Author Question: Merchandise inventory at the beginning of the period minus purchases plus merchandise inventory at ... (Read 165 times)

lracut11 · **on:** Jul 5, 2018

Merchandise inventory at the beginning of the period minus purchases plus merchandise inventory at the end of the period equals cost of goods sold for the period.
a. True
b. False
Indicate whether the statement is true or false

Question 2

State charters allow corporations to issue an unlimited number of shares of common stock.

Indicate whether the statement is true or false