« previous next »

Author Question: Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made. ... (Read 101 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jul 5, 2018
Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Comparable information ________.
 
  A) needs to be current so it can be used to make decisions
  B) can be verified as accurate and truthful
  C) allows users to make comparisons across financial statements
  D) is presented the same way period after period


wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
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?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

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?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

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?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

The Endomembrane System 2 The Endomembrane System 2
Digestive System Digestive System
Ivanpah Solar Electric Generating System Ivanpah Solar Electric Generating System
Food: Made Over Made Better Food: Made Over Made Better
Muscular system and Cardiovascular system Muscular system and Cardiovascular system
The renin–angiotensin–aldosterone system The renin–angiotensin–aldosterone system
Video: Reflex arc construction

For a complete list of videos, visit our video library