« previous next »

Author Question: Sales are equal to the cost of merchandise sold less the gross profit. a. True b. False ... (Read 34 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jul 5, 2018
Sales are equal to the cost of merchandise sold less the gross profit.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The IRS developed GAAP, or generally accepted accounting principles, for the accounting profession.
 
  Indicate whether the statement is true or false


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Cost Savings with an EHR System Cost Savings with an EHR System
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Gross anatomy of the male reproductive organs Gross anatomy of the male reproductive organs
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library