Author Question: The amount of ending merchandise inventory appears in the Balance Sheet Debit column of the work ... (Read 148 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
The amount of ending merchandise inventory appears in the Balance Sheet Debit column of the work sheet.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

For a transaction to be classified as a special item it must be
 
  A. Unusual in nature or infrequent in occurrence but not under the control of management.
  B. Unusual in nature and infrequent in occurrence.
  C. Unusual in nature or infrequent in occurrence and under the control of management.
  D. Unusual in nature or infrequent in occurrence.



dudman123

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

True

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library