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Depositing a gift from a family member is regarded as: a) revenue b) capital c) a reverse expense d) a liability Paying cash for entertainment:
| Depositing a gift from a family member is regarded as: | ||||||||
| a) | revenue | |||||||
| b) | capital | |||||||
| c) | a reverse expense | |||||||
| d) | a liability | |||||||
|
Paying cash for entertainment: | ||||||||
| a) | involves two entries to the balance sheet | |||||||
| b) | involves two entries to the income statement | |||||||
| c) | involves an entry to the balance sheet and an entry to the income statement | |||||||
| d) | involves two entries to the balance sheet and one entry to the income statement | |||||||
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Acct 1100 Financial Accounting 1 25 Edition
Authors: Carl S. Warren ,James M. Reeve ,Jonathan E. Duchac
1st Edition
1285558839, 978-1285558837
