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Author Question: Under a periodic inventory system, entries are recorded in the Merchandise Inventory account at the ... (Read 118 times)

karen

  • Hero Member
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  • Posts: 537
on: Jul 6, 2018
Under a periodic inventory system, entries are recorded in the Merchandise Inventory account at the end of the fiscal period only.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The government-wide statement of net assets must include a column for each of the following except
 
  a. governmental activities.
  b. business-type activities.
  c. component units.
  d. fiduciary activities.
  e. All of the above are included in the government-wide financial statements.


aloop

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  • Posts: 315
Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

D


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