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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 33 times)

mp14

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  • Posts: 534
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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  • Posts: 534
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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