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Author Question: Which of the following items would not affect the cost of merchandise inventory acquired during the ... (Read 34 times)

KWilfred

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on: Jul 5, 2018
Which of the following items would not affect the cost of merchandise inventory acquired during the period?
 a. quantity discounts
  b. sales discounts
  c. freight-in
  d. sales commissions

Question 2

The three basic elements of the balance sheet are ________.
 
  A) operating activities, investing activities, and financing activities.
  B) assets, liabilities, and shareholders' equity
  C) revenues, expenses, and net income or loss
  D) retained earnings, net income, and dividends


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makaylafy

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

d

Answer to Question 2

B


KWilfred

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Reply #2 on: Jul 5, 2018
Thank you


makaylafy

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Reply #3 on: Jul 5, 2018
No problemo


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