This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is a. 800 b. ... (Read 70 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jul 5, 2018
If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is
 a. 800
  b. 650
  c. 750
  d. 700

Question 2

ABC Company borrows 15,000 from a local bank for six months at 9 annual interest. Which statement below is TRUE?
 
  A) It is a definitely determinable liability.
  B) It is a long-term liability.
  C) It is an estimated liability.
  D) Interest expense of 225 will be recorded each month the loan is outstanding.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trampas

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

A


Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 5, 2018
Correct answers!


trampas

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Nerve ending scanned by electron micrograph Nerve ending scanned by electron micrograph
The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc
September 11, 2001. September 11, 2001.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Laptops Cost of Laptops
Sk September 12 2023 Part 2 Sk September 12 2023 Part 2
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library