Certain liability and net worth items generally increase spontaneously with increases insales. Put a check mark ( ) next to those items that typically increase spontaneously. Accounts payable ___________Notes payable to banks ___________Accrued wages ___________Accrued taxes ___________Mortgage bonds ___________Common stock ___________Retained earnings ___________

Certain liability and net worth items generally increase spontaneously with increases insales. Put a check mark ( ) next to those items that typically increase spontaneously. Accounts payable _____Notes payable to banks _Accrued wages _Accrued taxes _Mortgage bonds _Common stock _Retained earnings _______

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 4MC

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Some liability and net worth items increase spontaneously with increases insales. Put a check (✓) by the following listed items that typically increasespontaneously:Notes payable to banks______________________
Some liability and net worth items increase spontaneously with increases insales. Put a check (✓) by the following listed items that typically increasespontaneously:Accounts payable_____________________________
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