Select one a july b august c evenly over the three

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Select one: A. July. B. August. C. Evenly over the three months. D. June. The correct answer is: July.
A company purchased $400 of office supplies on account during May. All the supplies were used in May, and the account was paid during June. What would the impact of these transactions be during May on (1) the balance of cash, (2) cash-basis net income, and (3) accrual-basis net income? Select one:
The following information pertains to Sooner Company: May 1 Customer ordered an installation service to be done by Sooner Company on May 15. May 2 Customer paid cash for the installation job to be done on May 15. May 8 The Sooner Company purchased installation supplies on account for the job. May 15 The installation job was started and completed. May 20 Amount owed for supplies purchased on May 8 is paid. Assuming that Sooner Company uses accrual-basis accounting, when would the company record the expense related to the supplies? Select one:
12/12/2020 Practice Exam (NOT counted toward final grade): Attempt review Question 30 Occupational fraud: Correct Mark 1.00 out of 1.00 Select one:
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Question 31 Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offered a 15% price reduction. The price reduction is an example of a: Select one: Correct Mark 1.00 out of 1.00 A. Sales return. B. Sales discount. C. Sales allowance. D. Sales revenue. The correct answer is: Sales allowance.
Question 32 Correct Mark 1.00 out of 1.00 A company has the following information: Total revenues $ 860,000 Sales returns and allowances $ 50,000 Sales discounts $ 30,000 Ending inventory $ 100,000 What is the amount of net revenues for the company? Select one:
12/12/2020 Practice Exam (NOT counted toward final grade): Attempt review 11/16 Question 33 Correct Mark 1.00 out of 1.00 Question 34 Correct Mark 1.00 out of 1.00 Question 35 Correct Mark 1.00 out of 1.00

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