« previous next »

Author Question: The two most widely used methods for determining the cost of inventory are a. FIFO and LIFO b. ... (Read 259 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?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Examples of contraceptive methods Examples of contraceptive methods
The Hanuman langur, a widely distributed Asian colobine. The Hanuman langur, a widely distributed Asian colobine.
Cost Savings with an EHR System Cost Savings with an EHR System
Methods of Contraception Methods of Contraception
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Video: Conduction of action potentials

For a complete list of videos, visit our video library