Explain how a debit card is obtained
What will be an ideal response?
Debit cards are obtained through the bank by completing a credit card application through companies such as VISA
or MasterCard. Once the application is approved, the bank issues the debit card, which can be used either as a debit
card or a credit card.
Business
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For manufacturing companies, the primary source of cash is from its customers
Indicate whether the statement is true or false
Business
Under the percentage-of-completion method, the difference between the Construction in Process and the Billings on Construction in Process accounts is reported in the balance sheet as a current asset if a debit, and as a contra asset if a credit.
a. true b. false
Business