« previous next »

Author Question: The adjusting entry to record inventory shrinkage would generally include a debit to Cost of ... (Read 73 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jul 5, 2018
The adjusting entry to record inventory shrinkage would generally include a debit to Cost of Merchandise Sold.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

In which of the following are the owners' or owner's personal assets at risk if the business does not have enough money to pay its liabilities?
 
  A) sole proprietorship
  B) partnership
  C) corporation
  D) Two of these are correct.


Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Entry Mechanisms of Viruses Entry Mechanisms of Viruses
The tools and equipment needed to perform a compression test include a compression gauge, an air ... The tools and equipment needed to perform a compression test include a compression gauge, an air ...
Radioactive protection services record book and two badge-style dosimeters. Radioactive protection services record book and two badge-style dosimeters.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Nike (Victory) Adjusting Her Sandal Nike (Victory) Adjusting Her Sandal
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library