« previous next »

Author Question: Comparative balance sheets ________. A) include balances of two consecutive years B) include ... (Read 21 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 5, 2018
Comparative balance sheets ________.
 
  A) include balances of two consecutive years
  B) include gross profit and operating income
  C) report financial ratios for the current year which are compared to the prior year's
  D) report revenues for both the current and previous years

Question 2

Which of the following items should not be included in the cost of ending merchandise inventory?
 a. purchased units in transit, shipped FOB shipping point
  b. purchased units in transit, shipped FOB destination
  c. units on hand in the warehouse
  d. sold units in transit, not invoiced, and shipped FOB destination


CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Apply oil or lotion to the entire leg. Include hip if performing massage to hip region as part of ... Apply oil or lotion to the entire leg. Include hip if performing massage to hip region as part of ...
Ice sheets in Antarctica Ice sheets in Antarctica
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Acid–Base Balance Acid–Base Balance
Acid–Base Balance Acid–Base Balance
Comparative Morphology Comparative Morphology
Video: Introduction to Spirometry

For a complete list of videos, visit our video library