Zetom Company receives a bill from one of its suppliers for services received and will pay the supplier next month. How does the receipt of the bill from the supplier affect the accounting equation of Zetom?
A) assets and liabilities increase
B) assets and equity decrease
C) liabilities and equity increase
D) liabilities increase and equity decreases
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Zetom Company receives a bill from one of its suppliers for services received and will pay the supplier next month. How does the receipt of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Is a type of scam that uses spoofed domain names to obtain personal information for use in fraudulent activities?
Answers (1)
What are the central concerns of economics? A) How to get money and how to keep it. B) Resource use, production, and distribution of goods and services. C) Making decisions about who owns what and how they got it.
Answers (1)
using the information below compute the cycle efficiencyDays' sales in accounts receivable 15daysDays' sales in inventory 72daysDays' payable outstanding 35days (A) 51 days. (B) 87 days. (C) 37 days. (D) 52 days. (E) O 63 days.
Answers (2)
Which of the following represent plans developed at the organization's lower levels that specify action steps toward achieving operational goals and that support tactical planning activities?
Answers (1)
A pegged exchange rate means the value of the currency is fixed relative to a reference currency
Answers (1)
New Questions in Business
Match the business with the appropriate cost system (s) for that business using the number of the cost system where 1 = job order costing, 2 = process costing, and 3 = activity-based costing. a. Ketcher, Tryer, and Friar, attorneys-at-law b.
Answers (1)
Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a targeted profit of $3,600, how many units must be sold?
Answers (1)
Using the following information, what is the amount of net income? Purchases $ 33,189 Selling expenses $ 758 Merchandise inventory, September 1 7,436 Merchandise inventory, September 30 8,978 Administrative expenses 760 Sales 51,684 Rent revenue 832
Answers (1)
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False
Answers (1)
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)