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Author Question: Under a periodic inventory system, the cost of merchandise on hand at the end of the year is ... (Read 110 times)

yoroshambo

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on: Jul 5, 2018
Under a periodic inventory system, the cost of merchandise on hand at the end of the year is determined by a physical count of the inventory.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Obligations are recorded in budgetary accounts, but not in proprietary accounts.
 
  Indicate whether the statement is true or false


angrybirds13579

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

True


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