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Author Question: When merchandise sold is assumed to be in the order in which the purchases were made, the company is ... (Read 64 times)

JGIBBSON

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on: Jul 5, 2018
When merchandise sold is assumed to be in the order in which the purchases were made, the company is using
 a. first-in, last-out
  b. last-in, first-out
  c. first-in, first-out
  d. average cost

Question 2

Which of the following assets will NOT be depreciated?
 
  A) inventory
  B) buildings
  C) equipment
  D) computer


sarahccccc

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

A


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