ACCT212 Week 2 Quiz Latest 2017
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Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 2 Quiz Latest 2017•ACCT212 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...

Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the cust...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 2 Quiz Latest 2017•ACCT212 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages

Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the cust...
Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 2 Quiz Latest 2017•ACCT212 Week 2 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...