Alpha sold $2,000 of services to Beta on credit.Beta promised to pay for it next month.Beta will report a $2,000:
A) Payable.
B) Accounts Receivable.
C) decrease in Cash,since it plans to pay next month.
D) net income.
Correct Answer:
Verified
Q46: An economic resource that is owned by
Q47: Amounts earned by selling goods or services
Q48: Operating activities include:
A)interest paid on a bank
Q49: Operating activities,investing activities,and financing activities are presented
Q50: The financial reports of a business include
Q52: Alpha sold $2,000 of services to Beta
Q53: Cash flows from (used in)investing activities include
Q54: The separate entity assumption assumes:
A)the financial reports
Q55: Net income is the amount:
A)the company earned
Q56: Expenses are reported on the:
A)income statement in
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