Merchandise inventory at the beginning of the period minus ...

[lracut11]

Merchandise inventory at the beginning of the period minus purchases plus merchandise inventory at the end of the period equals cost of goods sold for the period.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

State charters allow corporations to issue an unlimited number of shares of common stock.
 
  Indicate whether the statement is true or false

[tjayeee]

Answer to Question 1

False

Answer to Question 2

FALSE

[lracut11]

Thanks for the timely response, appreciate it

[Dinolord]

Great answer, keep it coming