« previous next »

Author Question: Under the periodic inventory system, the merchandise inventory account continuously discloses the ... (Read 221 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jul 5, 2018
Under the periodic inventory system, the merchandise inventory account continuously discloses the amount ofinventory on hand.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Refer to the financial statement above. This financial statement is a(n) ________.
 
  A) income statement
  B) statement of changes in shareholders' equity
  C) balance sheet
  D) statement of cash flows


tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Periodic Table Periodic Table
Example of a Regulatory System Example of a Regulatory System
Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys
Disorders and Diseases of the Endocrine System Cont Disorders and Diseases of the Endocrine System Cont
Male Reproductive System - Spermatic cord Male Reproductive System - Spermatic cord
System of Equations System of Equations
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library