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Author Question: If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is a. 800 b. ... (Read 28 times)

Brittanyd9008

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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.


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trampas

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

A


Brittanyd9008

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Reply #2 on: Jul 5, 2018
Correct answers!


trampas

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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