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Sacks Company provides services of $47,400 to Bloomington Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Sacks
Sacks Company provides services of $47,400 to Bloomington Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Sacks Company record on April 12? A. B. Accounts Receivable 46,926 Sales Revenue 46,926 Accounts Receivable 47,400 Sales Revenue 46,926 Sales Discounts 474 Accounts Receivable 47,400 Sales Revenue 47,400 Accounts Receivable 47,400 Sales Discounts 474 Sales Revenue 47,874 C. ID Cash flows from investing activities do not include: Multiple Choice All of the other answers are investing activities. Proceeds from the sale of marketable securities. Cash paid to purchase land. Cash received from the sale of land. Rent paid on corporate office space. The largest amount of revenue recorded from a sale to a customer is when the customer pays with a: Multiple Choice Cash. Check. Credit card. The revenue will be the same amount for each of the above payment methods. TIAF Inc. issued bonds with a face amount of $500,000. The bonds bear interest at the rate of 7% even though the market rate of interest was 6% on the issue date. What is the issue price of these bonds? Multiple Choice The answer cannot be determined from the information provided. Equal to $500,000. More than $500,000. Less than $500,000
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