Which of the following describes the classification and normal balance of the Retained Earnings account?

a. Asset, debit
b. Stockholders' equity, credit
c. Revenues, credit
d. Expense, debit

Ans: b. Stockholders' equity, credit

Business

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The distinction between a direct-financing lease and a sales-type lease is the presence or absence of a transfer of title.

a. true b. false

Business

Explain the fundamental financing problem in international trade?

What will be an ideal response?

Business