Question
Beckers Bookstore shipped merchandise FOB destination to a customer. If the transportation costs are paid in cash, which of the following choices reflects how this
Beckers Bookstore shipped merchandise FOB destination to a customer. If the transportation costs are paid in cash, which of the following choices reflects how this transaction will affect the company's financial statements?
| Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | ||
| A. | = | NA | + | NA | + | = | OA | ||||
| B. | = | NA | + | NA | + | = | NA | ||||
| C. | +/ | = | NA | + | NA | + | NA | = | + | OA | |
| D. | = | NA | + | NA | = | OA | |||||
Multiple Choice
Option A
Option B
Option C
Option D
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
