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Author Question: The adjusting entry to record inventory shrinkage would generally include a debit to Cost of ... (Read 147 times)

bio_gurl

  • Hero Member
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on: Jul 5, 2018
The adjusting entry to record inventory shrinkage would generally include a debit to Cost of Merchandise Sold.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

In which of the following are the owners' or owner's personal assets at risk if the business does not have enough money to pay its liabilities?
 
  A) sole proprietorship
  B) partnership
  C) corporation
  D) Two of these are correct.


Beatricemm

  • Sr. Member
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  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


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