Long-term borrowing is a source of financing capital ...

[asan beg]

Long-term borrowing is a source of financing capital acquisitions, but the borrowing is not reported as a liability of the Capital Projects Fund.
 
  Indicate whether the statement is true or false

Question 2

The cost of merchandise inventory is limited to the purchase price less any purchase discounts.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[emsimon14]

Answer to Question 1

True

Answer to Question 2

False

[asan beg]

YES! Correct, THANKS for helping me on my review

[kswal303]

Thanks for the timely response, appreciate it