Which of the following statements is true of revenues?
A) Revenues decrease equity, so a revenue account's normal balance is a credit balance.
B) Revenues decrease equity, so a revenue account's normal balance is a debit balance.
C) Revenues increase equity, so a revenue account's normal balance is a debit balance.
D) Revenues increase equity, so a revenue account's normal balance is a credit balance.
D
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A well-drafted real estate purchase contract will include provision for
a. the buyer's possession of the property. b. the financing terms. c. proration of property expenses. d. all of these.
The concept of work-life choices implies that
A) you have to at some point decide whether to give higher priority to work or personal life. B) if you place higher priority on family life, career success will follow. C) if you place higher priority on work, personal success will follow. D) you need to balance work and career about 50-50.