« previous next »

Author Question: Comparative balance sheets ________. A) include balances of two consecutive years B) include ... (Read 82 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?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Separation of Powers and Checks and Balances Separation of Powers and Checks and Balances
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library