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Author Question: The second adjusting entry for merchandise inventory with the periodic inventory system is to debit ... (Read 114 times)

fahad

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on: Jul 6, 2018
The second adjusting entry for merchandise inventory with the periodic inventory system is to debit Merchandise Inventory for the amount of the beginning inventory.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The government-wide statements include a
 
  a. Statement of Net Assets
  b. Statement of Activities
  c. Statement of Cash Flows
  d. Both items a and b
  e. All of the above.


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smrerig

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

D


fahad

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  • Posts: 570
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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