« previous next »

Author Question: A subsidiary inventory ledger can be an aid in maintaining inventory levels at their proper levels. ... (Read 50 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jul 5, 2018
A subsidiary inventory ledger can be an aid in maintaining inventory levels at their proper levels.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

On May 27, Ace Electronics ordered merchandise from Elmo Company. Elmo shipped the merchandise to Ace on May 31, FOB shipping point. The merchandise arrived at Ace's warehouse on June 2. Ace paid for the merchandise on July 1.
 
  When should Elmo recognize revenue?
  A) May 27
  B) May 31
  C) June 2
  D) July 1


amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Proper Motion of Barnard’s Star Proper Motion of Barnard’s Star
Example of Tabular List organization levels and formatting. Example of Tabular List organization levels and formatting.
Nursing Interventions for Different Levels of Anxiety Nursing Interventions for Different Levels of Anxiety
The pressure cap should be checked for proper operation using a pressure tester as part of the ... The pressure cap should be checked for proper operation using a pressure tester as part of the ...
The four levels of protein structure The four levels of protein structure
Levels of organization in striated muscle Levels of organization in striated muscle
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library