« previous next »

Author Question: Under a periodic inventory system, the cost of merchandise on hand at the end of the year is ... (Read 102 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
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

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

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

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Hand Anatomy Hand Anatomy
Lymphatic system. Lymphatic system.
Urinary System Urinary System
Procedures and Diagnostic Tests Related to the Male Reproductive System Procedures and Diagnostic Tests Related to the Male Reproductive System
Apply passive touch on the shoulder and hip. Stand in back and place one hand on the shoulder and ... Apply passive touch on the shoulder and hip. Stand in back and place one hand on the shoulder and ...
Primary Glands of the Endocrine System Primary Glands of the Endocrine System
Video: Causes of Acne

For a complete list of videos, visit our video library