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 261 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?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive, A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive,
Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri
Sample inventory order form. Sample inventory order form.
A software inventory log. A software inventory log.
Manage First: Inventory and Purchasing Manage First: Inventory and Purchasing
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Alternative Energy Sources

For a complete list of videos, visit our video library