« previous next »

Author Question: The adjusting entry to record inventory shrinkage would generally include a debit to Cost of ... (Read 144 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
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
  • ****
  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Map of the Moon by Johannes Hevelius from his Selenographia (1647), the first map to include the lib Map of the Moon by Johannes Hevelius from his Selenographia (1647), the first map to include the lib
Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ... Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ...
Many households today include young adults who have not moved out of their parents’ homes (or who ... Many households today include young adults who have not moved out of their parents’ homes (or who ...
Standard Medical Record and Types of Reports Found in Record Standard Medical Record and Types of Reports Found in Record
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter. Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter.
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library