Exam (elaborations)
HBX Core Harvard Business School Exam With 100% Correct And Verified Answers
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- Harvard University
HBX Core Harvard Business School Exam With 100% Correct And Verified Answers
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HBX Core Harvard Business SchoolExam With 100% Correct And Verified
Answers
(liability) ACCOUNTS PAYABLE increases with a -
Correct Answer-Credit
(asset) CASH decreases with a - Correct Answer-Credit
(asset) NOTES RECEIVABLE increases with a - Correct
Answer-Debit
(owners equity) COMMON STOCK decreases with a -
Correct Answer-Debit
(asset) PROPERTY, PLANT & EQUIPMENT decreases
with a - Correct Answer-Credit
(liability) LONG TERM DEBT increases with a - Correct
Answer-Credit
(owners equity) RETAINED EARNINGS increases with a -
Correct Answer-Credit
Vendarsol
, (liability) WAGES PAYABLE increases with a - Correct
Answer-Credit
On June 1, 2013 Cardullo's purchased a case of Vermeiren
Cookie Spread as inventory from its supplier for $200 and
paid in cash. - Correct Answer-Debit Inventory for $200
Credit Cash for $200
Suppose your company receives a large order from your best
customer. Should this be treated as revenue and recorded on
your company's books? - Correct Answer-No, Because
revenue is not considered earned until a product or service is
delivered.
RETAINED EARNINGS increases with a - Correct Answer-
Credit
PROPERTY, PLANT & EQUIPMENT decreases with a -
Correct Answer-Credit
NOTES RECEIVABLE increases with a - Correct Answer-
Credit
Vendarsol
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