1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wittaler [7]
4 years ago
5

Earning revenue ____________________ a. decreases assets, increases liabilities b. increases assets, decreases stockholders' equ

ity c. increases one asset, decreases another asset d. increases assets, increases stockholders' equity
Business
1 answer:
guajiro [1.7K]4 years ago
3 0

Answer:

d.  increases assets, increases stockholders' equity

Explanation:

The journal entry for earning revenue is shown below:

Cash A/c Dr. XXXXX

      To Sales revenue A/c XXXXX

(Being revenue is earned)

Since the revenue is earned so we debited the cash account which increases the asset balance and credited the sales revenue account which increases the stockholders' equity balance.

You might be interested in
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/c.........................Dr      $10,150

    Interest Revenue A/c.........Cr     $150

    Notes Receivable A/c.........Cr    $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0
3 years ago
Lyn files a suit against Karl. Karl denies Lyn’s charges and sets forth his ownclaim that Lyn breached their contract and owes K
dexar [7]

Answer:

a. Counterclaim

Explanation:

Counterclaim is a claim by a defendant (the person be sued) against the plaintiff (the person who sues first).

Lyn is the plaintiff, who first sued Karl (the defendant). Karl's claim against the original plaintiff (Lyn) is an example of a counterclaim.

Another example is counterclaim by the city of Sandy Springs against Holder Construction Group, the company that built the city of Sandy Springs’ new City Springs complex.

Holder Construction Group earlier sued Sandy Springs city over disagreements on payments for the work.

The city filed a counterclaim to a superior Court, claiming that Holder Group should be denied payments until all work is done and for breach of contract, negligent construction and fraud.

5 0
3 years ago
Consumers are particularly price-responsive when:a. it is difficult to substitute across suppliers and prices are high. b. they
s344n2d4d5 [400]

Answer:

The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.

Explanation:

To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.

8 0
3 years ago
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

The main importance of the brand alignment is that we can easily represent our company brand to the client and also provide the internal consistent in the market.    

 Therefore, Brand alignment is the correct answer.

7 0
4 years ago
Under the First Amendment, commercial speech is:
Dmitriy789 [7]

Answer:

The correct answer is the option A: subject to intermediate scrutiny unlike political speech.

Explanation:

On the one hand, the <em>First Amendment to the United States Constitution</em> is the law that basically protects the rights of the people to have a free speech and moreover, establishes that the government can not intervene in an establishment of religion and prohibits the free exercise of religion.

On the other hand, the <em>Commercial Speech</em> under the First Amendment is seen as a particular case of speech due to the fact that this one can be harmful for the people and therefore can be fraudulent to them and in order to prevent that from happening the First Amendment does not protect so much the commercial speech and this last one is far more regulate it by the government than political speech.

6 0
4 years ago
Other questions:
  • Yvonne knows her firm must look at everything it does from a consumer's point of view. One major difficulty is that consumers' _
    15·1 answer
  • Cawley Company makes three models of tasers. Information on the three products is given below.
    14·1 answer
  • The performance of personal and business investments is measured as a percentage called "return on investment." What type of var
    7·1 answer
  • You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w
    6·1 answer
  • A firm has issued $5 par value preferred stock that pays a $0.80 annual dividend. The stock currently sells for $9.50. In calcul
    6·1 answer
  • The following table shows a simplified consolidated balance sheet for the entire
    8·1 answer
  • Suppose that, in a competitive market without government regulations the equilibrium price of gasoline is $3.00 per gallon.
    6·1 answer
  • Entrepreneurial strategies an entrepreneur should adopt when undertaking entrepreneurial business venture
    11·1 answer
  • 9. If the Federal wants to decrease the target rate range for the federal funds rate then it will set the IROB _________________
    6·1 answer
  • If firms are producing at a profit-maximizing level of output where the price is less than the average total cost:_________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!