Question and answer
In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits. B. Normal balances and decreases are credits. C. Normal
balances can either be debits or credits for assets. D. Normal balances are debits and increases can be debits or credits.
In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits.
Ask a question
Not a good answer? Get an answer now. (Free)
Original conversation
User: In terms of sequence, in what order must the four basic financial statements be prepared? A. Balance sheet, income statement, statement of cash flows, and capital statement B. Income statement, capital statement, statement of cash flows, and balance sheet C. Balance sheet, capital statement, statement of cash flows, and income statement D. Income statement, capital statement, balance sheet, and statement of cash flows

User: In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits. B. Normal balances and decreases are credits. C. Normal balances can either be debits or credits for assets. D. Normal balances are debits and increases can be debits or credits.

Weegy: In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits.
debnjerry|Points 29897|

User: In classifying transactions, which of the following is true in regard to assets? A. Normal balances and increases are debits. B. Normal balances and decreases are credits. C. Normal balances can either be debits or credits for assets. D. Normal balances are debits and increases can be debits or credits.

Weegy: In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits.
debnjerry|Points 29897|

User: 4) An increase in an expense account must be A. debited B. credited C. either debited or credited, depending on the circumstances D. capitalized

User: ABC Corporation issues 100 shares of $1 par common stock at $5 per share, which of the following is the correct journal entry? A. Cash $100 Common Stock $100 B. Cash $500 Common Stock $500 C. Cash $500 Paid-in Capital, Excess of Par $400 Common Stock $100 D. Cash $100 Paid-in Capital, Excess of Par $400 Common Stock $500

Weegy: If the treasury stock is sold for more than cost, then the paid-in capital treasury stock is the account that is increased, not retained earnings. So ans is B.
Expert answered|Shanaaz1986|Points 170|

Question
Asked 4/17/2012 1:18:30 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
0 questions answered
Popular Conversations
What is the equation of the line described below written in ...
Weegy: The line passing through point (4, -1) and perpendicular to the line whose equation is 2x - y - 7 = 0 in slope ...
7/28/2014 12:38:02 PM| 7 Answers
beliefs of buddhism
Weegy: Read more: Buddhism: Basic Beliefs and Practices | Infoplease.com ]
7/28/2014 4:39:59 AM| 5 Answers
Find the product. (-7p)^3
Weegy: -21p User: Find the product. (n^3)^2 · (n^5)^4 Weegy: your question? User: Find the ...
7/28/2014 7:09:27 AM| 3 Answers
What is the solution set of the following equation? -8x + x + 15 = ...
Weegy: Answer is definitely c. B = (R - Ax)/x User: The slope of a line is -1/3. Find the slope of a line that is ...
7/28/2014 1:05:49 PM| 3 Answers
Exerts control over all parts of the body (Points : 4) Nervous ...
Weegy: 1. Peripheral nervous system registers information and controls movements outside the central nervous system. ...
7/28/2014 3:41:02 PM| 3 Answers
Solve for x. 8 – 3x = 20 User: Juan buys 4 shirts on sale for $15 ...
Weegy: 4 tshirts 4 x $15.00 = $60.00 $78.00 - $60.00 = $18.00 6 pairs of socks is $18.00 $18.00 / 6 = $3.00 each ...
7/28/2014 7:55:02 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 2328 [Total 21328]| Ratings 1| Comments 2318| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 2163 [Total 17292]| Ratings 0| Comments 2163| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1996 [Total 14551]| Ratings 1| Comments 1986| Invitations 0|Offline
S
L
1
Points 1570 [Total 3753]| Ratings 2| Comments 1550| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1347 [Total 7524]| Ratings 2| Comments 1327| Invitations 0|Offline
S
1
L
Points 1123 [Total 3259]| Ratings 7| Comments 1053| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 948 [Total 10556]| Ratings 0| Comments 948| Invitations 0|Offline
S
1
L
Points 834 [Total 4510]| Ratings 2| Comments 814| Invitations 0|Offline
S
P
C
L
P
L
1
Points 798 [Total 5852]| Ratings 4| Comments 758| Invitations 0|Offline
S
R
R
Points 160 [Total 348]| Ratings 1| Comments 140| Invitations 1|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.