When the merchandise is received, a receiving report indicating ...

[Marty]

When the merchandise is received, a receiving report indicating what has been received is prepared.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Use the following code to identify the expense associated with each of the assets listed below:
 
  A = Depreciation expense
  B = Depletion expense
  C = Amortization expense
  D = None of the above
 
  ______ 1. Land
  ______ 2. Patent
  ______ 3. Oil reserves
  ______ 4. Lumber
  ______ 5. Franchise
  ______ 6. Equipment
  ______ 7. Inventory
  ______ 8. Computers
  ______ 9. Office supplies
  ______ 10. Office furniture

[pangili4]

Answer to Question 1

True

Answer to Question 2

D, C, B, B, C, A, D, A, D, A

[Marty]

Excellent

[bassamabas]

Thanks for the timely response, appreciate it