This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which document authorizes the purchase of the inventory from an approved vendor? a. the purchase ... (Read 382 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jul 5, 2018
Which document authorizes the purchase of the inventory from an approved vendor?
 a. the purchase order
  b. the petty cash voucher
  c. the receiving report
  d. the vendor's invoice

Question 2

Rigby Company buys merchandise from Shoshone Company with an invoice cost of 10,000 and shipping terms of FOB destination. The freight costs amount to 7,000. Which of the following statements is TRUE?
 
  A) Rigby Company will record freight-in costs of 7,000.
  B) Shoshone Company will record freight-out costs of 7,000.
  C) Shoshone Company will record freight-in costs of 7,000.
  D) Rigby Company will have inventory cost of 107,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


acc299

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 5, 2018
Correct answers!


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri Methods to Document Peripheral Pulses A. Stick Figure Peripheral Pulse Documentation B. Tabular Peri
Louisiana Purchase Louisiana Purchase
Equipment Inventory Record Equipment Inventory Record
Sample purchase order form. Sample purchase order form.
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library