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Author Question: The following information is provided for PO Company: Purchased 100 units of merchandise for 20 ... (Read 46 times)

OSWALD

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  • Posts: 580
on: Jul 5, 2018
The following information is provided for PO Company:
 
  Purchased 100 units of merchandise for 20 each
  Paid 50 of freight costs for the merchandise received
  Paid 1,200 for an advertising campaign related to the merchandise
  Returned 10 of the
 
  units purchased because they were broken
  Paid the purchasing manager's monthly salary of 3,000
 
  Determine the cost of PO's inventory at the end of the period.
  A) 1,850
  B) 3,050
  C) 1,800
  D) 4,800

Question 2

When the three sections of a balance sheet are presented on a page in a downward sequence, it is called the
 a. account form
  b. comparative form
  c. horizontal form
  d. report form


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BAOCHAU2803

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

A

Answer to Question 2

d


OSWALD

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

frankwu0507

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Reply 3 on: Yesterday
Excellent

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