The two most widely used methods for determining the cost of inventory are a. FIFO and LIFO b. ...

Author Question: The two most widely used methods for determining the cost of inventory are a. FIFO and LIFO b. ... (Read 242 times)

Lobcity

Hero Member
Posts: 524

on: Jul 5, 2018

The two most widely used methods for determining the cost of inventory are
a. FIFO and LIFO
b. FIFO and average cost
c. LIFO and average cost
d. gross profit and average cost

Question 2

Which accounting principle requires that bad debts expense be recognized in the same period as the sale?

A) entity
B) matching
C) revenue recognition
D) cost

blakcmamba

Sr. Member
Posts: 335

Reply #1 on: Jul 5, 2018

Answer to Question 1

a

Answer to Question 2

B

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