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NEW QUESTION: 1
An entity purchased US $1 .000 gross amount of inventory on account with terms of 2 f discount if paid within 10 days. The seller was responsible for delivery to the shipping point, with freight of US $30 prepaid by the seller. The entity records purchases at the net amount. The journal entry to record payment 8 days after the invoice date is:
A. Option A
B. Option C
C. Option D
D. Option B
Answer: A
Explanation:
Under the net method, the payable is initially credited at the discounted amount because the payment was within the discount period and freight was prepaid the buyer's remittance to the seller includes the freight cost of US $30 and the discounted price of the merchandise [US $1 .000 x1 0 - 1.02) = US $980], a total of US $1 .010. An entity with a December 31 year-end purchased US $2,000 of inventory on account. The seller was responsible for delivery to the shipping point, with freight of US $50 paid at destination by the buyer. The invoice date was December 27. Year I. and the goods arrived on January 3, Year 2.
NEW QUESTION: 2
Click the Exhibit button.
Referring to the exhibit, which two statements are true? (Choose two.)
A. The source volume is available for I/O.
B. The source volume is unavailable for I/O
C. A manual re-synchronization is not needed.
D. A manual re-synchronization is needed.
Answer: B,D
NEW QUESTION: 3
Which HP Fortify solution has a pricing model with basic standard, and premium options?
A. Software Security Center
B. Fortify On Demand Static
C. Fortify On Demand Dynamic
D. Build To Order
Answer: C
Explanation:
Reference: http://www8.hp.com/h20195/v2/GetPDF.aspx%2F4AA4-0664ENN.pdf
NEW QUESTION: 4
A. Option A
B. Option C
C. Option D
D. Option B
Answer: D
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