Answer: is increased by credits
Explanation:
Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.
Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.
<h2>Johanna participated in a <u>
behavioral-description </u>
interview</h2>
Explanation:
Organization believes that if an employee can control is emotions and behave properly he / she is likely to work for more number of year in the company.
So in this situation, the interviewer tried to check the behavioral-description technique of handling various types of customers in her previous experience so that based on the reply, he consider the applicant.
There are some favorite questions of interviewer based on this technique are listed below:
- How do you handle stress?
- How do you face challenges?
- Have you ever committed mistake?
Answer:
correct option is b
Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $500,000
Explanation:
given data
issues = 50,000 shares
preferred stock = $50 par value
cash = $60 per share
Cash = $3,000,000
solution
here entry will be as
Journal Entry are
Cash = 50000 × $60 = $3000000
cash = $3000000 Dr
and
Preferred Stock = 50000 × $50 =
Preferred Stock = $2500000
so
Paid-in Capital in Excess of Par Value - Preferred Stock = 50000 × (60-50)
Paid-in Capital in Excess of Par Value - Preferred Stock = $500000 credit
so
correct option is b
Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $500,000
Answer: C. Ordinal
Explanation:
Ordinal Data is a statistical method of measurement that is able to categorize variables as well as order them in a certain manner. Ordinal data however is unable to tell the scale of difference in the different variables.
The Investment Firm was able to categorize the different companies and it was as well able to order them with these classifications because as we know, "AA" will be higher than "B".
However we do not know just how different in quality these 2 bonds are because there is no measurement scale.
This is therefore an Ordinal level data.