, and Bono to set and...

Answered: 1 week ago

Question

★★★★★

2 325 Problem 3-24 Free Cash Flow (LO3) The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012 INCOME STATEMENT OF MCDONALD'S CORP 2012...

Answered: 1 week ago

Question

★★★★★

Competency Apply principles of organizational learning, innovation, and change in healthcare organizations. Student Success Criteria View the grading rubric for this deliverable by selecting the...

Answered: 1 week ago

Previous Question Next Question