« previous next »

Author Question: The two most widely used methods for determining the cost of inventory are a. FIFO and LIFO b. ... (Read 197 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jul 5, 2018
The two most widely used methods for determining the cost of inventory are
 a. FIFO and LIFO
  b. FIFO and average cost
  c. LIFO and average cost
  d. gross profit and average cost

Question 2

Which accounting principle requires that bad debts expense be recognized in the same period as the sale?
 
  A) entity
  B) matching
  C) revenue recognition
  D) cost


blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca These monolithic figures from Easter Island suggest the contemplative nature of philosophy, which ca
The MMPI personality inventory The MMPI personality inventory
Methods of Cellular Transportation Methods of Cellular Transportation
Popular Methods of Conducting Social Science Research Popular Methods of Conducting Social Science Research
Cost of Going to School Cost of Going to School
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library