Author Question: If the merchandise received is damaged or unsatisfactory, an adjustment may be made that is referred ... (Read 164 times)

rayancarla1 · **on:** Jul 5, 2018

If the merchandise received is damaged or unsatisfactory, an adjustment may be made that is referred to as an allowance.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following accounts typically needs to be adjusted?

A) Cash
B) Land
C) Unearned revenue
D) Common stock