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Author Question: Market as used in the phrase lower of cost or market for valuing inventory, refers to the price at ... (Read 83 times)

mp14

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on: Jul 5, 2018
Market as used in the phrase lower of cost or market for valuing inventory, refers to the price at which theinventory is being offered for sale by its owner.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Acme Enterprise sold 150 of merchandise to a customer for cash. The sales tax was 7. How much cash did Inside Acme receive?
 
  A) 10.50
  B) 160.50
  C) 150.00
  D) 139.50


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sultana.d

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

False

Answer to Question 2

B


mp14

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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