The Cash balance (b.) in Lox Stock & Bagel Company's ...

[rmenurse]

The Cash balance (b.) in Lox Stock & Bagel Company's financial statement above is ________.
 
  A) the same as the retained earnings
  B) 39,910
  C) 3,000
  D) 10,910

Question 2

One of the two internal control procedures over inventory is to properly report inventory on the financialstatements .
 a. True
  b. False
 
   Indicate whether the statement is true or false

[batool]

Answer to Question 1

C

Answer to Question 2

True