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Author Question: All of the following are reasons to use an estimated method of costing inventory except a. ... (Read 140 times)

meagbuch

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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



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LP

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Answer to Question 1

b

Answer to Question 2

TRUE




meagbuch

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it


bbburns21

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Reply 3 on: Yesterday
:D TYSM

 

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