Author Question: If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the ... (Read 162 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the cost ofmerchandise destroyed.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

______________________________ are business process objectives that an internal control system is designed to achieve.
 Fill in the blank(s) with correct word



sabina576

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

True

Answer to Question 2

Control goals



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

For a complete list of videos, visit our video library