« previous next »

Author Question: Under the periodic inventory system, the cost of merchandise sold is recorded when sales are made. ... (Read 70 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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

The respiratory system The respiratory system
Overview of the nervous system. Overview of the nervous system.
Have you wondered what Nutella made of! Have you wondered what Nutella made of!
The urinary system: Relationship of the kidneys to the vertebrae The urinary system: Relationship of the kidneys to the vertebrae
The Skeletal System and Homeostasis The Skeletal System and Homeostasis
Divisions of the Nervous System Divisions of the Nervous System
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library