« previous next »

Author Question: Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made. ... (Read 153 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jul 5, 2018
Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Comparable 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


wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The dynamic nature of the endomembrane system The dynamic nature of the endomembrane system
The Uranus System The Uranus System
Circulatory System Circulatory System
Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division Receptors in the autonomic nervous system: (a) sympathetic division; (b) parasympathetic division
The Autonomic Nervous System The Autonomic Nervous System
Components of the lymphatic system. Components of the lymphatic system.
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library