« previous next »

Author Question: A subsidiary inventory ledger can be an aid in maintaining inventory levels at their proper levels. ... (Read 121 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?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Human body: levels of organization. Human body: levels of organization.
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
The first step is to verify the proper operation of the tester by measuring the air frequency by ... The first step is to verify the proper operation of the tester by measuring the air frequency by ...
Pituitary Hormone Levels Pituitary Hormone Levels
An overview of the levels of organization in nature An overview of the levels of organization in nature
levels of organizations levels of organizations
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library