Author Question: If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the ... (Read 107 times)

sdfghj

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If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the cost ofmerchandise destroyed.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

______________________________ are business process objectives that an internal control system is designed to achieve.
 Fill in the blank(s) with correct word



sabina576

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Answer to Question 1

True

Answer to Question 2

Control goals



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