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Author Question: The Public Company Accounting Oversight Board is required to oversee the Internal Revenue Service. ... (Read 51 times)

2125004343

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on: Jul 5, 2018
The Public Company Accounting Oversight Board is required to oversee the Internal Revenue Service.
 
  Indicate whether the statement is true or false

Question 2

When purchases of merchandise are made on account with a perpetual inventory system, the transaction is recorded with which entry?
 a. debit Accounts Payable; credit Merchandise Inventory
  b. debit Merchandise Inventory; credit Accounts Payable
  c. debit Merchandise Inventory; credit Cash Discounts
  d. debit Merchandise Inventory; credit Purchases


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jxjsniuniu

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

FALSE

Answer to Question 2

b


2125004343

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

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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