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Hi, could you please tell me the correct answers? Thanks Incorrect Question 1 0/0.5 pts Where should accounts receivable should entered? on the income statement,
Hi, could you please tell me the correct answers? Thanks
Incorrect Question 1 0/0.5 pts Where should accounts receivable should entered? on the income statement, just below sales revenues on the balance sheet as a short-term liability on the balance sheet as a long-term asset None of the above are correct. incorrectQuestion 2 /0.5 pts Sam purchased a new ice-cream machine for $45,000 for his Frozen Delights store. Which of the following options reflects how his purchase should be recorded? $45,000 expense as part of cost of goods sold on the income statement 45,000 expense under operating expenses on the income statement $45,000 increase in gross fixed assets on the balance sheet both A and C both A and C. You selected this answer both B and CStep by Step Solution
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