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Phoenix [80]
3 years ago
15

True or False: An interest-bearing account is an account that generates interest income on the available balance in the account.

→ False
Business
1 answer:
Korvikt [17]3 years ago
6 0

Answer:

False

Explanation:

Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.

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When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing b
Lelu [443]

The correct answer is to debit an expense.

What is debit ?

  • Still, plutocrats are taken out of it to pay someone differently, If an item or a client's account is debited. When you charge your credit card, you credit the credit card account to increase the quantum that you owe, and disenfranchise the expenditure that you charged on it.
  • The bank will disbenefit your account for the freights.
  • Disbenefit' is a formal secretary and account term that comes from the Latin word debere, which means" to owe".
  • The disadvantage falls on the positive side of a balance distance account, and on the negative side of a result item.
  • Under term FOB destination, freight is paid by the seller.

Hence,

When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing bikes co. should debit an expense.

Learn more about debit here:

brainly.com/question/14279491

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3 0
1 year ago
hello are anyone there with free time on there hands i need friends and dont go if i dont answer because my mom is well a mom an
Troyanec [42]

Answer:

ello

Explanation:

I'll be your fren if that's what cha asking :^

5 0
2 years ago
Read 2 more answers
A firm material called lauan placed on a wooden or hollow metal frame, which can be painted and, in addition, have three-dimensi
Blababa [14]

Answer:

<em>Flat </em>

Explanation:

<em>Flats </em>are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is  called wings. Flats are made of wood.

5 0
3 years ago
On October 1, Vista View Company rented warehouse space to a tenant for $3,600 per month. The tenant paid five months' rent in a
Damm [24]

Answer:

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800

Credit Rent Revenue $10,800

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

The tenant paid five months' rent in advance on October 1. From October 1 to December 31, Vista View Company had rented warehouse space to a tenant for 3 months.

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800  ($3,600 x 3 = $10,800)

Credit Rent Revenue $10,800

7 0
3 years ago
Skill, road surfacing, lubricants, tires, brakes, and the weight of the car are all examples that can create what type of drivin
avanturin [10]

An independent variable is an input, assumption, or driver that is changed in order to assess its impact on a dependent variable (the outcome). Think of the independent variable as the input and the dependent variable as the output. In financial modeling and analysis, an analyst typically performs sensitivity analysis in Excel, which involves changing assumptions in the model to observe the impact on output.

4 0
2 years ago
Read 2 more answers
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