This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The seller records the sales tax as part of the sales amount. a. True b. False Indicate ... (Read 24 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jul 5, 2018
The seller records the sales tax as part of the sales amount.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

U.S. generally accepted accounting principles (GAAP) are determined by the ________.
 
  A) IFRS
  B) IASB
  C) FASB
  D) U.S. Congress


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


misspop

  • Member
  • Posts: 540
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Saguaro National Park in Arizona, part of the Sonoran Desert Saguaro National Park in Arizona, part of the Sonoran Desert
A closer look at glycolysis PART A A closer look at glycolysis PART A
The Sun in false-color ultraviolet image The Sun in false-color ultraviolet image
How to find the domain and range of natural logarithmic functions (Part 1) How to find the domain and range of natural logarithmic functions (Part 1)
Contrasting Colors (Part 1) Contrasting Colors (Part 1)
Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 2) Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 2)
Video: Labor and Childbirth - The Three Stages of Labor: Dilation, Expulsion & Placental مراحل الولادة

For a complete list of videos, visit our video library