Under the periodic inventory system, the cost of merchandise sold ...

[james0929]

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]

Answer to Question 1

False

Answer to Question 2

C