This topic contains a solution. Click here to go to the answer

Author Question: All of the following are reasons to use an estimated method of costing inventory except a. ... (Read 138 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
All of the following are reasons to use an estimated method of costing inventory except
 a. Perpetual inventory records are not maintained.
  b. Purchase records are not maintained.
  c. A disaster has destroyed the inventory records and the inventory.
  d. Interim financial statements are required but physical inventory is only taken at the end of the financialaccounting period.

Question 2

An employee's gross pay is recorded as an expense on the employer's books.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

b

Answer to Question 2

TRUE




meagbuch

  • Member
  • Posts: 568
Reply 2 on: Jul 5, 2018
Wow, this really help


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library