« previous next »

Author Question: Sales are equal to the cost of merchandise sold less the gross profit. a. True b. False ... (Read 65 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jul 5, 2018
Sales are equal to the cost of merchandise sold less the gross profit.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The IRS developed GAAP, or generally accepted accounting principles, for the accounting profession.
 
  Indicate whether the statement is true or false


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

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.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library