• 2022-06-16
    when a company buy some goods and promise to pay the mony, then the company get a ( ).
    A: account receivable
    B: account payable
    C: stockholders' equity
    D: loan
  • B

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    • 0

      Which one of the following savings plans is not covered by federal deposit insurance? A: passbook account at a savings and loan B: regular checking account at a commercial bank C: money market account at a commercial bank D: money market fund with an investment company E: certificate of deposit at a commercial bank

    • 1

      If the credit to record the purchase of supplies on account is not posted, A: Liabilities will be understated. B: Expenses will be overstated. C: Assets will be understated. D: Stockholders’ equity will be understated.

    • 2

      When an expense account is increased: A: an amount is entered on the credit side of the expense account. B: stockholders' equity is not affected. C: an amount is entered on the debit side of the expense account. D: cash must always be credited.

    • 3

      What type of account is Unearned Revenue (asset, liability, stockholders’ equity, revenue, or expense) and what is its normal balance, respectively?

    • 4

      The payment of dividend by an American company to a foreign stockholder represents ( ). A: a debit in the S. capital account B: a credit in the current account C: a credit in the S. official reserve account D: a debit in the S. current account