Certain liability and net worth items generally increase spontaneously with increases insales. Put a check mark ( ) next to those items that typically increase spontaneously. Accounts payable ___________Notes payable to banks ___________Accrued wages ___________Accrued taxes ___________Mortgage bonds ___________Common stock ___________Retained earnings ___________
Certain liability and net worth items generally increase spontaneously with increases insales. Put a check mark ( ) next to those items that typically increase spontaneously. Accounts payable ___________Notes payable to banks ___________Accrued wages ___________Accrued taxes ___________Mortgage bonds ___________Common stock ___________Retained earnings ___________
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 4MC
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Question
Certain liability and net worth items generally increase spontaneously with increases in
sales. Put a check mark ( ) next to those items that typically increase spontaneously.
Accounts payable ___________
Notes payable to banks ___________
Accrued wages ___________
Accrued taxes ___________
Mortgage bonds ___________
Common stock ___________
Retained earnings ___________
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