[Answered] The seller records the sales tax as part of the sales amount. a. True b. False Indicate ...

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Author Question: The seller records the sales tax as part of the sales amount. a. True b. False Indicate ... (Read 35 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

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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

tandmlomax84

Member
Posts: 323

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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