How will this transaction be recorded

Assignment Help Finance Basics

Reference no: EM13293666

The printing company prints a brochure for a client, and then bills them for this service. At this time the printing company's financial disclosure statements are prepared, the client has not yet paid the bill for this service. How will this transaction be recorded? a. The sale will be added to net income on the income statement and retained in Net income on the statement of cash flows. b. The sale will be added to net income on the income statement but deducted from net income on the statement of cash flows c. The sale will neither be added to net income on the income statement nor used to adjust net income on the statement of cash flows d. The sale will not be added to net income on the income statement but added to net income on the statement of cash flows.

Reference no: EM13293666

Questions Cloud

What is the frequency of the ac current : A 35.0-mH inductor has a reactance of 1.80 k. What is the frequency of the ac current that passes through the inductor

Describes why firms produce financial statements : Which of the following best describes why firms produce financial statements?

What device is used to extend the range of the dcvoltmeter : what device is used to extend the range of the DCvoltmeter and how is it connected to the basicmeter and what device is used to extend the range ofthe DC ammeter and how is it connected to thebasic meter

Public access to citizen''s private information : Discuss the advantages and disadvantages of public access to citizen's private information, both for the researchers and those who are being "investigated"

How will this transaction be recorded : At this time the printing company's financial disclosure statements are prepared, the client has not yet paid the bill for this service. How will this transaction be recorded?

Determine the current in the inductor : An inductor has an inductance of 0.015 H. The voltage across this inductor is 49 V, What is the current in the inductor

Design and develop a small or medium sized program : Write a C program that sorts strings into descending or ascending order (determined by the user of the program). develop your own program driver to illustrate that your program works. You may use any library functions you wish.

Evaluate the impact on human life : Evaluate the impact on human life of at least three different religions you have read so far. Be specific as you discuss how the particular religious tradition affects everyday life. Draw comparisons and contrasts between traditions as appropriate.

Find the maximum acceleration of harmonic oscillator : A simple harmonic oscillator with m=0.815 kg and total energy E=135 J has amplitude 1.35m, Find the maximum acceleration

User Account

All Pages