This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which document authorizes the purchase of the inventory from an approved vendor? a. the purchase ... (Read 312 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
Which document authorizes the purchase of the inventory from an approved vendor?
 a. the purchase order
  b. the petty cash voucher
  c. the receiving report
  d. the vendor's invoice

Question 2

Rigby Company buys merchandise from Shoshone Company with an invoice cost of 10,000 and shipping terms of FOB destination. The freight costs amount to 7,000. Which of the following statements is TRUE?
 
  A) Rigby Company will record freight-in costs of 7,000.
  B) Shoshone Company will record freight-out costs of 7,000.
  C) Shoshone Company will record freight-in costs of 7,000.
  D) Rigby Company will have inventory cost of 107,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


acc299

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 5, 2018
Correct answers!


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Louisiana Purchase Louisiana Purchase
The MMPI personality inventory The MMPI personality inventory
Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
Alli, the nonprescription version of the drug orlistat, was approved by the FDA Alli, the nonprescription version of the drug orlistat, was approved by the FDA
Manage First: Inventory and Purchasing Manage First: Inventory and Purchasing
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library