Author Question: The amount of ending merchandise inventory appears in the Balance Sheet Debit column of the work ... (Read 132 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
The amount of ending merchandise inventory appears in the Balance Sheet Debit column of the work sheet.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

For a transaction to be classified as a special item it must be
 
  A. Unusual in nature or infrequent in occurrence but not under the control of management.
  B. Unusual in nature and infrequent in occurrence.
  C. Unusual in nature or infrequent in occurrence and under the control of management.
  D. Unusual in nature or infrequent in occurrence.



dudman123

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

True

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library