The accounts Purchases, Purchases Returns and Allowances, ...

[daltonest1984]

The accounts Purchases, Purchases Returns and Allowances, Purchases Discounts, and Freight In are found on the balance sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Reliable information ________.
 
  A) needs to be current so it can be used to make decisions
  B) can be verified as accurate and truthful
  C) allows users to make comparisons across financial statements
  D) is presented the same way period after period

[fromAlphatoOmega22]

Answer to Question 1

False

Answer to Question 2

B